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If I am incorrect, the public will have forgotten my prognostications by the time they occur. Having gotten that major disclaimer out of the way, let’s take a look at the industry and try to make some sense out of it.

The industry really got started almost thirty years ago in the United States. Many real estate developers lured by the vision of being able to sell a $100,000 condo for $500,000, jumped in. Not realizing they were in the marketing business in which they were inexperienced rather than the development business ,many were unsuccessful and went under. The few who really understood what they were doing, did very well. A few were able to create large businesses, developing timeshares. By the way, if you are looking for a great deal on a timeshare resale in a beautiful location in the Bahamas, check out “Blue Water Resorts at Guanahani Village Timeshare Resale “, for a great value.

At this point there was a maturation process that slowly changed the industry. The major hotel chains such as Marriott, and Hilton, entered the industry.. The large players were displeased with losing customers to timeshares. In addition, they had the benefit of a known brand and customer loyalty. With their huge resources they effectively drove all but a few of the smaller developers out of business. Despite this tough competition, the largest independent timeshare developers are still profitable. At this point, the question remains, where do we go from here?

My first prediction is, as follows. Large timeshare developers will keep growing and create more inventive products with a large appeal. The cost of new timeshares will be in the range of $10,000 to $26,000 for a weekly share. The biennial sales ,every other year, will still enable them to also gain the lower end of this market.

All the while, these developers have ignored a by product of their past sales. They have ignored the resale market. Many of these timeshares were marketed more than twenty years ago to customers who were already over sixty five years of age at the time of sale. They are either deceased, or cannot utilize the timeshare any more. Further, since it is a real estate product which theoretically never dies, there are many good reasons to have to sell and move on.

General real estate brokers took a look at this timeshare resale market where the whole resale price is about a third of a selling broker’s three- percent commission on a house and simply ignored it. Owners who needed to resell their timeshare had no recourse. No system was put in place to resell timeshares. Consequently, resales prices took a nose dive. Owners had to resell their property at a price that was less than half the original purchase price. If you need to sell your timeshare, look at the following, “Sell Blue Water Resorts at Guanahani Village Timeshare “, for an honest resale broker.

Enter the scammer. These unscrupulous brokers, who are always looking for a wind fall, made false promises to sellers, and absconded with their advance fees. If you tried to utilize one of these false sellers, you are not alone. I was also ripped off by one of these brokers. I paid an advanced fee of $400 to a broker, who then placed a $10 ad. No other services or sales efforts were attempted. At this point I was determined to provide a solution to the resale dilemma, so I set up an honest resale brokerage. Fortunately there were others around the country that thought the same way.

The timeshare resale business is now in full development. With the advent of more honest brokers, the dishonest ones will dissipate. They may even get something like a Resale Multiple Listing Service together. Currently, there are indications of these types of services on the web.

My next prediction is that the unscrupulous brokers will be driven out of business. When condominiums first came into existence, they took a similar course that the timeshare industry is taking. A lot of lenders refused to finance condominiums and real estate brokers did not want to list them. They did not believe it was viable to attempt to sell a small portion of a structure? A similar line of reasoning is now applied to timeshare. It too will pass and the time will come when it is completely normal. Further, the price of resale timeshares, which is now at ridiculously low levels, will increase as they become more accepted. The gap between the pricing of new timeshares and used timeshares will narrow.

Even now, some savvy timeshare investors have made a resale profit. However, if you are considering a new timeshare purchase, don’t count on a resale profit.

My final prediction is that the future looks promising for timeshare resorts. As time goes on and inflation continues ,which it always does, timeshares will become more valuable just as primary housing has proven to be in the long run. If you haven’t purchased a timeshare yet, it is an ideal time. If you already own a timeshare, this may be a great time to add to your holdings. If you purchase a resale at this point, with their low sales prices, it will be hard for you to lose money.

To learn about a great timeshare community in the Bahamas visit us: Sell Blue Water Resorts at Guanahani Village Timeshare

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