YOUR TIMESHARE EXIT STRATEGY
In today’s recession, many families are attempting to cut excessive costs at any corner, and what that usually translates to is timeshare buyers looking for any and every timeshare exit strategy. But if everyone has the same aim of finding a timeshare exit strategy, then what options are there? There are many options that may be used by timeshare owners to get out of it. The options available include: donating the timeshare, renting it, transferring it or even selling it.
Seling a timeshare is the first option for trying to get a timeshare exit strategy. Basically, since the 70s when timeshares really came onto the scene, they have been steadily increasing in purchase rates. Then, just recently in 2007, with the beginning of the recession, the timeshare industry started seeing a decline in sales, but it was a rather steep one. In 2009, the timeshare market went down 40% and that was after the market dropped 10% in 2008. There are around six million Americans who have timeshares and are looking for exit strategy through several internet avenues as nobody wants to buy timeshare no more.
Unfortunately, these people who attempt to sell their own timeshare but fail think it’s just them and if they go through a company that “specializes” in selling timeshares then they should be a viable timeshare exit strategy. Moreover, they have a soiled image over time regarding the selling of timeshares. Most timeshare owners have been gullied by big scammers in the market place who promise them to resell their timeshare at a bigger profit as long as they sell upfront the company resell value.. The owners are usually too excited for the deal to notice the trap and often end up regretting it after they have already lost money.
It is only after realizing that their timeshare have no value and profit that they opt to look at timeshare exit strategy to eliminate all costs, To get rid of all the cost for a good cause the owners may decide considering donating them. There is also another problem here as most charities do not take this for free. This is because they are aware of the property taxes and random assessment fees which they do not really have. Yes, some charities accept time shares; however, that only occurs when they have already tested the market for a 30 day period to see if they can find a buyer for the property at a profit to the charity. Truly speaking if the owner of the timeshare cannot get someone to sell their timeshare it is possible that the charity will not be able to sell the timeshare as well and hence bringing the owner back to square one.Practical and Helpful Tips: Closings