Some Facts About Timeshares

When it comes to exclusive ownerships, timeshares are the best vacation to choose from. Travelers enjoy the benefits of luxurious facilities and amenities without the hassles of booking. It has been patronized by so many for years since the price is justifiable to the services it renders.

But like any other industry, it was also affected by the financial crisis that urged top major hotel chains to take actions that will sustain and help survive their business and the industry as well. Alongside with the significant sales drop that amounted to loss of billions of dollars, is the ongoing entrapment of scammers towards timeshare owners. Unscrupulous companies have been persistent in doing unsound business practices. Timeshare owners continued to file complaints at their respective Attorney Generals. Better Business Bureau kept on listing and hunting those illegitimate and deceitful companies.
As a consumer, you must know your rights. A well-informed consumer can avoid common mistakes in buying and selling timeshares.

Well, it is risky not to have seen a property that you intend to purchase. But most of the potential buyers do purchase timeshares this way. You may horribly see your vacation place most likely when you arrive.

Most people think that owning a timeshare entails them to do good business in the future. Potential buyers must remember that timeshares are not like any other investments that increase in value. In fact the value depreciates through time. Most resellers sell their timeshares between 30%-50% of its original price.

Some believe that timeshares are easy to trade which in reality is not. Even if there is such a thing as timeshare exchange program, it doesn’t guarantee that you get your preferred unit. Or you may end up with a unit that you would not enjoy.

Disney, Marriott, Hyatt, and Hilton have a uniform standard with their timeshares. If you chose to buy a unit directly from the companies mentioned, the cost may reach up to 60% more than what you purchase from the resale market. It is because the payment includes the company’s marketing costs which includes a 3-day free timeshare experience, vacation activities, and meals for potential buyers.
Consumers must be very careful on companies that force you to sign a contract. Refuse and avoid the “Buy-it-NOW-one-time-only-offers!!!” as this is one of the hard-sell tactics.

If you happen to have that timeshare and you want to dispatch it because for some reason you don’t like it anymore. Call Transfer Smart. Transfer Smart offers timeshare clients a reliable way of getting rid of timeshares forever.