Hey all,
Most of you are probably aware of Timeshare Relief's video presence online, but for those of you who aren't here a few samples of the excellent customer testimonies and short informational films we have. These are a great resource not only for our prospective customers but also for any timeshare-laden or timeshare-curious individual.
From Youtube:
From google:
From Revver:
Tuesday, November 27, 2007
Friday, November 16, 2007
Resell Hell
All too often, timeshare owners have been told they can sell their timeshare at some point in the future, and because it’s such a good investment, they’ll make a nice profit on the sale after enjoying years of happy vacationing. Sadly, there are increasing numbers of distressed timeshare owners, who find that they cannot use the timeshare they have, or trade it successfully for another. Following this disappointment, they turn around to face the prospect of selling with an eager mind to that profit they were originally promised. Worse news follows the bad when they step into the world of timeshare resales. Time and again, these owners pay exorbitant up-front fees (usually $500 and up) to timeshare resale agents. The owners are hoping to turn a profit and get out of a timeshare contract that never delivered on its promises, except for the ones where they promise to sic collection agencies for delinquent or missed payments, and the promise to pass the timeshare along to the purchaser’s heirs forever. The actuality usually turns out to be that the resale agents are the only ones turning a huge profit as they rake in the up-front fees, meanwhile investing little or no time in ever advertising or promoting the timeshares they promised the clients to actively sell.
There are companies and individuals being investigated and prosecuted for activities such as this (Stroman realty for one), and it’s a good idea to spend significant time researching any and every company that you cross paths with that promises to help you get out from under your timeshare burden for the low low bargain price of $500 or so. With journalists, investigative reporters, financial advisors, authors and bloggers and even former timeshare owners cautioning people to avoid the seductive spiel of the timeshare resale agents, there can be no doubt that it’s a troublesome industry at best that has certainly earned its share of negative criticism.
In an industry where there are thousands upon thousands more timeshares available than are in demand, naturally the likelihood of selling at all, let alone at a profit is next to impossible. Jane Bryant Quinn referred to this over-supply in her article in Newsweek as a glut of timeshares. A quick search on the sales site, EBay produces on average about 1200 timeshares being listed for resale, and while a small percentage may appear to have bids and close, those transactions don’t necessarily go through all the time, because bidders indubitably find out the ridiculous costs associated with maintenance fees, special assessments, and taxes, and let’s not forget title transfer fees and closing costs as well. So that listing for $1 turns out to be a $1000 or more transaction. Also, State Attorney General’s are issuing cautionary advice about purchasing and reselling timeshares. Apparently the glut of unhappy chained-for-life-timeshare owners have complained en masse enough to move the government into warning people to be leery of timeshares.
It seems these warnings are going largely unheeded, at least on the front end of the purchase because timeshare sales are still increasing. It’s not until people realize the enormous burden of what they’ve signed up for that they start looking for sound financial advice, legal help, and a solid way out. The scams take place on either side of the transaction, and consumers would be wise to heed the advice of those who’ve gone before them, and simply just stay away.
There are companies and individuals being investigated and prosecuted for activities such as this (Stroman realty for one), and it’s a good idea to spend significant time researching any and every company that you cross paths with that promises to help you get out from under your timeshare burden for the low low bargain price of $500 or so. With journalists, investigative reporters, financial advisors, authors and bloggers and even former timeshare owners cautioning people to avoid the seductive spiel of the timeshare resale agents, there can be no doubt that it’s a troublesome industry at best that has certainly earned its share of negative criticism.
In an industry where there are thousands upon thousands more timeshares available than are in demand, naturally the likelihood of selling at all, let alone at a profit is next to impossible. Jane Bryant Quinn referred to this over-supply in her article in Newsweek as a glut of timeshares. A quick search on the sales site, EBay produces on average about 1200 timeshares being listed for resale, and while a small percentage may appear to have bids and close, those transactions don’t necessarily go through all the time, because bidders indubitably find out the ridiculous costs associated with maintenance fees, special assessments, and taxes, and let’s not forget title transfer fees and closing costs as well. So that listing for $1 turns out to be a $1000 or more transaction. Also, State Attorney General’s are issuing cautionary advice about purchasing and reselling timeshares. Apparently the glut of unhappy chained-for-life-timeshare owners have complained en masse enough to move the government into warning people to be leery of timeshares.
It seems these warnings are going largely unheeded, at least on the front end of the purchase because timeshare sales are still increasing. It’s not until people realize the enormous burden of what they’ve signed up for that they start looking for sound financial advice, legal help, and a solid way out. The scams take place on either side of the transaction, and consumers would be wise to heed the advice of those who’ve gone before them, and simply just stay away.
Labels:
exit strategy,
relief,
resale,
timeshare
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Friday, November 9, 2007
Choose Life! (not timesharing)
You know, timesharing is a huge industry, and with so many people buying in there's bound to be some bad apples in there looking to cash in on people's good will. So in a way it doesn't surprise me that there are so many scams out there. Avoiding them in some cases just takes a little bit of common sense, such as not buying from a suspicious-looking company in the Caribbean that has no office and no BBB profile. But there are other cases where protection is harder, where your friends and neighbors could tell you great things about a timeshare company that turns around and gives your family a raw deal.
It's happened before. The key thing to remember is this: timesharing is not for everyone. And although many people may lean on aphorisms such as "Don't knock it until you've tried it," this is one of those situations where a little experimentation could have permanent, long-lasting effects; such as with narcotics. Timesharing will affect different people in different ways depending on a number of variables, but one thing is for sure, you should know exactly what you're getting in to and whether it's something that will really benefit you or not.
We hear lots of stories in our office about timesharing; people that inherited them, people that bought and never used them, people that got conned into buying them. Sometimes there was a choice involved, sometimes not. Sometimes the people found themselves the victims of a system that had worked for several others.
When there is a choice, don't be afraid to make a stand and do the right thing, regardless of what the sales rep says. Just remember that things are never as they are in dreamy brochures, and that for every salesman trying to sell you a timeshare there are probably another 20 customers trying to sell their timeshares back.
It's happened before. The key thing to remember is this: timesharing is not for everyone. And although many people may lean on aphorisms such as "Don't knock it until you've tried it," this is one of those situations where a little experimentation could have permanent, long-lasting effects; such as with narcotics. Timesharing will affect different people in different ways depending on a number of variables, but one thing is for sure, you should know exactly what you're getting in to and whether it's something that will really benefit you or not.
We hear lots of stories in our office about timesharing; people that inherited them, people that bought and never used them, people that got conned into buying them. Sometimes there was a choice involved, sometimes not. Sometimes the people found themselves the victims of a system that had worked for several others.
When there is a choice, don't be afraid to make a stand and do the right thing, regardless of what the sales rep says. Just remember that things are never as they are in dreamy brochures, and that for every salesman trying to sell you a timeshare there are probably another 20 customers trying to sell their timeshares back.
Labels:
not for everyone,
scams,
timeshare
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Thursday, November 1, 2007
Enter: The Webmaster
Hi everyone, I'd like to introduce myself. My name's Joe and I'm the webmaster and blog runner over here at Timeshare Relief. And I'm really excited about the work we're doing. Finally an industry leader like TSR, who has helped countless individuals shed the ball and chain of an unwanted timeshare over the years, is getting the presence it deserves online. That's reason enough for celebration, isn't it?
This blog will be the unofficial home of Timeshare Relief's thoughts and updates, so stop in often if you're able to. You never know what you might find. We could link to an article about the timeshare industry, or post a story from the field that one of our reps offers. But it'll all provide you crucial information related to this market, a market that is growing larger and more perilous by the financial quarter.
So, as I said, stop in often, and please comment! We always welcome feedback. I'll be back in later today with urls to some of our new pages online.
This blog will be the unofficial home of Timeshare Relief's thoughts and updates, so stop in often if you're able to. You never know what you might find. We could link to an article about the timeshare industry, or post a story from the field that one of our reps offers. But it'll all provide you crucial information related to this market, a market that is growing larger and more perilous by the financial quarter.
So, as I said, stop in often, and please comment! We always welcome feedback. I'll be back in later today with urls to some of our new pages online.
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