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There has been a lot of buzz lately surrounding Global Resorts Network and I decided to take a closer look at this company. This is the report of my findings. Global Resorts Network is the brainchild of Chuck Tomlin, a real estate developer, and Al Morales, a successful timeshare salesman. The company was formed in late 2006 and formally launched in March 2007. Mr. Tomlin and Mr. Morales negotiated an alliance with an established full-service travel agency that has been offering a private travel club membership for the past 20 years. They have stated in company conference calls that they were excited about the benefits of membership and impressed by the exceptional customer service offered by the travel agency. Global Resorts Network is a company created to handle the exclusive marketing of the luxury travel club membership via the internet.

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1. Timeshares are not a good financial investment, regardless of what a timeshare sales rep tells you. If you buy from a developer, you are paying all their marketing expenses and the resale value of most timeshares is less than half of what they are sold for by most developers. Disney is virtually the only company that has a right of first refusal clause for resales, so for any other company I recommend buying resales only. For Disney Vacation Club, it’s a toss up. Do some comparison shopping and make sure you know what DVC is offering as incentives and what all the admin costs are on any resale purchases.

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Timeshares are costly and very limiting. There are large up front costs and ongoing fees, which can be as much as $400 or $500 a month. Generally, timeshares can be used only once a year, some only every two years, and you can’t always get them when you want them. Most people don’t want to travel to the same place year after year. Because there are so many interesting and exciting destinations around the world, it makes absolutely no sense to invest your money in one destination. You can exchange your timeshare for another location, but this can be extremely difficult. Fortunately there is an exciting alternative that will save you thousands of dollars in the long term.

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Private Residence Clubs are a unique variation on the concept of timeshare resort ownership. Growing by leaps and bounds, private residence clubs rely on the concept of fractional ownership, They provide increased amenities and services, compared to traditional timeshares, but at an increased cost. If you love luxury, these clubs may be a good fit.

A Private Residence Club, or PRC, as they are commonly know as, is vacation real estate that is both owned and operated by members. There is usually an average of 5-10 owners per unit, and each person owns a fraction of a club residence, in addition to the common areas and the facilities. PRC’s differ from timeshare ownership in that timeshare owners usually have the rights to a specific week limited to a certain unit, although they may have exchange, or floating week privileges.

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There are advantages and disadvantages to everything in life and they vary from person to person. You will need to consider whether buying a timeshare suits your personal lifestyle and finances. Will you be investing your hard-earned nest egg or only a small part of your overall worth? Whatever your situation, however, any intelligent investor will certainly scrutinize the pros and cons of the investment carefully.

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There has been a lot of buzz lately surrounding Global Resorts Network and I decided to take a closer look at this company. This is the report of my findings. Global Resorts Network is the brainchild of Chuck Tomlin, a real estate developer, and Al Morales, a successful timeshare salesman. The company was formed in late 2006 and formally launched in March 2007. Mr. Tomlin and Mr. Morales negotiated an alliance with an established full-service travel agency that has been offering a private travel club membership for the past 20 years. They have stated in company conference calls that they were excited about the benefits of membership and impressed by the exceptional customer service offered by the travel agency. Global Resorts Network is a company created to handle the exclusive marketing of the luxury travel club membership via the internet.

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1. Timeshares are not a good financial investment, regardless of what a timeshare sales rep tells you. If you buy from a developer, you are paying all their marketing expenses and the resale value of most timeshares is less than half of what they are sold for by most developers. Disney is virtually the only company that has a right of first refusal clause for resales, so for any other company I recommend buying resales only. For Disney Vacation Club, it’s a toss up. Do some comparison shopping and make sure you know what DVC is offering as incentives and what all the admin costs are on any resale purchases.

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