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Thursday, January 1, 2009

Burdensome Timeshare - The First and Final Way to Discard It

By Bobby Kip Hernandez II

Given the current situation with regards to the global economy, selling a timeshare is no easy task. If you are a timeshare owner looking for timeshare relief, you are certainly not alone. Admittedly, under more favorable conditions one may have more viable options but in the current climate, these options have been drastically reduced. Therefore, if you are serious, your best bet is to go for a solution which has the highest chance of success.

Timeshare relief can sometimes be near impossible when trying to go it alone. On the other hand, agents in general simply do not live up to their promises. Unfortunately, many charities are turning down offers of timeshare donations because they do not want to become tied down with the associated maintenance fees. Given the bleak prospects of charities being able to sell under the current financial situation, these fees cannot be tolerated.

There are more and more developers who are renting their unused timeshare inventory for less than owners' annual maintenance fees. This discovery has outraged a great deal of owners. First, the resort itself competes against the owners for renters with discounted rates. Secondly, owners are forced to lower their rent to match offers. Lastly, when you take into account the fact that people can rent significantly cheaper than they can buy, it makes sense that selling a timeshare is a problem.

Similarly, you will find that even people who like the idea of timeshares aren't buying them anymore. With the downturn in the economy, traveling is quickly becoming a luxury. While we travel to see relatives and loved ones, we are forgoing the leisure destinations. Therefore, across the board, owners are trying to get rid of their timeshares. Competition for the rare buyer is fierce. Unless you can offer something that thousands of others do not, you will not get a deal.

There is still some hope however, even if you have previously tried to part with your timeshare without any success. How? There are some reputable timeshare transfer companies which are willing to offer you needed relief by transferring your timeshare out of your name, thus saving you a lot of time, money and stress. Furthermore, the top companies will even go as far as offering you a guarantee once you've agreed to the transaction going ahead.

Sure you paid for your timeshare and it breaks your heart having to dump it. But, if you are honest with yourself, you should agree that there are few reasons, if any, to keep a timeshare that you are not likely to use. By parting with it now, you will save yourself both time and money as you will no longer be responsible for maintenance charges. If your timeshare ownership causes you unnecessary stress and worry, make it a priority to find a reputable timeshare transfer company without any further delay.

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