The days of low sales and the many owners who are trying to get out of their timeshares will be better this year as some financial analyst had predicted. This may also be the year that the timeshare industry will regain its position in the business world. And for the latest news, the Century Timeshare Group, a company dedicated to providing the timeshare community with the best resources available today in assisting buyers and sellers of timeshares, has recently announced that they will be partnering with their sister company, Century Properties, in launching their first auction in spring of 2010.
The said auction is set to be held in Century Timeshare Group’s multi-million dollar showroom located in Hallandale, Florida. It will be open to investors wishing to buy properties. The major benefit of this auction is that properties will be available to investors that may not be listed in classified ads or internet sites, thus, investors will have the first opportunity to bid on the properties.
According to Robert Johnson of Century Timeshare Group, they will be buying the deeds from sellers to relieve them of their timeshares and offering them at the auctions and following the first auction, they expect to hold auctions every two or three months as new properties and opportunities become available.
The timeshare industry is undergoing a rebound this year as the economic climate is approaching its full recovery. Compared to the last two years where low sales were evident and many owners try to get rid of their timeshares. Some of these owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. While the consumers will be able to afford vacation packages this year, the timeshare market has already attracted a number of interested buyers.