Is there Really a Timeshare Re-Sale Market? (Part 2)
Most people think that there is a resale market available to dispose of their unwanted timeshare. Let’s face it – the real estate market is as bad as it has been in many years – why would it be any different with timeshare? The timeshare property isn’t even really an investment just a pre-paid holiday, so it is not attractive or beneficial to investors. How many possibilities do owners realistically have to dispose of their timeshare? What is the effective formula of timeshare owners that successfully disposed of their timeshare?
High-end Holidays or High-end Maintenance Fees?
Maintenance fees for timeshares continue to rise year after year. These fees are not fixed when people initially purchase a timeshare. In as little as two to three years, timeshare owners could be paying double or triple what they originally signed up for. Therefore, instead of saving money, timeshares can steadily cost the client more as time goes on. Also, members really don’t have much say in the management of their timeshare after purchase. So, changes in management, maintenance fee increases and deteriorating facilities are all possible varying factors.
Timeshare – When “Yours forever” is not just a sales pitch!
When signing a contract or agreement, it is always crucial to be aware of your rights, and the timeshare industry is certainly no exception. Unfortunately many timeshare owners become disillusioned after the initial inception.
Timeshares are not only an expensive investment for leisure, but also a lasting financial responsibility. After a few years of owning a timeshare, there comes a time when some people can’t keep up with this responsibility and the annually raising maintenance costs.
Ongoing hassle with timeshare?
Although some of the timeshare resorts offer some of the most exclusive and luxurious accommodation available to tourists, there is no doubt that timeshare owners constantly deal with problems as they encounter the lack of flexibility and multiple costs associated with its use and ownership.
The real nightmare begins when timeshare owners want to dispose of their unwanted timeshare property as the maintenance fees increase on an annual basis sometimes up to over £2,000!
Is there a timeshare re-sale market? (Part 1)
The brief answer is yes, although it is difficult, but not impossible. However, there are things to be aware of when planning to sell your timeshare.
Holiday makers do want to enjoy quality holidays, but mostly don’t want to be burdened by the costs of their timeshare any longer and would prefer to simply dispose of their holiday property and find an alternative.
It can seem very difficult to dispose of timeshare today due to the amount of diverse (and often misleading) information out there.
The good, the bad and the future
According to a study into timeshare carried out by the Christel DeHaan Tourism and the Travel Research Institute on behalf of RDO, formerly known as OTE, there are over 1.5 Million timeshare owners in Europe and apparently 87% are happy with their holidays.
The sixty-four million dollar question is then why the world wide web mostly contains negative statements and conclusions about timeshare? Is it just the fact that people tend to express negative thoughts more than spread a positive word?
A Real Solution For Timeshare Owners?
If you could find an opportunity to book the best quality accommodation that you have become accustomed to, and on leading of that find an acceptable solution to deal with your timeshare property, would you be interested?
Companies exist that do provide good opportunities to generate highest quality vacations and dispose of unwanted timeshare property: Here is some important information on how this can be accomplished;
Are ‘timeshare-nightmare-issues’ Just Misleading Information?
Right now, European Timeshare industry is undergoing a complete rebranding. The initial benefits of Timeshare ownership have been lost in complete misrepresentation and less-than-reputable operators pulling the proverbial ‘fast-one’ on unsuspecting victims. This builds a highly confusing situation for those who could benefit from the industry – and let’s face it – we all deserve our holidays – in whatever shape or form they come.
Is There a Turning Point with the New Timeshare Directive?
On the 22nd of October 2008 the European Parliament has adopted a new Directive to aid for the protection of consumers for respect of certain areas of the timeshare industry and how timeshare is sold. These will highlight key areas that both inform and protect consumers and raise confidence when choosing to invest for timeshare for the future.
The main reasons for Timeshare ownership seem to are lost for a fog of disinformation. These loopholes and omissions for the 1994 Timeshare Directive quickly became evident and were subsequently exploited by shameless companies working around the content of the Directive.
Karina Geldner brings you the latest information on timeshares in Europe for owners and buyers.