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General Timeshare Information

Wyndham Vacation Resorts: It’s Time to Take a Second (or First) Look

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Wyndham Vacation Resorts, long passed over in favor of Marriott’s extensive Vacation Club inventory, is worth taking a second (or first) look. Wyndham has a large network of resorts in North America and is actively expanding their presence in some exciting destinations such as Taiwan and Australia.

A quick glance at a map of Wyndham properties tells you that they have a strong North American presence. Whether you want to be on the west coast, Wyndham_Floridaeast coast or anywhere in between, chances are Wyndham has a property for you. Wyndham Vacation Resorts has Club Wyndham Plus Resorts in locations such as Daytona Beach, Ft. Lauderdale, Myrtle Beach, San Diego, and three of Hawaii’s islands. For the theme park crowd there are strong offerings in both the Anaheim and Orlando areas. And for those who hunt powder in the winter, Wyndham has resorts in Lake Tahoe, Colorado and a new resort in Park City, a ski-in, ski-out all condominium property at the Canyons Resort by Vail.

Club Wyndham Plus Resorts properties offer the traditional timeshare resort experience, with Wyndham_Poolstudios, one or two bedroom units. Some properties also offer three and four bedroom units. Upgraded units with the designation “presidential unit” are offered in some locations, these units typically include upgrades in the unit size and finishes. Most Club Wyndham Plus resort properties have at least one pool on-site, many have other amenities, including additional pools, hot tubs, game rooms, mini-golf courses, playgrounds and other family friendly features. Many Club Wyndham Plus properties also offer programming for those who wish to focus their vacation on the property.

Wyndham uses a points system for Club Wyndham Plus reservations, offering a great deal of flexibility for owners in booking the vacation of their choice. The amount of points needed for a reservation varies according to the unit size, season and property itself. But the average ownership available on the resale market can get you a two-bedroom unit at many Wyndham properties for one week during Prime Season.

The best news of all is that on the resale market, Wyndham is an attractive option for buyers. Most Wyndham ownerships sell for pennies per point, netting you an annual vacation for an affordable price. With a large network of resorts in some of the most popular destinations in the US, Wyndham Wyndham_Vacationmight be the hottest deal available in the Timeshare Resale market . And if you are already a Wyndham timeshare owner and you have had your years of fun, but are now ready to sell, there couldn’t be a better time. Premier Timeshare Resale can sell your Wyndham timeshare for you. We’ll do all the work from finding a buyer to ensuring it’s closed properly and transferred by Wyndham.

Who Are Timeshare Owners: A Breakdown By Numbers

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Travel_AirportHave you ever been in an airport, looked around and wondered if any of those folks own a timeshare? Maybe not, but you’d be surprised at how many actually do enjoy the benefits of timeshare ownership.

In the last few years, the timeshare industry has boomed. Sales are up, hotels are building new resorts, and the profile of timeshare owners is changing. In an effort to understand the changes happening in this blossoming industry, the ARDA (American Resort Development Association) has conducted some studies and released some statistics on the modern timeshare owner.

Are you a typical timeshare owner or an exception to the rule? Could these statistics determine why all of your friends have bought a timeshare in the last few years? Read below to see where you stand in the timeshare ownership lineup.

Timeshare kitchen cookingAge of Timeshare Owners

A recent TUG forum poll showed that the average timeshare owner is somewhere between the ages of 50 and 75, with the median between 54 and 63. Many commenters confirmed the poll numbers, but said they had purchased their timeshare much earlier, sometime in their 40s, and have enjoyed their timeshare(s) for the last decade.

One user said, “We’re in our mid 60s and purchased our first Marriott [timeshare] in 1993, Royal Palms, 1995 Harbor Cub HH, and Ocean Club Aruba preconstruction in 1997. We have really had a wonderful experience using them ourselves, giving as wedding gifts to our children and now having grandkids come with us.”

Another user commented, “We bought our first Marriott timeshare in 1995 as a means to provide our blended family joint vacation time. Hubby was 54 and I was 44. At this time I am looking forward to a family vacation in June at the Summit Watch in Park City, Utah with the 4 kids, their spouses and all 7 grandkids.”

south-carolina-timeshare-resales

Photo by U.S. Air Force Airman 1st Class Amber E. N. Jacobs

These numbers and comments point to two important things: the ages of the average timeshare buyer and owner, and more importantly the ways these middle aged consumers have used their timeshares. The ages of timeshare owners is not arbitrary, it alludes to the great advantages received by happy timeshare owners, a place to be with family and create lasting memories.

Demographics released by the ARDA noted that 78.1% of owners are either married or have a domestic partner and 23.6% have a child under the age of 18 living at home, further proving that timeshare ownership is ideal for families.

Income of Timeshare Owners

The ARDA International Foundation (AIF) released information from a study on timeshare owners in November 2014. The study showed multiple interesting conclusions that have excited the ARDA and may point to why the timeshare industry has been steadily growing in the last few years.

In older demographic information released by the ARDA, the average income of a timeshare owner was $72,900, and was often thought of as a number that didn’t necessarily represent the income of timeshare owners, but the median between the two extremes.

Ahwahnee-pool-california-timeshare-resalesTimeshare companies found that timeshare owners either made between $50,000 to $60,000 or something closer to $100,000–making $70,000 appear to be the median. Although $60,000 is a comfortable living for most, the rising cost of maintenance fees made timeshare ownership difficult for many people in that bracket, who would rather unload a timeshare costing $600 a year than continue paying the fees. On the other side of the spectrum, $600 a year is much more reasonable to someone making $100,000 a year, who would likely spend more than than on a vacation to these high quality resorts.

This tradition has manifested in the results of the AIF study, which showed that new owners tend to average a median household income of $94,800. The study showed that new timeshare owners valued the long-term vacation savings and flexibility a timeshare provides: 36% buying a timeshare to save money on future vacations and 31% buying for the flexibility a timeshare offers.

More good news is that timeshare owners that are looking to unload their property are working with timeshare resale companies, which can offer timeshares at unbeatable prices and still yield positive returns for sellers. The AIF study showed that 57% of new owners spent $10,000 or more on their timeshare, but did not point out whether new timeshare buyers could have saved money purchasing a timeshare resale.

Family-vacation-timeshare-resalaeThe New Timeshare Owner

AIF’s study, titled the Shared Vacation Ownership Study, found a bunch of exciting information on the new timeshare market.

Howard Nusbaum, president and CEO of ARDA, said, “We’re excited not only about the fact that sales are up in our industry, but also about why they are up. While existing owners continue to enjoy the lifestyle and purchase more timeshare[s], it’s the new owners that are responsible for the majority of qualified new sales.”

New timeshare owners proved to be nearly 10 years younger than typical timeshare owners, with 39% Gen Xers, 30% Millennials, and a median age of 39. The new crowd is 42% African American or Hispanic and are also highly educated, with 72% being college graduates and 23% having graduate degrees, which also helps account for the rising median household income.

Canyons Grand Summit

Photo Credit: Canyons Resort

New owners are also taking the advice of many timeshare companies and veteran owners and doing their research before purchasing. Seventy-five percent of the study’s subjects reported having had some interaction with a timeshare resort before purchasing and 44% said they initially stayed at the resort where they bought as a guest of another owner. Forty-two percent experienced timeshare vacations through renting first and 35% said they attended multiple sales presentations before buying, an interesting turn of events since timeshare presentations have been demonized as high-pressure situations forcing unexpecting victims into bad purchases.

These numbers show a change in the timeshare industry. Once criticized as a shady market full of scams and regrets, the industry has fought hard to rebuild its reputation. Through legislation passed to protect owners and active convictions against timeshare scam artists, noble companies have risen to the top of the industry and are offering fair, quality timeshares to wanting buyers.

Why Buy a Timeshare?

The new evidence is exciting. Timeshares are being sold honorably and to a satisfied public. The AIF study showed that timeshare ownership across the United States has risen from 7.2% in 2012 to 7.9% in 2014, with the numbers continuing to grow.

kauai sunsetThe uses for timeshare owners vary widely and evenly, with usage fairly equally spread between summer, fall and spring and travel distance ranging from under 500 miles to over 1,000 equal between owners as well. In a survey conducted by RCI, a prominent exchange company, 50% of their sample of owners owned a seashore or ocean beach property, followed by 29% at a golf destination, 21% at a snow skiing destination, and 20% at a lake or river destination. Almost 30% of the owners surveyed proudly owned more than one timeshare.

The same RCI survey found that exchange opportunity was responsible for motivating 84% of owners to buy a timeshare. Sixty percent cited being able to save money on future vacation as a motivator and 52% noted that they simply liked the timeshare resort, amenities and/or unit as their reason for buying.

Variety, family, and saving money on vacations–these are the reasons to buy a timeshare resale. Are these motivations for you? If so, contact one of our licensed timeshare agents and learn more about buying a timeshare, the money saving deals Premier Timeshare Resale can offer, and the advantages that come with timeshare ownership. Join the over 25 million timeshare owners in the United States today!

Aruba Surf Club: Your Spring Break Haven

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Aruba coastSo, your days of keg stands and bikinis are over. But that doesn’t mean spring break should be. Now you’ve got kids that need to be entertained for a week and spring fever from the sunny weather that makes it impossible to stay inside. Spring break doesn’t have to be spent partying on a beach in Miami, but it should still be your chance to get away from it all and try new things. And where better to explore this time of year than the colorful Caribbean?

Marriott’s Aruba Surf Club timeshares are flying off the shelves, and for good reason. The tropical climate of the Caribbean is perfect vacation weather year-round and the outdoor activities are sure to wow the kids and awaken your youthful side. Plus, Marriott’s signature service guarantees a generous staff and premier amenities that make travel a breeze. Still not convinced? Here are five great reasons why an Aruba timeshare should be your next purchase.

1. Beachfront access to one of the best beaches in the world

Consistently voted as having some of the best beaches in the world by tourists and travel experts alike, Aruba beaches are worth the trip. Sure, you can find beaches in California, Florida, and Hawaii, but they don’t measure up to the sugar-white sands and crystal clear waters of the Caribbean.

aruba fishBecause of the warm, calm waters, Aruba offers some of the best snorkeling opportunities (we will get into that later) and the perfect place for children to play in the ocean. Palm Beach, which is the two-mile strip of premier sand that Marriott’s Aruba Surf Club sits on, is one of the best beaches in Aruba and the resort offers beachfront access. You can walk out of your room and onto the sand with ease.

2. Ice cream, waterslides, and spas…oh my!

If you’re going to get any rest on this vacation, you need to keep the kids moving and smiling. Let the youngsters play on the resort’s waterslide or in the lazy river and reward them with a cool ice cream from the poolside bar. These amenities alone will make this spring break an unforgettable vacation.

Plus, Marriott’s kid’s club can entertain the kids while you get your much-needed relaxation. The resort’s full-service Mandara Spa can rejuvenate you on your journey to nirvana while the little ones are on their own adventure.

3. Feel at home

Marriott’s timeshare villas are more than just a hotel room. This resort’s two- and three-bedroom villas are stocked with a fully equipped kitchen and a washer and dryer, making this premier resort feel like your own cozy vacation home.

When traveling with children, these amenities can make all the difference. You can pack light since you can wash clothes, leaving plenty of room in your bags for souvenirs, and you can make the kid’s favorite snacks without breaking the bank. Traveling with a timeshare villa makes your spring break that much easier!

4. Spend the day in premier snorkel conditions

Because of Aruba’s small size, snorkeling around the island is easy to access. Large groups of tropical fish hang out in fairly shallow waters (usually 12 feet or less), so it will be easy for the kids to float around and find colorful, awe-inspiring fish.

A catamaran day cruise is perfect for a quick trip out to sea. Discover unique fish, sea turtles and dolphins with the whole family, giving you lasting memories and exciting photos for the spring break scrapbook.

beach family5. Explore the natural wildlands

Ignite the kid’s curiosity (and possibly your own) exploring the undeveloped areas of the island. Aruba is full of unique wildlife and interesting landscape. The family will be mesmerized by the dreamlike divi-divi trees and dramatic rock formations.

For a truly unforgettable experience, travel to the many caves in Aruba, covered in mysterious rock drawings and stalagmites. The nearby Huliba Cave is a 300-foot long corridor of discovery and adventure.

Don’t give up on spring break. Even though the scenery might change, taking a break from the day-to-day grind and rejuvenating after a long winter is vital to living a happy, healthy life. Marriott’s Aruba Surf Club offers more than a resort, it’s a place for discovering new things, testing your limits, and creating lasting memories. Come to think of it…spring break hasn’t changed all that much.

For more information on Aruba timeshares, contact one of our licensed timeshare agents. They can help you buy or sell your timeshare and Premier Timeshare Resale never charges and upfront fee. Contact us here!

4 Things to Know Before Buying a Timeshare

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beach ocean hutBusiness has been booming for the timeshare industry, a now $7.6 billion business, the same size as Major League Baseball in the United States. Since the first timeshare opened in Kauai, Hawaii in 1969, timeshare ownership has steadily grown to over 8 million owners.

The numbers don’t lie, and hotels around the world, small and large, are taking notice. Big name resorts such as Marriott and Starwood have already announced new timeshare projects this year, with even more announcements expected to come.

So, you want to get in on the action, but don’t know what to look for when buying a timeshare. In an industry plagued with scammers, high-pressure sales pitches, and endless rumors, how do you know what to look for when thinking about making the plunge into becoming a timeshare owner?

Timeshare purchases are often impulse buys, but that doesn’t mean you can’t shop smart. Here are four of the most important things you should know before buying a timeshare.

hotel pool1. Don’t Pay Full Price

Resorts have a lot of competition when trying to get new timeshare owners. Because of that, and the nature of a timeshare purchase, hotels have resorted to high-pressure sales pitches that leave participants drained.

Like any piece of real estate, timeshare prices can be bargained. Never buy a timeshare for the first price offered and don’t be afraid to haggle, whether working with a resort or resale company.

Buying a timeshare resale is a great way to go. You’ll often get the best deal when working with a resale company than through the hotel or owner directly. And in an industry where timeshare contracts can be full of confusing language, it’s good to have a timeshare real estate agent on your side to help negotiate the deal.

2. Know What You’re Buying

There are three important questions to ask when deciding on a timeshare. First, you’ll want to know whether you’re buying a deeded property or a right-to-use ownership. Most properties in the United States are deeded and work just like any other property, you can rent it out, pass it on to your heirs, and get foreclosed for defaulting on payments. Properties outside of the country, such as in Mexico or Aruba, are often right-to-use ownerships which will expire at a certain date and are subject to the country’s property laws.

contractSecond, know your right to refusal. Because of the timeshare industry’s reputation for scams and high-pressure sales, many states have combated that with legal protections that allow the purchaser to back out of the buy within so many days. Make sure to read the verbiage pertaining to your right to refusal in the contract and keep all correspondence in writing if you decide to back out of a deal.

Finally, learn the trade and exchange intervals for your property. Most properties can either be traded for points that can be used at a different time or resort, or can be exchanged for time at another resort. This is one of the many perks to timeshare ownership, but the rules can be tricky. Make sure to ask your timeshare real estate agent the best way to trade or exchange your timeshare.

3. Know Your Investment

Timeshare kitchen cookingTimeshares are not a real estate investment. Although possible, timeshare properties aren’t likely to increase in value. And often, when the time comes, timeshares are resold for a loss. However, there are a number of advantages to owning a timeshare that make it an investment in vacations, rather than real estate. Timeshares guarantee vacation time and often have accommodations such as kitchens and washing machines that regular resort rooms don’t have. These amenities make it easy to vacation with family and friends regularly, which make timeshares a valuable investment in fun and memories.

4. Beware Timeshare Scammers

Although a number of laws have been passed, scammers have been jailed, and legitimate businesses have sprung up, timeshare scams still run rampant in this industry. It’s vital to protect yourself and your loved ones from timeshare scam artists.

The first and most important rule to avoiding timeshare scams it to NEVER PAY UPFRONT FEES. You should not have to pay to advertise or sell your timeshare. Finding a timeshare resale company, like Premier Timeshare Resale, that doesn’t charge to post a listing or sell a timeshare is the best way to sell your timeshare.

Timeshare Resale BrokerAlso, never give out your information to cold call companies that promise above market deals with an anonymous buyer. That’s the most common tactic for timeshare scammers and can easily be avoided. Do your research when looking for a timeshare company. Make sure their agents are licensed real estate agents and that the company appears on the Better Business Bureau website.

There are a lot of advantages to buying a timeshare, especially with the growing market. If you’re ready to look at timeshares, contact our agents today!

Marriott Vacations Worldwide Opening Three New Vacation Destinations for Club Owners

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If you love Marriott Vacation Club and have been wondering when they might have some new properties in the United States, we have the inside scoop on three new offerings coming soon!

 

During their fourth quarter earnings call, Marriott Vacations Worldwide President and Chief Executive Officer, Stephen P. Weisz, announced new Marriott Vacation Club resorts coming to Miami, San Diego and Hawaii.

 

Miami: There are currently 182 units under construction in South Beach that are scheduled to be completed in August of this year. Marriott anticipates opening a new sales gallery in the first half of 2016.

 

Beach in MiamiWorld-renowned for its many pleasurable pursuits, Miami’s South Beach defines paradise. But there is more to South Beach than just beautiful, white sand beaches and famous Art Deco architecture. Miami’s South Beach also boasts an eclectic nightlife scene, culturally diverse restaurant choices and shopping galore. Everything South Beach has to offer has earned it the nickname the “American Riviera.”

 

San Diego: A 264 unit former Marriott Suites hotel, located close to the Gaslamp Quarter and the San Diego Zoo has been secured by Marriott Vacations Worldwide. Marriott anticipates that renovated units will be available by mid-2016.

 

SanDiegoSan Diego is well-known for its year-round pleasant temperatures, sunny skies, and gorgeous beaches. Whether surfing or just enjoying the fresh ocean air, San Diego offers the opportunity to experience laid-back California culture at its best. The Gaslamp Quarter of San Diego has been transformed into a first-class dining, shopping and entertainment district.  The San Diego Zoo features open-air exhibits that seek to re-create the animals’ natural surroundings. The San Diego Zoo holds the distinction of being one of a handful of zoos in the world with giant pandas.

 

Hawaii: Marriott Vacations Worldwide has acquired 240 guest rooms at the Marriott Waikoloa Resort Hawaii Big Islandon the Big Island and will convert them into 112 timeshare units. Marriott anticipates opening a sales gallery in 2016 with converted units being available by 2017.

 

The Island of Hawaii (Big Island) offers the opportunity to explore a collection of unique natural wonders. The largest of the Hawaiian islands, the Big Island has earned the label “Hawaii’s Island of Adventure,” because there is just so much to see and do. The Big Island is the ideal place to discover Hawaii’s famous natural splendor. With 11 of the world’s 13 climate zones, one trip is not enough to fully experience everything the Big Island has to offer.

 

We know that if you are a Marriott timeshare owner, the announcement of these new resorts is exciting news. If you’ve been considering buying a timeshare and don’t want to wait until these resorts become available, our licensed agents can give you tips about the best Marriott timeshare prices and options. Contact Premier Timeshare Resale today to learn more about timeshare ownership.

 

New Timeshares at Steamboat Sheraton Resort

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Sheraton SteamboatNew timeshare units might be on their way in Steamboat Springs at Sheraton’s resort in Colorado. Starwood Hotels and Resorts, who owns Steamboat Sheraton, announced that the company is deciding whether to dedicate the new units at Steamboat to being timeshare villas.

In the same announcement, Starwood said they are also looking at turning five other properties into timeshares. The move to vacation ownership comes from the high revenues produced by Starwood’s other timeshare properties. If the trend continues, new timeshare resorts could prove to be very lucrative for the company.

The timeshare resorts are ran by Starwood Vacation Ownership, which already manages 22 timeshare hotels internationally. In 2014, Starwood Vacation Ownership made $640 million in revenue. That number has enticed Starwood to look at expanding their timeshare reach.

construction craneSteamboat Sheraton seems like a great place to start. Steamboat Springs is already a popular tourist town, well built for timeshare owners. Since Starwood’s acquisition of the property in 2007, they have already expanded the two- and three-bedroom villas, and put another $16 million into resort renovations in 2013, presumably preparing to expand the resort’s timeshare offerings.

Currently, Steamboat Sheraton contains 287 units, including 22 condominiums and 21 timeshare units. Word on how many new units will be at the resort has yet to be revealed.

Starwood Hotels is serious about expanding their timeshare options. They have recently built new units at their Mexico and Kauai, Hawaii resorts, and have discussed building new resorts across the country, but nothing official has been released yet.

colorado mountainThe evolution of luxury resorts into timeshare villas is a trend that has become more and more prevalent across the country as demand for vacation ownership properties grow. Although not all timeshare resorts are created equal, a smart timeshare resale purchase can be a long-term investment as desire for timeshare properties grows.

This is exciting news for the timeshare industry. We will follow Steamboat Sheraton closely, as well as other Starwood resorts for new updates on their timeshare exploits.

Aspen Timeshares: Ritz-Carlton Offers Unbeatable Deal

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Ritz#5For travelers with mountain in their blood, there truly is no better place to vacation than Aspen, Colorado. This small town has a lot to offer. From endless mountain recreation to unique boutiques and a lively night life, Aspen has something for everyone to enjoy.

The Ritz-Carlton Club, Aspen Highlands is a ski-in, ski-out resort that sits at the base of a 12,500 feet mountain. Combining a backyard of terrain for every class of skier with Ritz-Carlton’s renowned luxury service, Aspen Highlands has become a premier resort for Aspen visitors.

Ritz-Carlton wants every curious traveler to get the chance to experience Aspen, and they know that once you visit, you’ll never want to vacation anywhere else. That’s why Ritz-Carlton is offering a once-in-a-lifetime deal to interested timeshare buyers.

colorado-rocky mountainsPremier Timeshare Resale would like to present this outstanding opportunity! Never before and never again will Ritz-Carton offer a value like this in Aspen. This timeshare is a four-week deeded timeshare with 1/12 owned interest in the residence. These once sold for $180,000, but your price is only $45,000. Ritz-Carlton is also offering 100% financing with your good credit.

As an added bonus, if you cannot use four weeks in Aspen every year Ritz-Carlton will offer you points for the weeks you cannot use. These points open the world to additional travel experiences at no additional cost to you.

Deals like this are a rarity and must be taken advantage of fast, as evidenced by the 25 timeshares that have already been sold. This is a deeded ownership for a two-bedroom residence. Both rooms include a king-sized bed and the living room has a sleeper sofa, comfortably sleeping six people total. The Aspen Highlands resort is also in the ideal travel location, only 5 minutes from the Aspen-Pitkin County Airport, 20 minutes from Snowmass, 2 hours from Vail and Vail/Eagle Airport and 4 hours from Denver.

Ritz#10This skier’s paradise is poised along the local “super quartet” of mountains: Aspen, Snowmass, Aspen Highlands, and Buttermilk, and has immediate access to the legendary “Highland Bowl.” When visitors aren’t enjoying the mountain, they are relaxing in the Aspen Highlands pool area or at the rejuvenating spa and fitness center.

Ritz-Carlton’s generous offer includes four weeks of ownership. Although unused time can be traded for points, you’ll find plenty to do in Aspen to keep you entertained and coming back year after year. Aspen boasts unbeatable cuisine curated by some of the top chefs in the country. But before eating a savory meal, many visitors take advantage of the one-of-a-kind shops and boutiques that line the streets, offering unique gifts and collectables to bring home and brag about to your friends.

Of course the skiing in Aspen is a premier attraction, but the scenic mountains surrounding Aspen Highlands offer more than trails and eye candy. World-class hiking, rafting, and biking is abundant in the White River National Forest, on which much of Aspen sits.

While visiting Aspen, the lively art and culture atmosphere cannot be missed. Relying on its enriched history, Aspen offers an active and engaging cultural ambiance. In conjunction, Aspen has garnered a premier art scene, complete with numerous galleries and live performances that leave you returning home more fulfilled than when you left.

Ritz#1Aspen is close to Premier Timeshare Resale’s heart. A sister city to Park City, we admire it as a remarkable town and applaud Ritz-Carlton for recognizing its value and offering this amazing deal. This unbeatable offer is only available for a limited time, so don’t hesitate in reaching out to a timeshare representative and learning more about this once-in-a-lifetime opportunity.