Today’s consumers have far more choices to stretch their vacation dollars than ever before. In the past, the choices to travel well were limited and the costs were high. So, timeshare ownership was a viable option. Today is a new day.
The truth is that the timeshare industry is now facing the same challenges as the encyclopedia industry. Years ago families purchased encyclopedia sets to provide access to information to enhance the education for their kids. Families would pay $1800 and more for a set of these valuable resources plus pay for yearly updates. The same was true of a timeshare bought years ago. Families bought to provide more and better value in vacationing for their families.
The world has changed for both industries. Today, with the Internet, would you pay $1800 for a set of encyclopedias? Of course not. You can access information on your smart phone anytime anywhere. The same thing is true for travel. With the Internet, we have travel options that are far more economical and flexible at the touch of a button without the high initial cost of a timeshare plus the ongoing responsibility of maintenance fees. You can find amazing deals on travel on Expedia, Priceline, and now even Groupon among hundreds of others such travel sites. Houses and resort condos can be rented for a week for less than the cost of timeshare maintenance fees all without any future obligations. This has caused most kids to not want their parents’ timeshare. They figure why pay more for less?
With all of the changes in travel options and the Internet, most timeshares have virtually no secondary resale market. People just don’t want to be in debt forever to their timeshare developer. Make no mistake, timeshares are not an asset. They are a debt. When now is the best time to become free of this debt?
If you are ready to divorce your timeshare, give us a call. National Cancellation & Transfer is the nation’s authority in helping families exit their timeshare obligations once and for all. Let us help you whether you still owe on your timeshare mortgage or your timeshare is paid off.
Our consultation is free.