Tuesday, August 11, 2015
Timeshare, or private vacation ownership, is now as popular as it's ever been, domestically as well as on an international scale. This popularity has resulted in a steady increase in timeshare ownership in the real estate market, with a corresponding increase in the number of private vacation ownership companies that market and sell these timeshare ownership opportunities.
A timeshare is a property that has a specific form of use rights or ownership, shared between any number of owners. Fundamentally speaking, multiple parties hold rights for usage of one property, with owners allotted a specific time of year to occupy the property.
One effective means of obtaining private vacation ownership is to establish a business relationship with a quality, proven firm that specializes in this specific field of vacation ownership interests.
Larger, more organized and established firms like the Bluegreen Corporation specialize in selling and servicing their ownership interests, with marketing of their properties and services constituting a very integral part of their business plan. Viewing any Bluegreen Resorts article will give potential clients a more enlightened view of the timeshare fundamentals that many companies integrate into the framework of their operations.
Many firms that incorporate vacation ownership have a built-in program that, through that specific company, or third-party exchanges, have hotel, cruise, resort, and other options built into the timeshare ownership plan. These programs, commonly known as vacation clubs, enable owners, or club participants, to annually purchase vacation points. Vacation points may be diminished over the course of a year, the participant having redeemed some of their accrued points for special offers. These are backed for the life of the contract by way of the deeded real estate, which is held in trust.
Many vacation ownership companies continue to expand their horizons, developing partnerships and alliances with companies that fit well within the framework of marketable goods and services that can be attractive lures to potential customers looking into timeshare ownership. Relationships with popular resorts worldwide is one example of such a business relationship.
Larger, more diversified vacation ownership companies are now outsourcing many of their services to other resort operators on a fee-for-service basis. Their exceptional management, business development, title, mortgage and financial services, and sales and marketing programs, so successful in creating their own significant footprint in the industry, is highly sought after by like companies who wish to replicate that successful business model.