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<b>Timeshare Consumer Advisor</b> - Advising Timeshare Owners On Their Options
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What they don’t tell you about timeshare 2

I’m optimistic that the first part of this article must have been an eye opener. I am yet to finish telling you all that timeshare firms would not tell you about owning a timeshare.

  1. It’s cheaper to rent a timeshare than buy one

When you rent a timeshare it would cost you almost the same amount you would spend on a hotel. This is obviously the smarter thing to do. You would not share in all the problems of owning a timeshare and you can rent a timeshare in any part of the world. Why not just rent one since it is almost the same value as renting hotel rooms instead of buying the problem called timeshare.  In addition, often you can find the same timeshare for rent less than your maintenance fees.

  1. It’s a depreciating asset

It has to be the only asset you can own that loses its value faster than a car. The sad part about buying a timeshare is the moment you pay for it loses up to 50% to 100% of its original value. Imagine paying $40,000 to $100,000 for something, and when you walk out the door, it is worth nothing.    This is the reality of timeshares.   Don’t believe me?  Try going to a banker and asking for a loan with your timeshare as collateral.    Don’t be offended if the banker laughs at you.     It does not at any point increase in value rather as the months go by.  Tthe value keeps depreciating while your maintenance fee keeps increasing. This does not sound like an investment to me.

  1. You lose money when you want to sell

If you manage to get rid of your timeshare and you are lucky enough to get it done, you would lose a lot of money in the process. First thing you must know is you cannot sell your timeshare at a value higher than what the purchasing price was. You would be lucky to find someone that takes it for free.   Yes, I said FREE.   And, you would not care.  You would be too desperate to get rid of the timeshare to care about how much you are selling.

  1. Resale scams are rampant

When you purchase a time share from a firm, the firm pretty much would not want you to leave. When you are ready to sell, they would not buy from you or help you sell your unit. Because most people are always desperate to get rid of their timeshare they fall into the hands of scams. This occurs every day. The resale of timeshare can be very annoying and sometimes too long. These scams feed on the desperation of people and steal from them while leaving them with their liability.

  1. Vacation prison

In the first part of this post I spoke about timeshare trade can be very annoying and this leads to you being stuck in a place you are already bored of. Timeshare simply creates a vacation prison. What was once vacation dream overtime becomes the most boring place to visit. You get bored and tired of the same place every year.

  1. What you see is not real

When you about to purchase a timeshare you would be shown really beautiful places. The apartments would looks absolutely lovely and breathtaking. You would fall in love with the place at once. When you buy the unit the story becomes really different. Often, the unit that is written on your purchase contract is much different in location and feel than the model one shown during the sales presentation.   I have know clients that purchased at oceanfront timeshares, promised the opportunity to reserve similar units, but then to have units with parking lot views printed on their purchase paperwork.   These timeshare salespersons and firms have to paint the perfect picture to you to get you to buy the unit. They would bring the best of pictures and videos to you. In reality it is not all of that. It is not that at all. Save yourself the disappointment.

one thing we know is that these salespersons never tell you that getting out of a time share can prove to be near impossible. it is one of the most frustrating liability you can own. the maintenance fee never drops but rather keeps going up and you would always want out. 
we have also helped you search our liable firms and timeshare elimination firms that can help you. check out tselimination.com and tsgetout.com for a easy and convenient way out.

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Timeshare
In our world today there is the constant, non-stop chatter about timeshares. Many people are approached by timeshare sales representatives who propose a wonderful, perpetual, vacation program. These salespeople state how good it would be to visit your dream vacation every year and when boredom sets in, you can simply switch to a timeshare resort elsewhere. All of this they say without telling you the price.

Is the price not important to you?

Let us do a little break down of timeshares. You purchase a property which you cannot exactly call your own for an average price of $19,000 (which is a lot of hard earned money!) for a week every year. You then pay the developer a maintenance fee of $800-$1000 every year (the average price) for the same property which would be used only one week out of the whole year. How does this even make any sense? You literally pay twice for the timeshare every year. The sad part about this is whether or not the timeshare is used you have to pay for it. Where is the sense in that?

Timeshares are ridiculously expensive. Real-estate lawyers or property lawyers would not advise you to get a timeshare as it is a total rip-off. You spend so much and yet you don’t really get the value for all the money that you put into the purchase. Remember, you only purchased it for a limited period of time so the place is not really yours, to begin with. Worse, they make you pass it on to your children so it becomes a liability to them as well. Why make your vacation become a liability to you? Vacations ought to be fun and relaxing, it’s supposed to help you get away from all the money worries and not take you right to the heart of it.

If you still think timeshares are worth it, that’s not a problem. We just hope you also think about why so many people get scammed while trying to get rid of their timeshare, or why someone would sell a timeshare which was originally worth $120,000 for as little as $1.00! Still does not make sense? It’s simple. Timeshare owners are desperate to leave. It’s pretty certain they were once as confident as you are right now. These shareowners thought that timeshares were really worth it, and when they got into the money pit called timeshares, they wanted to run out of it faster than they got in. If timeshare owners who are already in the mix are extremely desperate to get out, then, that should say a lot to any prospective buyer. Why would I want to get into something that thousands of other people are trying their very best to run out of?

Only a tiny percentage of timeshare owners actually maximize the use of their timeshares. This is probably because they have good background knowledge of a timeshare and know exactly how it works or they are just great negotiators. The honest truth is this: if you think you can afford a timeshare, you probably can’t. Even if you know you can afford it comfortably for the next 10 years, that assumes your current finances will not change in the future, it is still not worth it. If you can’t tell the future, then you simply should not purchase a timeshare.

Got a timeshare situation you want to exist asap? Contact TS Elimination on www.tselimination.com today.
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Timeshare
This is apparently the most challenging question in the business of timeshare.

Timeshare is also known as “vacation ownership”. It is ownership of a particular property for a specific time range. This is the most basic definition of timeshare. The knowledge of timeshares just became popular but timeshares have existed since the early 1960s. While the legal structure of timeshare ownership in the United States provides for “ownership,” what is actually owned is time usage. Timeshare Purchase Agreements are complicated and, many times, one-sided. The contracts give Timeshare Developers and the Resort Management Company much of the power in the relationship. Prospective shareowners should exercise caution before buying a timeshare.

A little history about timeshare.

Timeshares began in the United Kingdom in the early 1960s. This system of vacation became popular after the Second World War. During this time different families purchased a property and shared it among themselves for different seasons of the year. It was just a way for every family to get a feel of the place at the season of their choice.

Over the years, this simple home sharing venture has grown to become one of real estate’s biggest business strategies in different parts of the world.

Timeshares were first introduced into the United States in the year 1973 by the Caribbean International Corporation (CIC). It offered 25-year vacation licence rather than an outright ownership. CIC assured maintenance of specific accommodation which was provided in the specified season and time interval agreed upon. The contract between CIC and their client attracted the sum of $15 per night which was to be paid according to the terms of the contract. The contract also contained a $25 switching fee, which was charged if the client decided for any reason to switch resorts location.

In the past, the fee paid was reasonable and fair compared to the amount that would have been spent if the clients had chosen to stay in a hotel with standards provided by CIC timeshare services. In 1999, due to inflation of the dollar, the cost-per-night of the timeshare increased to $52. Clients were allowed to gift or rent out their timeshare accommodation. Irrespective of how occupied the timeshare is during the period stipulated to a client or otherwise, the client is expected to pay the sum of $15 per night as agreed. This “per-night” payment is what is known as the maintenance fee today. With the benefit of hindsight and experience, the average timeshare owners’ maintenance fees have increased dramatically, making timeshare ownership more of a burden, than a benefit.

Over time, the concept of timeshares caught the eye of many entrepreneurs businessmen. The idea of selling a room 52 times to 52 different owners at the average price of $7,000 – $25,000 per week was absolutely mind blowing. Sooner or later, it was expected that the real estate developers would step in, and that is exactly what happened. The Florida Real Estate Developers stepped in to create legislation which would define timeshare ownership in Florida and make them fee simple ownership transactions (which attracted additional fees. It’s no secret that timeshare developers love additional fees). The home owners associations were also initiated. The fee simple ownership transaction paved the way for timeshare location exchange companies to be created. Companies such as Interval International and RCI where spawned so timeshare owners could exchange their week with other timeshare owners in any given area.

To date, cancellation and rescission of timeshare contracts by timeshare owners are still the industry’s biggest problems.

Reference sites: www.wikipedia.org, www.forbes.com
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