Thursday, August 5, 2010
Reality Bites: Timeshares
Vacation time is coming. Unlike others who rush for bookings and accommodations, you are calm and ready for everything is all set. That is the beauty of having a timeshare. However, don’t you think it would be better to stop worrying about ever-increasing timeshare maintenance fees and special assessments? Time for you to get practical, time to get rid of your timeshare unit.
The economy is not just friendly to everyone and you are not exemption. Even the king of timeshare industry like Marriott International is greatly affected by the financial crisis.
Every commodity seems to be increasing in price. To cope up with this, you should prioritize necessities and drop luxuries like owning a timeshare unit.
Timeshares are coated with such a glamorous image that makes you feel like royalties having your own unit in a high-class hotel, resort or condominium. But just when you can get away from all the troubles of life, reality sinks in. You are now bombarded with too many fees that aren’t exactly compensated by the experience you had in spending time in your unit.
Owning a timeshare unit during these times is not practical. Picture this you are paying thousands of dollars for something that you only use for a very short period, and sometimes you don’t actually have the chance to use it. There is a specific period of time for you to enjoy your timeshare but it cannot be avoided that it might coincide with your work. Yes, you can book on other weeks but that would take a lot of money.
This is the time to be practical. Unload your timeshare unit. But be careful with timeshare resellers. Make sure you check with Better Business Bureau before transacting with a timeshare resale company. You would not want to end up among victims of scammers who will drain your money and at the end you still have your timeshare with you.
Getting out of your timeshare contract is not an easy thing to do. Selling your unit would take some time, especially these times when there are many owners who are also putting their units on sale. The image of timeshares has also suffered tremendously that people would hesitate to buy one.
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