DOVER, NH (March 25, 2011) — The global leader in timeshare resales and rentals, Sell My Timeshare NOW, has announced today that it is joining forces with Prosper.com to offer consumer financing for the purchase of a timeshare on the secondary market. The pioneer program will enable consumers to apply online for financing as they purchase a timeshare resale from SellMyTimeshareNOW.com or Timeshare Broker Services.
According to Jason Tremblay, the company’s founder and CEO, “In the past, the lack of funding options for buyers of timeshare resales has significantly stymied the growth of the industry. By aligning with Prosper.com, this obstacle has been eliminated and we can now provide the secondary timeshare market with a much-needed source of affordable financing to help stimulate sales.”
Prosper’s founder and CEO, Chris Larsen, who previously co-founded and built E-LOAN into one of the most respected and trusted consumer brands explains, “SellMyTimeshareNow.com is the leader in the estimated worldwide billion dollar timeshare resales market. We are pleased to bring the affordable financing of our peer-to-peer marketplace to the timeshare reseller industry through our partnership with SellMyTimeshareNow.com and Timeshare Broker Services.”
A dedicated webpage for interested timeshare buyers will be provided by Prosper.com and SellMyTimeshareNOW.com. After buyers complete a short application form online, they can obtain an instant conditional loan approval.
Adds Tremblay, “The majority of today’s consumers are comfortable with shopping for timeshares and timeshare resales online. In this manner, they can control the process instead of feel that they are being ‘sold to’ during a timeshare sales presentation. With the addition of an online timeshare resale financing application, it is now easier for consumers to bypass the timeshare sales presentation and avoid paying higher developer pricing. Consumers will have online access to a source for financing a timeshare resale and owners looking to sell their timeshares 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 apprehensions.”
About Sell My Timeshare NOW
Averaging more than 2 million pageviews per month, Sell My Timeshare NOW provides internet advertising and marketing solutions for timeshare owners seeking to sell or rent timeshare while offering timeshare buyers and timeshare renters competitively priced vacation ownership and rental opportunities. The company offers timeshare brokerage through Timeshare Broker Services and is headquartered in Dover, NH with offices in Orlando, FL.
Prosper, the largest per-to-peer marketplace with over 1,050,00 members and over $223,000,000 in funded loans, was co-founded by Chris Larsen, co-founder of E-LOAN. Prosper is backed by financial and technology luminaries including, Jim Breyer of Accel Partners; Bob Kagle of Benchmark Capital; CompuCredit; Omidyar Network; Capital One Co-founder Nigel Morris of QED Investors; Court Coursey of TomorrowVentures; and Larry Cheng of Volition Capital.
Currently, timeshares on the resale market can be purchased either directly from the owner or through a timeshare broker, often for substantially less than when purchased directly from a developer. Before this alliance, the lack of financing for timeshare resales has prevented many consumers from taking advantage of the resale price breaks.
For additional information, contact
Marge Lennon at 239-482-3891