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Get Rid of Your Timeshare, Your Home & Family Mean So Much More

submitted: Apr 4th 2009 | by: BobbyKippHernandez
Total views: 30 | Word Count: 609 | | |

During these harsh economic times, it's stressful enough to think about how to pay for your home mortgage, putting food on the table, and filling up the gas tank. So, as foreclosures reach all-time highs and thousands of people are losing their jobs each month, timeshare owners have actually been billed special assessment fees for hundreds, and in a number of cases, thousands of dollars. When added to rising maintenance fees paid every year, homeowners should consider getting rid of their timeshare(s) before it's too late.

If you are financing your timeshare, you must pay it off as quickly as possible. First, you'll end your interest payments that make your timeshare even more costly. Remember, these interest payments are not tax deductible like the interest payments for your primary home mortgage. Secondly, by having a mortgage on the timeshare, the likelihood of getting an offer is the same as seeing flying elephants. There are simply too many timeshares for sale on the market without mortgages.

It's never been easy for timeshare owners to resell -- a FTC report reveals that over the last two decades, a mere 3.3% of timeshares listed for resale have actually been sold. With the current economic climate, it's even tougher to sell and it can take a long time; during which you'll have to pay for advertising and broker's fees! With those special assessments coming ever more frequently, you can't afford to wait a second longer than absolutely necessary.

Renting does not make sense when you could be invoiced for thousands of dollars in special assessments. You might make some money in rent, but lose money overall without ever going to the timeshare resort yourself.

What's more, charities have known for years that timeshares are not assets. So, many of them have stopped accepting timeshares as donations. Similar to the sale process, finding an organization to even take your timeshare for free will take time. But, time is not on your side when the timeshare bills keep coming.

If your checkbook cannot handle a sudden $1,000+ special assessment with the possibility of future fees, do your best to part with your timeshare as soon as you can. As you have read, trying to discard it yourself may or may not quickly end in success. Meanwhile, the time spent waiting will only build more stress on yourself. So, if you want a fast solution, go to a timeshare transfer company to get relief from your timeshare today.

A timeshare transfer company can get the timeshare out of your name so that you won't be responsible for any further assessments or maintenance fees. Of course, there will be a fee for this service but when compared to the cost of owning a timeshare, it's a small price to pay. The transfer can be done very quickly and once the contract is signed, you won't be liable for any expenses related to the timeshare.

Be sure to go with a transfer company with a long track record. The company should be in business for a minimum of four (4) years. This rule of thumb will eliminate nearly all of the transfer companies that are not looking out for best interest of their customers. Also, check the Better Business Bureau for ratings. No company is perfect and without complaints. But, verify that the complaints on the report are addressed and that the company has a high rating.

Whether you go with a timeshare transfer company or sell it on your own, when you get rid of your timeshare you also free yourself from a financial burden and a great deal of stress. This lets you turn your attention to the important task of keeping your home!

About the Author

Work with the best, most proven and reputable timeshare transfer company in the industry, Timeshare Relief. Discover what over 20,000 other timeshare owners did with their unwanted timeshares. Click on http://www.StressedTimeshareOwner.com or call 866-797-0535, and request a free consultation.

Article Source: Unique Financial Articles

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