Direct Transfers Blog

Timeshare Liability and Escape

October 14, 2011

Even to us at Direct Transfers, the appeal of timeshares when they first came out was obvious. A settled vacation for cheap, something to look forward to every single year, an easy vacation plan – what’s not to like? In fact, in theory, it sounds like a great idea. That’s how so many people have been pulled in to timeshare schemes – because theoretically, it’s a great idea.

But the truth is that in the meantime the economy has changed. Since timeshares first debuted decades ago, vacations have changed dramatically in scope, scale, and price. There’s no doubt that consumer demand for hot vacation spots has gone up even as the economy has been rocked. Somehow, though, timeshare demand has been dimmed.

Fact check: although timeshares seem like they might be cost efficient, the truth is that there’s dozens of more fiscally responsible ways to vacation today. More than that, Orbitz doesn’t charge maintenance fees, special assessments, or taxes. Direct Transfers is committed to cost efficiency, but not paying out the nose for timeshares.

Vacation clubs today offer hugely discounted vacation prices while even public travel sites like Orbitz, Travelocity, and others offer the ability to travel for less than what most timeshares will cost you for a week. Between special assessments and maintenance fees, timeshare owners are often paying double than what they’d pay for a regular vacation, even at full price.

Not only are timeshares less cost efficient for personal vacations, they’re rigid. If your vacation plans are changed whatsoever, you have to change your reservation up to a year in advance in order to get the time slot you want. Most consumers lives don’t work a year in advance. When you have sick kids or hurt parents, you don’t have a year to plan.

Timeshares may have been smart once upon a time, but today, they’re simply back breaking financial burdens. No matter how much timeshare organizations sell timeshares as an asset, they’re not – at this point, they’re a liability.

Don’t believe timeshare companies lies. If timeshares were assets, they’d be easy to resell, worth a good amount of money, and easy to reclaim your investment from. Instead we see hundreds of timeshares going for a penny on E-bay and still not selling. Listing companies make thousands every week because consumers are so frantic to get rid of their timeshare.

Direct Transfers is one of the only honest companies, not out just to make a profit but to help consumers escape all the trouble of timeshares. If you’re ready to get rid of your timeshare liability, call us today. We’re ready to take it off your hands.

Filed under: News,Timeshare News,Travel Articles