Timeshare Owners’ Journey

Situations have come to worst yet it is still shocking for people to know that you still haven’t got ridden of your timeshare unit despite the ongoing crisis. As for me, I cannot blame your desire to keep it as it became you and your family’s haven whenever you wanted to gather your family together even once in awhile. In as much as you want to, circumstances don’t permit you to continue holding on to that unit. So, before you see yourself indebted with so much about it, it is necessary to let go of your timeshares.

And letting go is in fact never easy. The widespread of frauds around the timeshare industry has scared owners even more. Timeshare owners’ eagerness to get out of their responsibilities prompted them to engage with unscrupulous resale companies. Resale companies ask for additional charges which are deemed unnecessary and unethical. They can charge at least a thousand dollars or more depending on the unit. As a result, the number of timeshare victims surpassed those of the mortgages according to the reports from the Attorney General’s Office.

The problem seems to repeat all over again despite the reminders of the concern agencies. To address the ongoing problem, Attorney Generals, Better Business Bureau, and the federal courts took the initiative to gather timeshare owners and be reminded once again of the possible schemes spreading thought the community.

Some have tried to rent out their unit. Though it can somehow answer their problems, the method still wasn’t the answer since a lot of owners still suffer from the maintenance fees whenever there’s no renter.

Charities don’t accept such sweet offers anymore. They know for a fact that keeping such an expensive vacation plan will not in anyhow help their institution. It will only give more financial responsibilities and thus may be a cause of more problems in the future.

Owners are still in the process of finding out which timeshare exit solution can be fully of help to them. They still have a long journey to walk through to completely get rid of those timeshares forever.

What You Ought To Know About Timeshare Reselling

Timeshare owners already felt the need to escape from the hardships that their timeshare units have brought them. Their problem is how they free themselves from it permanently. In as much as they wanted to immediately turn away from it, they just couldn’t knowing that the steps are easy to follow yet hard to do.

First choice owners may think about is to resell the unit. But with reselling comes the long wait and the risks of being scammed. As we all know, the recession brought a tremendous influx of resale units. It would be a miracle for your unit to get noticed since there are many options to choose from. And each unit varies in terms of facilities, amenities as well as perks. The cheaper you are, the more you are seen though it is not always the case. Sometimes, the cheaper you are, the more doubtful the potential buyers would be. Waiting will take you years and within that span of time, you are still indebted with the maintenance fees.

And since you don’t know how to market your own unit, you most likely would hire a timeshare broker. Timeshare brokers are hardly found. They are only spotted in timeshare key cities like Florida. Other than those key cities, you most likely wouldn’t be able to spot one. Don’t mistake them as real estate brokers since the former and the latter’s field are totally different.

Legitimate timeshare brokers are found in of course legitimate timeshare resale companies. But reselling is also as hard as finding that reputable resale company that will give you the best results. Many of the resale companies have been engaged with unsound business practices. They ask for upfront fees first to cover the advertising costs of the unit. Many of the timeshare owners have succumbed to this but failed in the long run and were lining at Attorney General Offices to file complaints against these unscrupulous timeshare resale companies. Owners have continued to ask for a reimbursement of the fees they have paid that amounted to thousands of dollars each.

Reselling is indeed not a sure timeshare relief.