BuyaTimeshare.com Partners with Banks to Offer Financing Options

Focused on online timeshare property sales and rentals, BuyaTimeshare.com provides a host of advertising and marketing services. BuyaTimeshare.com is a longstanding member of the American Resort Development Association (ARDA). As reported in ARDA's Developments magazine, BuyaTimeshare.com entered into a June 2015 agreement to provide buyers with direct links to financing solutions from financial institutions for timeshare resale purchases.

The agreement meets a core need of buyers who have found lack of financing options to be a major impediment in acquiring timeshares on the secondary market. This move also levels the competitive disadvantage resellers traditionally experienced vis-a-vis vacation ownership developers, who have been able to offer financing through their resorts as a driver of sales.

Financial partners featured include the SunTrust Bank division LightStream, which works with prospective buyers worldwide. In addition, First State Bank of the Florida Keys offers financing to US residents for timeshares at specified resorts in Florida and South Carolina.

Online Timeshare Rentals as Traditional Sales Gateway

 

BuyaTimeshare.com is an Internet marketing and advertising firm that features quality resort properties spanning North America. The company effectively helps owners to reach purchasers through the prominent positioning of properties on major search engines, from Google to Bing. BuyaTimeshare.com also maintains strong connections with leading industry groups such as the American Resort Development Association (ARDA). BuyaTimeshare.com president and CEO Wesley Kogelman was featured in a June 2015, Developments magazine article titled “Ready to Rethink Timeshare Sales? Online Rentals Could Lead to Online Sales.”

While certain retail industries have shifted almost exclusively to the online sales sphere, a 2014 ARDA survey indicates that most timeshare purchasers still go through the traditional sales process of taking a tour of the property. That said, for many eventual purchasers, the path to ownership begins with renting a timeshare, which is often accomplished online. Kogelman emphasized that resorts and developers benefit significantly from rentals, which expose their product to potential buyers in a meaningful way.

The core question involves determining what can be done to make the actual timeshare sale more efficient and easy to complete online. Presently, the process is cumbersome because electronic signatures are not permissible in the United States for deeded transactions. For now, the first-time sale or resale requires an original signed and notarized deed for county records.