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The Luxuries And Worries Of Timeshare Ownership

By Denise Wagner

As the summer season is coming to an end it is time to plan out your next holiday or vacation trip. Owning a timeshare can give you the idea that you don’t need to make any more travel or vacation arrangements because your trips are set in stone. However, what more and more timeshare owners are finding is that you can save a lot of money and get more bang for your buck when you take a holiday or vacation trip without your timeshare. The only problem is that you will still be paying for it.

When you first buy a timeshare you are assured by the timeshare salesperson that you will be purchasing an investment. Not only will you be able to make money from this purchase but you can enjoy it every year if you want to. They sell you on the fact that you can use this timeshare as a financial investment and also an investment in your family’s enjoyment. While it can be said that a timeshare has the potential to be an investment in future vacation enjoyment, trying to say that it can be used as a financial asset and investment is completely false. A timeshare property decreases in value by 50% the instant you buy it, not only does the value of the timeshare go down over time but the cost of your timeshare upkeep and obligated fees can only get higher.

Now even should you truly enjoy the luxury that your timeshare provides you, you need to seriously consider if the price of that luxury matches up. You need to factor in that the cost of owning your timeshare has the potential to go up while the value only has the potential decrease over time. When these maintenance fees and special assessments start to add up you may start to think twice about keeping your timeshare.

One big problem with timeshare contracts is that in most all cases you are paying for and the owner of “time spent” at your resort room or condo. You do not ever actually own the property and should you miss out on your designated time slot then you will have unfortunately just paid for a complete timeshare resort vacation that you never actually had the chance to enjoy. When this happens you may not even notice it, but this type of financial waste with today’s economy is just unacceptable.

Another huge upset with the timeshare arrangement is that you sign into a contract that will last just about forever. These contracts have iron clad restrictions and often times it will say in the contract that this timeshare will pass onto your children and your children’s children until something is done to cancel the contract. Unfortunately there are very few viable options for getting out of a timeshare safely.

Should you stop paying your timeshare charges you will certainly regret it. If you own any type of actual property like a home the timeshare developers will go after that. They have the power to take a lien out on your actual property. There is almost no way to get out of a timeshare once you have signed on the dotted line.

So now that you know some of the dangers of a timeshare and reasoning behind the nick name of “the timeshare trap” you will be better informed to make the right decision about your timeshare. A great way to get out and stop paying is to use a transfer service such as Transfer America. This company is devoted to helping timeshare owners get rid of any and all timeshare obligations that have become a serious financial drain. Transfer America can provide a guaranteed exit solution service to get you out safely.

Exit your timeshare right now with the professionals at Transfer America. Visit http://transferamericaonly.com/ and get information about your timeshare options from Transfer America so you can be free of timeshare fees for good.

Article kindly provided by UberArticles.com

Topics: Travel and Leisure | Comments Off

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Article Citation
MLA Style Citation:
Wagner, Denise "The Luxuries And Worries Of Timeshare Ownership." The Luxuries And Worries Of Timeshare Ownership. 17 Aug. 2010. uberarticles.com. 21 Jul 2014 <http://uberarticles.com/travel-and-leisure/the-luxuries-and-worries-of-timeshare-ownership-2/>.

APA Style Citation:
Wagner, D (2010, August 17). The Luxuries And Worries Of Timeshare Ownership. Retrieved July 21, 2014, from http://uberarticles.com/travel-and-leisure/the-luxuries-and-worries-of-timeshare-ownership-2/

Chicago Style Citation:
Wagner, Denise "The Luxuries And Worries Of Timeshare Ownership" uberarticles.com. http://uberarticles.com/travel-and-leisure/the-luxuries-and-worries-of-timeshare-ownership-2/


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