subject: The Best Timeshare Is No Timeshare [print this page] Despite warnings, some people still ask "What is the best timeshare?". The truth is, there are no good timeshares these days. Once upon a time the market had promise, but those days are long gone. Now, more than four million people in the US have fallen into vacation ownership traps. The yearly sales reach into the billions of dollars, yet more people are interested in selling than buying.
Obviously, the majority of owners are trapped in something they can"t get out of. There are many reasons why people get trapped in these schemes. Some people are misinformed and believe that they really are buying the best timeshare, and that it can be an investment opportunity. This couldn"t be further from the truth. In today"s economy, there is no room for timeshare investments.
Another reason why people are stuck in these schemes is because they were pushed into it. They were tricked into going on a "free" vacation, during which they had to attend a "meeting". Salespeople promise that the meeting will only be 60 to 90 minutes long, but they often last a lot longer. Sometimes people will agree to buying timeshare just because they want to leave!
Now, not all timeshares are scams. There are some legitimate offers available. Unfortunately, they are more trouble than what they"re worth. There are annual fees that increase every year. If they are not paid, the owner"s credit is ruined. If the owner passes away before getting rid of the timeshare, their child inherits the burden.
Even though word is starting to get out about the horrors of partial vacation ownership, not enough people are educated. People are still falling into the trap. Not only are they paying a fortune in fees, they spend money on trying to get rid of the timeshare. They pay to advertise their property, only to be let down.
There are some resale companies that promise to sell property for owners. They claim that they have contacts in high places, and have all the right resources for selling timeshare "" but only if the owner pays them an upfront fee. Owners feel desperate and pay the upfront fee in hopes of finally getting rid of their property. Unfortunately, they only lose money, since most of these companies are scams.
The best way to get out of a timeshare scheme is to request help from professionals who will develop a good, individualized exit plan for clients. The only good timeshare company is one that offers relief "" not profits "" to those who want out.
