Florida Time Shares Resales, Orlando Time Share Properties

Florida Timeshare Properties
Westgate Palace

MAINTENACE FEES ARE CURRENTLY PAID!!! PRICE JUST REDUCED!!! OWNER VERY VERY MOTIVATED TO CONSIDER ALL REASONABLE OFFERS!!! MAKE OFFER TODAY GREAT PRICE DONT MISS OUT!!! Sharing the lake with Wet 'n Wild water park, Westgate Palace is located in the heart of Orlando's International Drive area! Just a short walk from your well-equipped two bedroom vacation suite, an exciting variety of dining, shopping, and entertainment await. At the resort, guests enjoy an outdoor swimming pool, game room, and spectacular views of the surrounding area! Universal Orlando, SeaWorld, and Walt Disney World are all just short drives away! For more information go to www.westgateresorts.com!!

Buy: $10,000.00 Neg.
Rent: N/A

Florida Time Share---a $7.9 Billion Industry

A recently Commissioned PricewaterhouseCoopers’ survey found that over twenty-six percent of all new US Timeshare sales, with a total value of $1.4 billion, were made in Florida. Combine that with expenditures by existing owners during their annual pilgrimage to this American vacation magnet and you have an industry making a multi- billion impact on the State’s economic well-being. That’s an important business segment. One that contributes over $1 billion in direct and indirect taxes to States coffers. One that Florida legislators work very hard to regulate appropriately. So that the industry continues to prosper and consumers are adequately protected.

Florida---The Time Share State

Florida, with 26% of the total US market, is the State with the largest share of the US Timeshare industry. Overall, in the 2002 fiscal year, it contributed to Florida’s economy:

A total of $7.9 billion in Economic Impact

$3 billion in salaries, wages and related income

$1.1 billion in tax revenues

$2.3 billion in total spending by the 1 million Florida timeshare owners

Over 100,000 direct and secondary jobs

Orlando---where it all began

Any treatment of the Florida Timeshare industry would be incomplete without an understanding of the role played by Walt Disney World.

After the success of Disneyland in California, its creator had visions of a much larger amusement park. Land constraints in California prevented expansion there so Disney looked east. Walt and his brother Roy decided on Orlando in Florida because of the good year-round climate. They started purchasing vast tracks of swampland, driving the price up five fold when the local owners found out the buyers. It didn’t stop Walt though and pretty soon Disney owned 30,000 acres. Enough land to build his dream. Without the constraints of his Californian development. He had said, “ I don’t want visitors to see the world they live in while they are in the park. I want people to feel they’re in another world when they visit. And that means I need plenty of space”

Walt Disney died in 1966 before the development was completed. Roy Disney finished the project however and the park, which he named Walt Disney World, opened on October 1, 1971.Today, Walt Disney World is probably the most famous theme park on earth covering over 30,000 acres. An area of nearly 50 square miles.

And of course when people came, and they certainly came, to visit Disney World in this out of the way corner of Florida, they needed accommodation. Just prior to that time, in the early 1970s, the concept of timeshare ownership for holiday accommodation had made an entrance to the United States from Europe. It was an idea whose time had come. The concept offered developers a way to build the needed accommodation. More importantly it enabled small developers to obtain finance for ever-larger resorts because the condominiums would be sold on completion to an increasing flood of vacationers who wanted to return. Year after year.

Companies like Westgate Resorts for example, now one of the largest privately held Corporations in Central Florida started operations around this time with a 16unit development. Now, of course that Company builds complexes the size of a small city. With infrastructure to match.

By 2003 Florida had over 400 Timeshare resorts with more than 30,000 individual units.

Consumers Protected

The industry is well regulated by the Florida Bureau of Timeshare. This agency, with its four divisions of Enforcement, Examination, Financial Analysis and Administration ensures Florida Timeshare consumers are protected.

They make sure for example that the money owners pay for maintenance reserves is adequate and secure from misappropriation. Maintenance reserves are an amount, over the day-to-day costs, collected to pay for emergency capital repairs.

If you are considering a Florida Timeshare property purchase, take advantage of one of the low cost promotional stays----a virtual try before you buy----and take a good look around. Look at other resorts. Ask owners at other facilities about their experience. Timeshare owners have a common bond and enjoy sharing experiences. Learn about he many options. Ways you can tailor your purchase to your unique circumstances. For a more complete treatment click on Buying a Timeshare.