Ultimate Goal for a Timeshare Withdrawal

The financial crisis has forced many of us to lessen our household expenses and that includes paying for timeshare units that only eat up a big chunk of the family’s budget. It is unavoidable that owners tend to think of reselling the unit since they believe they can still get a little profit from it. It’s true that they could have around 30%-50% profit from the original price. But sometimes due to competition, it goes lower so it could be seen. And even so, there’s no guarantee that your unit can be sold immediately over the others. This method encourages you to waste more money since you will still be paying for the maintenance fees unless considered sold.

Reselling is also prone to scams. A lot of timeshare owners were deceived by resale companies that ask for upfront fees. The latter would promise of a sure buyer of the unit or a promise of rigid advertising through different channels to get immediate buyers. But then none of those are true. Markets for timeshares are nonexistent. No one is interested on it now compared before so there’s no assurance that someone out there would still want a unit of his own. Another thing is that resale companies don’t advertise but rather leave your timeshare behind. They don’t even make reimbursements so don’t bother asking them for one.

Rentals can attract better than reselling since it requires no maintenance fees on the part of the renters. Vacation lovers somehow recognize having a timeshare vacation through rentals. This is much safer on the part of the renters to avoid further unnecessary obligations. It may somehow help the owners in terms of paying for the maintenance fees but it isn’t sustainable and so won’t help the owners in the long run. Chances are the owner would still pay for those maintenance fees.

If you are really decided to withdraw your ownership, you must not anymore consider gaining profits from it. The profits you can derive from it aren’t that worthy enough to wait. So forget about renting or reselling. You might as well give it to charities or better yet try the transfer title. Both ways don’t require for upfront fees. All you have to do is to clear the payments including the current maintenance fees.

A Release From Timeshares

It is inevitable that timeshare owners nowadays wanted to rip off that unit they have been suffering for years. They simply cannot get out of the fees associated in owning a supposedly paradise-like vacation.

The popularity of this grand vacation has spread across the US, Europe and around the world since the 70s. A simple concept, ‘why rent a room? Buy the hotel’, became the foundation of the vacation plan. It was further innovated to meet flexibility and suit the needs of consumers.

A timeshare unit is always located in a first class resort, hotel, condominium, etc. since it boasts of luxury. It is luxurious since it is with timeshares that you get the best of a vacation experience. The facilities are well provided as well as the access to the establishment’s amenities. And with all these, it requires you to pay thousands of dollars not just once but the entire duration of the contract in the form of maintenance fees.

Maintenance fees are paid yearly. These fees shall maintain the functionality of the place so you won’t have to go back and check the unit if it’s still working or not. It will also serve as payments for electricity, water, and other utility bills such as telephone and cable t.v.

The problem with these fees is that it keeps on increasing. Timeshare owners have realized that paying for it is impractical nowadays because of the effects of recession. Aside from that, owners don’t use it more often because the scheduled dates don’t anymore fit in the scheduled timeshare use. It could also be that they’re tired of paying for nothing. So what for?

But in as much as they wanted to free themselves from the obligations timeshare brings, they simply can’t escape it right away. Especially, if the owner decides to resell it rather than just transfer the title without receiving any money at all.

Reselling would really take time. Not to mention the multiple scammers surrounding you trying to ditch you up. In short, it is not a guaranteed timeshare relief. It is better to use the transfer title system so you won’t have to worry about fees anymore.

Get Out Of That Timeshare Unit

It was in the 1960s that a unique vacation concept emerged in an hotelier located at the French Alps. The slogan ‘why rent a room, buy the hotel’ clearly made fingers snapped because the people’s dream that time was to own their own vacation house. When traveling was considered a need, there wasn’t much argument against owning that timeshare unit. But the tables have turned and the huge timeshare industry started to fall off the grounds.

Big time developers such as Wyndham, Marriott, and Hyatt, have utilized their cost saving strategies in order to retain the industry. Some have closed down opportunities to their workers. Since there are lesser or no workers at all, sales offices were forced to close. Timeshare developments were on hold. It also came to a point to convert timeshare units into other types.

Despite of all these measures taken by the said companies, the sales have still increased by 10% early this year. Yet it still did not compensate the loss that the industry has experienced in a short span of time.

The fall of the industry was also due to the increasing scammers surrounding the community. Potential buyers have backed out due to the hard selling tactics used by timeshare companies during sales presentations. Resale companies have required upfront fees which in the first place should not occur prior to closing a deal. As a result, the dissatisfaction rate towards timeshares became high and the drop of sales followed.

The maintenance fees have increased and owners found it hard to sustain such expenses. While it was more tolerable then, it wasn’t so right now due to the fact that service and commodity rates have increased. The sad part here is that owners could not easily escape from it since their reselling option takes time.

There is another way of lessening the burden. A title transfer system was conceptualized in order for timeshare owners too fully make an exit from the world of timeshares. It is a must that you have paid the unit in full. The previous maintenance fees should be cleared and should therefore be current.

Don’t wait for the next maintenance fee payment. Surrender your timeshares and get the timeshare relief you’ve always wanted.

What You Ought To Know About Timeshares

Timeshare is a piece of property that gives you the rights to use it. There are several of you who own the unit but each of the owners are given the privilege to use that specific unit in a given week in a year.

It is not an investment like some people imposes to--unless of course, you invested about your future vacations. But if it’s for the sole purpose of augmenting one’s income, well, then forget about it. Timeshares are not considered an investment simply because there is a limited timeshare market around. You barely can see one. It is not easy to sell since many do not appreciate paying for maintenance fees that takes care of the upkeep of the property.

Speaking of maintenance fees, these fees are required to give convenience on your part. Say for example your timeshare unit is a plane away from your hometown, you don’t just fly every now and then and see to it that the unit is still working. It would be impractical to do so. With the fees incorporated in each timeshare unit, you are assured that once you get back from your vacation place, you need not to worry about the cleanliness as well as the functionality of all the facilities and utilities your timeshare has.

Some do not like the idea of maintenance fees as they point out that you are wasting your time and money paying for a place that you can only visit for a year in a week or so.

There are two ways in which you can acquire that timeshare. It’s either you purchase directly from a timeshare company or visit the resale market.

If you are planning to purchase directly from a timeshare company then expect the expensive cost—say $10,000. It is because of the marketing costs the company sets. You are given 3-day free vacation experience for you to find out the unit. Also, they could give freebies such as air tickets for free. You can’t find these perks on the resale market. It is because it only costs around 30%-50% of a timeshare property’s price. But you still are being serviced by the resort with utmost convenience and comfort that you haven’t thought would happen to you.

Anyhow, timeshares are one of the best vacation getaways you can have. By knowing what you want, you would be able to choose the right timeshare for your needs.

Wanted: Legitimate and Expert Timeshare Brokers

Timeshare brokers aren’t as visible as real estate brokers. In fact, they are only found in Florida, the timeshare capital, and in North and South Carolina. You hardly can find them anywhere in the world. Being a timeshare broker has the most challenging work. It is because they deal with a property that barely has a market. Even so units available in the secondary market only cost 30-50% of its original price, yet selling is still difficult to achieve and it takes a lot of time to close that timeshare deal. With these facts, it is very crucial to select the right timeshare broker to make the most out of your timeshare.

Find that timeshare broker of yours. You should double your efforts in looking for that broker if you’re not living in high vacationing places like Florida. You are lucky if you’re living in these places where you most likely could spot more than two. It is best to consider the broker coming from a reputable timeshare company. Most likely, these people have lesser chances of cheating on you since they are carrying not just their name but the prestige of their company as well. Ask questions that are relevant to your timeshares such as the average time frame a property is listed in the market before being sold. Most importantly ask for the average selling price of your timeshare. Do these with other timeshare brokers, compare and contrast, then choose the best.

If you know someone who had successfully transferred their timeshares, you may ask who their timeshare broker was. Note the broker’s performance during his past resale transactions.

Go for timeshare brokers who don’t charge for upfront fees and excessive commission. If possible, get away from them. These people might be scammers who gets the money and lets your timeshare sit in the market for so long yet yield no results at all. Most legitimate timeshare brokers accept payments only after your unit is sold. Ask what sort of strategies he would employ to successfully sell your timeshare. And to end your doubts regarding the legitimacy and efficiency of your broker, ask for their background at Better Business Bureau (BBB).