Owning a timeshare can be a wonderful experience with several benefits for many families. If that weren’t the case, no one would ever enter into an agreement to purchase a timeshare property in the first place. Still, there are many variables to consider before signing on the dotted line.
By now, we all know what’s involved when we talk about timeshare ownership: brief seasonal ownership of a vacation property at a resort development. It’s an attractive situation for families who vacation regularly and have found the ideal location. Timeshares can be a great way to spend time with family and loved ones, becoming familiar with a particular locale, and creating lasting memories.
Most families really enjoy their timeshares, at least for the first few years. They can be an exciting and convenient vacation option. However, as children grow up, adults grow older, and maintenance fees continue to rise, timeshares often begin to lose their charm. Throw in the rising price of travel and a stagnating economy and suddenly, timeshares may not seem as attractive as they once had. At this point, the life cycle of timeshare ownership comes to a close, as something that initially held a great deal of luster is now considered a burden.
At this stage of ownership, many people begin considering selling their timeshare on the secondary market. Unfortunately, timeshares are not an asset. They are a liability whose value continues to depreciate over time, making a profitable transition difficult at best. Many secondary listing agencies are inclined to make grandiose promises regarding the true value of a timeshare, but the fact remains that the resale market has plummeted and shows no signs of rebounding.
Newton Group Transfers offer no false promises and make no pretense regarding the value of your property. If you and your family can afford your annual fees and enjoy annual use of your property, then your timeshare clearly has value for you. If not, Newton Group Transfers presents the best solution to transitioning out from underneath your timeshare and into a new financial lifestyle. To learn more about transferring your property, please visit Newton Group Transfers or call today at (877) 354-4321.
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