The Cold, Hard Truth About Timeshares

The reality with timeshares is that they have little to no resale value. This is supported by several of the industry red flags. As many timeshare owners have experienced, timeshare listing companies could easily be named the biggest industry red flag. These listing companies charge timeshare owners an upfront fee of about $500-$1000 just to advertise the timeshare for sale.

The reality is, if these companies had any confidence that they could actually sell it, they would take a commission on the sale. But because they are aware of the bad condition of the resale market, all they will agree to accept is an upfront fee for marketing costs.

The other main red flag is that resorts refuse to take back the unwanted memberships. This is because the annual maintenance fees that they collect are more valuable to the resorts than the title to real estate. The resorts know that over the course of a forever contract they will literally get every owner to re-buy their timeshares over and over again.

Owners are also subject to fees above and beyond just the regular maintenance fees. Special assessments can be issued for any and all reasons. Some owners have even reported receiving a special assessment for a bad economy. Although assessments due to bad economies are rare, the reasons can range from hurricane damage to supporting your struggling developer. Therefore because of what is involved with timeshare ownership, for many people, it simply isn't worth the risk.

If your timeshare experience has fallen short of the promises that were made to you when you bought it, then you can be assured that you are not alone. Over 50% of all timeshare owners are now in the resale market attempting to unload their expensive burdens.

Unfortunately by the time timeshare owners finally meet with Safe Hands Transfers, many of them have already spent hundreds sometimes thousands of dollars on useless listing companies.

If you have been experiencing the frustration of timeshare listing companies, you can receive a risk-free consultation to assess your situation with your timeshare. Let us help you. Contact Safe Hands Transfers today!