Timeshares Represent a Buying Opportunity
Thanks to attractive discounts and deals, the timeshares market presents a great opportunity to those who choose to purchase vacation ownership this year, according to a new article.
Timeshares, a low-cost vacation option to begin with, are becoming even more economical to value-minded travelers as prices are falling and the choice of discounted or free accompanying services is growing, says Time magazine.
It suggests the very attractive vacation ownership destinations such as Las Vegas, Hawaii and Orlando, Florida, are among those where the discounting is the deepest.
Mark Lunt, principal of real estate and hospitality transaction advisory services at Ernst & Young, a consultancy says "[i]t is a buying opportunity," quoted by Time.
He also adds, "People are demanding lower prices, and sales folks are slashing prices [by] double digits and offering incentives."
Some of those incentives include free spa memberships and extra hotel-reward points.
Other industry insiders have suggested that attractive discounts are especially easy to find on the secondary market.
Moreover, the selection is typically much wider on the resale market as potential buyers are not limited by the option of purchasing the offer in the developer's presentation, according to Mark Silverman, timeshare columnist for the San Francisco and Atlanta Examiner.
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