Sell My Timeshare
NOW, the global leader in timeshare
resales and rentals, announces it is partnering with Prosper.com to offer an industry-first, consumer financing program for the purchase of timeshare
on the secondary market. Consumers will soon be able to apply online for financing when buying a timeshare
resale at SellMyTimeshare
NOW.com or Timeshare
Jason Tremblay, the company's founder and CEO, says, "For timeshare
resellers, insufficient funding options have significantly hamstrung the growth of the industry. Through our partnership with Prosper.com, we will be able to remove that obstacle and bring the secondary timeshare
market a much-needed source of affordable financing to drive sales."
Now.com is the leader in the worldwide timeshare
reseller market, estimated at nearly a billion dollars," said Chris Larsen, Propser's founder and CEO, who previously co-founded and built E-LOAN into what was heralded as one of the most trusted consumer brands. "We are pleased to be able to bring the affordable financing of our peer-to-peer marketplace to the timeshare
reseller industry through our partnership with SellMyTimeshare
Now.com and Timeshare
s on the resale market can be bought either directly from the current owner or through a timeshare
broker, and are often purchased for substantially less than (sometimes as much as 60 percent below) what they sell for when purchased directly from a developer. Until now, there were few opportunities for financing timeshare
resales, preventing many consumers from taking advantage of the resale price breaks.
Prosper.com and SellMyTimeshare
NOW.com will offer a dedicated webpage where interested timeshare
buyers can complete a short application form online and then obtain an instant conditional loan approval.
Jason Tremblay adds, "Many people are comfortable with and prefer to shop for timeshare
resales online. They can control the process rather than feel they are being 'sold to' during a timeshare
sales presentation. Adding an online timeshare
resale financing application is a logical step that makes it easier for consumers to bypass the timeshare
sales presentation and avoid paying developer pricing. Consumers will have access to a source for financing a timeshare
resale and owners looking to sell their timeshare
s should find reselling timeshare
easier as financing creates a level of liquidity that previously was nonexistent. The industry as a whole should see a decline in buyer apprehension."