Timeshare Cancellation Blog
In the timeshare industry, truth can sometimes be scarce. The problem is, not many vacation owners notice until it’s too late. There are hundreds of websites out there that serve millions of misleading advertisements geared towards timeshare owners.
Now that this pandemic has reached a point of no return, the general public has started to prepare for the aftermath of an economic crisis. Although timeshare companies were rather quiet during the first few weeks of the nation-wide quarantine, they’ve been adamantly working behind the scenes on a plan to sustain their business model.
Social distancing has been a worldwide phenomenon for more than a month now. Billions of people are grounded, waiting on government aid to revitalize their hope. Now that the Coronavirus has everyone’s attention, certain expenses are being looked at through a different lens – and decisions are being made to a different tune.
Over the past few weeks, we’ve been talking a lot about the realities and possibilities of vacation ownership during a global pandemic. As we head into month two of our country’s attempt to slow the spread of the coronavirus, it’s becoming more apparent this isn’t going to be a temporary thing.
Over the past few weeks, we’ve been sharing a few hypothetical situations that vacation owners should most certainly consider. While it’s still difficult to tell when travel bans will be lifted or the economy will reopen, it’s safe to say that the hospitality industry will incur quite a bit of loss.
A global pandemic isn’t exactly something you can anticipate or really even prepare for. Within weeks, each of our lives have been altered in some way shape or form. No matter how social you were before, we’re all getting used to the disappearance of familiar faces and places.
Although it may be difficult to make a timeshare payment right now, facing reality can help you avoid a number of devastating outcomes. At some point, the resort has to acknowledge the aftermath of a pandemic. Staying in communication with them is the best thing you can do – even if making payments isn’t an option.
Owning a timeshare during this COVID-19 outbreak can be a tough pill to swallow. Especially if you’ve yet to use your weekly interval. Aside from the closing of several resorts, travel restrictions are now in place. But for some, using the timeshare while they still can is a priority. You might even be in the middle of your vacation right now.
As we enter a time in history that most have never seen before, luxury items tend to lose their luster. Although the closing of restaurants and local entertainment venues forces us to avoid indulgence, we’re also forced to look at our expenses. When it’s difficult to obtain basic needs like food, water, milk and toilet paper – our priorities shift tremendously.
When you’re able to control the marketplace with prominent government figures, businesses and investors at your back, greed tends to steer the ship. Before the timeshare market dries up completely, those involved want to make sure they’re able to collect every last drop of potential profits.
Uncovering the intentions behind most timeshare entities is quite difficult. Truth be told, it can be quite discouraging too. There is a lot of noise that overpowers the fact that buyers are suffering while timeshares are thriving. Last July, ARDA reported that the timeshare industry made $9.6 billion in 2017 – more than any previous year.
Last week, we kicked off a blog series that reviews some of the general concerns of the timeshare cancellation industry. Thousands of third party agencies have made a comfortable living targeting unhappy fractional owners with convincing solutions – that sometimes kind-of-help buyers get out of a timeshare contract. Sadly, bowners don’t know who or what to believe anymore..
While the timeshare purchase is sold as an affordable expedition with ideal dates that are too good to pass up – you must understand that you’re still going to pay a premium to vacation this way. Nothing is guaranteed unless it is in writing and you should remain skeptical until evidence is presented or you’ve had time to compare your options.
No matter how good the sales pitch is, you have to take the time to research timeshare exit opportunities. On the surface, many scams seem legitimate, but are really a mirage. Those willing to investigate leadership, employee reviews, past partnerships and the business’ reputation are usually glad they did so.
Hopefully this first installment will help you avoid setbacks and find a viable option that suits you best. While the sales practices of the timeshare exit industry have a long way to go, we want you to know that you can trust our word. The last thing we want is for you to remain in remorse.
Although paying influencers to market a product or service is becoming more common, consumers are starting to see through the noise. But it isn’t stopping many timeshare exit options from paying hefty sums of money to well-known celebrities for endorsements. So, should you believe them?
Floating the idea that buyers can effortlessly resell or rent a timeshare is down right criminal to say the least. But resorts aren’t the only entities that deceive fractional owners. Learn more about the process of leasing timeshare intervals and why it’s risky business for nearly any type of consumer or investor.
After speaking with thousands of timeshare owners over the years, we’ve confirmed that a majority are completely misinformed on the way the resale market works. Some of our clients were even told that purchasing multiple agreements creates multiple revenue streams that’ll cover the purchase while allowing them to travel nearly anywhere.
Most family members absolutely love it when they receive free timeshare accommodations during the holidays. Although limited availability is usually the cause, some owners have excess weeks or a surplus of points that need to be used. This forces them to hand out intervals at the end of the year. While gifting a weekly interval may seem like a fine Christmas gesture, it can also backfire in a big way.
Americans shell out an awful lot of money during the holiday season. The increase in indulgence is fairly apparent. From Black Friday deals to Cyber Monday specials, nearly every product or service looks to take advantage of loose spending habits during this time of year. The distractions give travel companies and resorts quite the opportunity to position timeshare promotions.