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Home Dave Ramsey Do You Remember? No Way Out! Resorts Creating Problems Timeshare Is Obsolete
Problems with Re-sales Timeshare Scams FAQ'S About Us
Do you remember... the phone call you received from the timeshare sales team? "Hello you have been selected to enjoy a beautiful 3 day 2 night vacation!" The lure of a one hour presentation and fun-filled weekend at a beautiful timeshare resort, which turned out to be a very lengthy high-pressured sales pitch which left you mentally and financially drained. However, how can you complain about having a deed to a place in paradise? Research shows that only one in every three timeshare owners uses their timeshare regularly. The two owners remaining, often never use their timeshare, but still have to pay their maintenance fees, special assessments and more! They frequently pay outrageous fees to rent or try to resell the weeks.
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Reasons include:
Unavailable Weeks
Finding the Time To Go
Inability to Travel Due To Sickness
Major life Events like Divorce or Death of a Spouse
This scenario is so common it prompted “Newsweek,” to publish an article in 1993 titled “The Trap in Timeshares” by Jane Bryant Quinn. She makes no bones about pointing out the consequences of timeshare ownership stating, “If your taste ever changes, a timeshare can hang around your neck like an albatross. In most cases there’s no certain way of pulling free" (July 23, 1993).Many owners invest serious time, energy and money advertising their timeshare for rent or resale. With so many other inexpensive travel alternatives available via the internet, finding someone willing to pay the higher cost of a timeshare is a daunting task. Unloading a timeshare is anything but easy for owners desperate for relief from their burden. Quinn addresses the dilemma in her “Newsweek” article saying, “Annual maintenance fees continue. To escape them you have to sell – and that’s when you learn that a time-share resort is easy to join but tough to leave.” Quinn isn’t the only one with such dire warnings. The Florida State Attorney General’s website cautions consumers about the timeshare re-sales market, “The [Re-Sale] Company’s salespeople are likely to claim that the market in the area where your resort is located is ‘hot’ and that they are being overwhelmed with buyer requests for your resort…Be skeptical of these types of claims. Remember the timeshare market is not ‘hot’ and it is unlikely that there is a buyer ready and willing to buy your timeshare.” There aren't many options for getting out from under a timeshare. This leaves many people discouraged and feeling helpless.
Home Dave Ramsey Do You Remember? No Way Out! Resorts Creating Problems Timeshare Is Obsolete
Problems with Re-sales Timeshare Scams FAQ'S About Us
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