Timeshare Resales
Timeshares, at one time, were viewed as beautiful pieces of paradise that you could actually own for a brief period of time. People were very excited about all the timeshare-related possibilities after hearing a 90-minute sales pitch (that is actually three hours long) and impulsively signing on to a lifetime timeshare contract that not even death can break. After struggling with increasing costs and fees though, many are desperate to get rid of timeshare in the timeshare resales market.
Across several different media — radio, television, mail and phone — timeshare resellers are clogging up our lines in a pathetic attempt to make us, as the consumers, believe that reselling your timeshare is a simple, easy thing to accomplish even though it has been well publicized by many respected sources including NBC, ABC, The Chicago Tribune and even USA Today to name a few, that it is one of the riskiest scam markets out there today.
The problem with trying to sell timeshare lies within a couple of key factors. First of all, we must take into consideration the great recession that we are all feeling the consequences of on a daily basis. Practically every single American has been budgeting their funds a little tighter these days on small, every day necessities, so what does that translate to on a large scale?
Let’s put it simply; if the real estate market is one of the most affected industries out of every single industry in the country, and timeshares are part-time, occasionally used real estate, it’s quite clear that the timeshare resale market is struggling even more than typical real estate. What is driving value down further is the fact that simply nobody is interested in buying, nor can they even begin to consider trying to fit something some superfluous into their budget in a time when they are struggling to make mortgage payments to keep their own roof over their family’s heads. In fact, the timeshare market has reportedly gone down close to 50% since the beginning of the recession in 2007, and before that, it was a two billion dollar a year industry.
Translated simply; a lot of people were buying timeshares and now, they all want to sell their timeshare, but now nobody wants to buy one. Take into consideration also the fact that banks are struggling so horribly, the government has been forced to intervene, something that has not happened for generations. Therefore, even people with fantastic credit cannot receive a loan of any kind, let alone for a vacation rental property.
However, people are still out there today thinking, “How can I resell my timeshare,” “How can I rent out my timeshare,” or even, “How can I donate my timeshare?” However, there are solutions to help you get out of timeshare related debt. Timeshare Relief is a timeshare transfer company that has proven over and over again to have the timeshare solution needed to help people battle back and win in this overwhelming economic struggle.
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Consumer Advisor
Sharon Goldberg
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