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Property Value in Alberta
The TSM marketplace is happy to be a network connecting a multitude of travelers and professionals from every field and walk of life. Mrs. CYNTHIA C.MATTAR ABDILMASIH, Foundress and President of the TSM marketplace is privileged to be an active member in the vibrant network.
As a successful Realtor and net worker Mrs. Mattar Abdilmasih understands the importance of being well connected. The vision, mission and growth of the TSM member base is being materialized globally thanks to the valued members that the marketplace is attracting on a daily basis.
Achieving results in the marketplace is driven directly by the members eagerness to connect with members and sell or buy directly via the marketplace. The attractiveness of the offers is directly affected by the pricing of the listings. Pricing your timeshare or vacation property aggressively is key to achieving results. All members are encouraged to order the 'assessment' report for pricing information and tips. The assessment report is a great tool, built especially to help you in choosing the best price for your listing and maximizing your opportunity to sell. For example, if you are looking to get a property value in Alberta for a vacation property or timeshare interest, the assessment report is sure to be of great aid in providing you with a recommended price range for your listing.
Media Release in Alberta, Canada (November 2007)
Time Shares - What We Need to Know and Can Realtors Sell Them?
Real Estate Act Section 1(1)(t) under Time-shares states that:
In order for a time-share interest to come within the meaning of the Real Estate Act, a legal registrable interest in the property must be conveyed to the buyer of the time-share. The acquisition and disposition of time-share memberships i.e. vacation club memberships, are not within the jurisdiction of the Real Estate Act. The Real Estate Act offers some protection for the consumer who lives in Alberta and buys an out-of-Province real estate time-share while in Alberta.
Note: Realtors and Brokers are not to use ones brokerage's trust account to process a timeshare sales transaction unless it is for a timeshare with a title or deed. Only a very small percentage of timeshares are deeded. Over 90% of timeshares are NOT deeded.
Interpretation Guideline D-26 "Property User's License" available on the RECA website states,
"A property owner's license is a permission provided by an owner of property to another party for that party to use the property. In order for the Real Estate Act to apply, the Real Estate Council of Alberta requires that a legal interest in the property be conveyed i.e. an interest registrable against the property. Real estate brokers may trade in real estate in the disposition and acquisition of such licenses."
In future, only those sales of time-share units where a legal interest in the property is registerable against title should be considered real estate transactions. Further, unless this registration is required, the funds from the sale should not be deposited to a real estate trust account. Rule 36(3) states, "(3) A real estate brokerage shall keep the trust records of its business with respect to trades in real estate in Alberta separate from those that pertain to any other business.
Attention Sellers, Realtors and Brokers : When selling/marketing deeded timeshares PRICE and EXPOSURE are key Realtors
The resale market of deeded timeshares is specialized. The two key elements in the resale of timeshares are Price and Exposure. Much different from the real estate market, the resale market of timeshares has a higher supply than the demand on a regular basis. Buyers are very price sensitive, they are generally looking for a bargain. Reaching the target buyers is key to successful sales. To gain targeted maximized exposure consider posting the timeshare for sale on www.timesharesmarket.com your #1 marketplace connecting travelers as buyers and sellers with the use of the latest technological tools and services for support. www.timesharesmarket.com gives you and your clients affordable advertising on a global scale. Postings start at only $19.98 for a single Timeshare for a 6 month period!!
When advertising a timeshare, Price is a key element to successful sales. Consider ordering a price assessment report (only $19.99) from www.TimeSharesMarket.com to help you and your client price the timeshare for results. The report will give you a recommended price range to consider with your clients to ensure competitive pricing. Also, included in the report are the 10 tips to successful timeshare Sales, a valuable tool to aid you in generating and managing sales opportunities specific to Timeshare resales.
If the Timeshare is not deeded refer them to a credible source, they will appreciate your value added services!
For all other timeshares that are not deeded, consider referring the client to www.Timesharesmarket.com as an alternate credible vehicle for marketing and opportunity generating. www.Timesharesmarket.com is your #1 marketplace where sellers can directly post their timeshares for sale /rent by owner for a small fee. As a trusted professional you will be appreciated to be the source of providing this value added service to your clients.
Information provided by www.TimeSharesMarket.com ( Oct 15,2007)
