In today’s recession, many families are trying to cut excessive costs anywhere, and this often translates into timeshare buyers looking for any and all timeshare exit strategy. You can: rent your timeshare, sell your timeshare, transfer your timeshare title or you can donate your timeshare.
The first option to try to get a timeshare exit strategy is to sell a timeshare. Basically, since the 1970s, when timeshare really came into play, buying rates have been steadily increasing. Then, recently, in 2007, with the beginning of the recession, the timeshare industry started to see a decline in sales, but it was quite sharp. In 2009, the timeshare market fell 40% and that was after the market fell 10% in 2008. Basically, about 6 million Persons are timeshare owners, no one buys more timeshare and everyone is looking for an exit strategy.
Unfortunately, those people who try to sell their own timeshare, but fail, think that it is just them and, if they are through a company “specialized” in selling timeshare, they must be a viable exit strategy for timeshare. Unfortunately, this area of the timeshare industry is a big part of why it has such a tarnished image. Timeshare resellers are some of the biggest scammers in the business world today, telling owners that they have buyers lined up for them, offering them a huge profit as long as they pay the timeshare reseller company an upfront fee. Most people are usually very excited about the prospect of actually getting rid of timeshare maintenance fees and therefore do the business, only to regret it later.
Thus, after realizing that there is currently no value, much less profit, in timeshare, most owners now consider any alternative possibility of obtaining a timeshare exit strategy, removing all related costs. This is usually the only time that timeshare owners consider donating their timeshare, in the hope that they can get rid of their time share and also help a good cause. There is only one problem with this idea; charities don’t even want time share for free. They are very well aware of all random appraisal fees and property taxes and simply don’t have the money to spend on them. Yes, some charities accept timeshare; however, this only occurs when they have tested the market for a period of 30 days to see if they can find a buyer for the property at a profit for the charity. Usually speaking, if the individual timeshare owner with real knowledge of the timeshare industry cannot sell the timeshare, then neither can the people who work for the charity, leaving them back to square one without a timeshare exit strategy .
Now that all the alternatives have been exhausted, this is the time when most people consider paying a small fee to find a timeshare exit strategy. This is when individual timeshare owners look for timeshare transfer companies. Timeshare transfer companies, simply declared, take the title off their name and transfer it to a third party interested in timeshare for a fee, but the success rate with transfer companies is astronomically higher than a resale company , for example. As people go through other options and get to the timeshare transfer option, they increasingly realize that this is the best decision and current option as a timeshare exit strategy.