Mar 09

Timeshare Relief woman watching sunsetWhen timeshare owners purchase their timeshares, they have to develop a thought process to help them rationalize why they bought it in the first place. One reason is that the timeshare will “force” them to take a vacation every year.  The annual maintenance fee will be a reminder that they need to schedule and go on vacation.

Their reasoning is that since they’ve already paid for it, they should use it every year. However, this is faulty logic. Here are a few little things in life that get in the way of this thinking:

  • First, your timeshare unit may not be available the week you want it. It depends on scheduling.  There are rules to scheduling even with fixed-week timeshares.  If you do not schedule in time, the resort can deny your request to go to “your” timeshare.  If you’re forced into a vacation, you have to make sure you can schedule it first.
  • Next, why do you even want the hassle of a forced vacation? Life is full enough with work, family, faith, and continued good health. Wouldn’t a reminder on an electronic calendar or on your iPhone be enough to remind yourself to take a vacation?  Why prepaid all your vacations just to be reminded to go on holiday?  You don’t need to financial stress.
  • Finally, remember that New Year’s resolution you made to lose weight? Well, ownership of a timeshare is a lot like that. In other words, we want a good result, but it’s rare that many of us follow through to get it. So, your intentions of going to the timeshare every year are good, but be honest, will you follow through?

If you’re the type that does follow through on what you aim to do, then by all means, take that vacation every year. However, there are other options than buying a timeshare. You could join a vacation club or rent a timeshare – options that do NOT force you into a long-term contract that truly “forces” you to pay increasing maintenance fees and special assessment costs.  Reduce your stress, don’t buy a timeshare.

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Feb 10

ABC’s Nightline news program produced this video about timeshares and the financial dangers that timeshare owners face especially years after they buy their timeshares.  Although it’s nothing terribly new to Timeshare Relief clients or to owners who have tried to get rid of their timeshares, the video may surprise many.

There are simply too many stories that are similar in the timeshare resales market and very few buyers.  With escalating maintenance fees, potential for high special assessment fees and lifetime contracts, timeshares continue to prove to be a heavy burden on their owners.

If you are one of those who are seeking relief from your timeshare, contact Timeshare Relief now at 1-866-797-0535 and speak with one of our friendly, expert timeshare owner advocates.  If the phone lines are busy, please keep trying.  Stop wasting money on timeshare bills that keep going up.

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Feb 02

There are timeshare owners that meet with Timeshare Relief consultants every year that don’t want their timeshares, and then there are those who didn’t want to be the owners of a timeshare from the beginning.  These owners often share their stories about inheriting their timeshares from their parents.

Most of the time the parents that bought the timeshares really enjoyed the timeshare, and sometimes the children had fond memories of vacations there too when they were younger.  Now grown with children of their own, they find they just don’t get the same gratification out of the timeshare that their parents did.  The real obligation of timeshare ownership isn’t fully recognized until they receive the first annual maintenance fee bill.  They don’t realize until much later that the timeshare they originally thought was an asset is actually a liability.

The timeshare the children inherit is not the same timeshare their parents had.  These timeshares are typically not modernized and upkeep may be lacking.  Someone in the next generation just wouldn’t want to stay there; they’re just too outdated.  Unfortunately, these children inherited the maintenance and fees associated with the timeshare so they are obligated to pay.  They do not get the full enjoyment out of the timeshare that their parents did, so they wind up paying a lot for a little.

One individual who had enough of the situation was Janice Borst-Smith.  She inherited a timeshare from her parents and realized that she didn’t want those high maintenance fees and aggravation resulting from the ownership.  After facing the difficulty of getting rid of her timeshares, she came to Timeshare Relief to get help.  After working with their representatives to find a solution, she was able to get rid of her timeshare.  Janice now works for Timeshare Relief to help others who find themselves in similar situations that she was in.

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Jan 15

Down on the Gold Coast of Florida, they have a brand spankin’ new timeshare resort, the Marriott Oceana Palms on Singer Island.  In fact, the doors of the 19-story, 91-villa resort opens today.  It is the 50th timeshare resort for the Marriott Vacation Club and its second on the island.

Although Marriott announced that it was stopping all new timeshare developments back in September 2009, the Oceana Palms was already in development.  After writing down $760 million from its timeshare business then, Marriott suffered a third quarter net loss of $466 million in 2009.  So, this resort  opening sets a new path amid the bubbling optimism of economic recovery.

With the average Marriott timeshare week costing timeshare owners approximately $30,000, Marriott stands to bring in a substantial revenue base for the Oceana Palms.  A second phase is planned to build a second 19-story tower and bring the overall villa count to 169.  With maintenance fees, a healthier economy, and the Marriott brand-name, Marriott is a winner with this opening.

The timeshare development also produced local jobs with the construction, and will bring in more small businesses that increased tourism will demand.  Moreover, the local and county coffers will add significant vacation accommodation related tax revenue.  So, the local economy and governments are winners as well.

Timeshare owners get an opportunity to vacation at a contemporary and luxurious resort with many local amenities.  So, from a travel and vacation standpoint, the owners will come out ahead.  But, when you look at their pocketbooks and the chance that they’ll take advantage of using their timeshare every year, the $30,000 a week average cost along with the annual and special assessment fees will more than not never be worth the value of the timeshare.

So, are the owners “winners”?  They flip the bill for the company and the local economy, but gain some measure of vacation luxury from time to time.  So, financially, timeshare owners are not winners.  But with the proper mindset, like going to the celebratory Grand Opening,  they’ll sure feel like winners…regrettably, they’ll need to brace for the hangover.

For articles about the opening used for this blog, click here and here.
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Jan 14

On occasion, Timeshare Relief Executive Consultants like JC and Linda Skidmore meet a timeshare owner that has a past that’s widely known.  In this case, the Skidmores met Mary Wood who is the humble and modest wife of late Coach Marvin Wood.  Coach Wood and his basketball team inspired the movie, “Hoosiers” and was played by Gene Hackman.

Mrs. Wood had two timeshares that she and her husband had purchased before Coach Wood passed.  She says that she was “relieved” to be rid of them.  Although she enjoyed the use of the timeshares over the years, she evidently did not want pass along the timeshares and their associated fees to her children.

In the video, JC does most of the talking.  But it’s apparent that the demur and proper Mrs. Wood is genuinely happy and satisfied with her decision to work with Timeshare Relief.

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