Merrimack, NH (PRWEB) April 26, 2011
Timeshare resale and timeshare rental expert BuyaTimeshare.com has announced significant buyer and rental activity during the first quarter of 2011, indicating an upturn in the secondary market.
The online advertising company provided $24,981,836 in qualified offers during the first three months of this year to owners who advertised their timeshare for sale or rent on the company’s website. Over 3,000 confirmed offers were sent through BuyaTimeshare.com as legitimate offers to advertisers, which is ahead of the offer activity for last year and a solid indication that more people are looking to buy timeshare and rent timeshare in 2011.
As a “for sale by owner” website, technological advances enable offers placed by prospective buyers and renters to be automatically validated through the company’s website during the offer process. This cutting-edge service makes it possible for the company to substantiate these offers in order to prove that activity is taking place on the secondary market.
“Our software and proprietary algorithm allows us to track offers to make sure they are true offers from legitimate buyers and renters,” said Wes Kogelman, president and CEO, BuyaTimeshare.com. “We want to make sure those offers get into the inboxes of prospective buyers and renters because without them, we don’t have a business.”
The company’s average buyer offer of $18,599 was just below the $20,000 average price of a new timeshare interval, showing excellent value for sellers and demonstrating that valuable inventory does exist on the secondary market.
Of the total offers, rental activity was considerable with the BuyaTimeshare.com website generating $1,937,182 to rent timeshare across 1,853 offers. That average $1,045 rental price would generate excellent income for owners looking to offset maintenance fees.
“Our resale model is clearly working for our advertisers as well as buyers and renters,” said Kogelman. “When owners can sell and rent their property, then our site is working not only for their benefit but for the benefit of those buyers and renters looking for value in our inventory as well.”
BuyaTimeshare.com is an internet advertising and marketing company for timeshare owners who seek to sell timeshare or rent timeshare by owner. The company has been in business since 2000 and was ranked by Inc. Magazine as one of the fastest-growing, privately held companies in the country last year, making the prestigious Inc. 5000 list. BuyaTimeshare.com was also listed as one of BusinessNH Magazine’s Top 10 Companies to Watch in 2009 and the company also operates Timeshare Pulse, an innovative program designed to help buyers and renters find the timeshare vacation of their dreams. For more information, please visit http://www.buyatimeshare.com or call 1-800-882-0296.
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