I think, therefore I transfer.

Thursday, December 24, 2009

A Smart Look at the Ways to Purchase a Timeshare

Timeshares can be bought in many ways. The route in which you buy your unit can affect your chances to save some money. Savings is very important these days and perhaps you usually hear stories of many owners who try to get out from their timeshare contracts due to the difficulties of coping up with the fees involved. Meanwhile, timeshares can be bought through a free timeshare vacation presentation, from timeshare resellers or brokers, and through timeshares by owner. In this article, we will discuss each one of these to get a smart outlook in each of these options.

First, you have the free timeshare vacation presentation. Usually, you get a free three or four day weekend at the timeshare resort where you are given a chance to tour its facilities. Then, this is followed by a salesperson making aggressive moves to get you to sign a contract.

Another method is purchasing a timeshare from a reseller or broker. Their role is to bring buyers and sellers together as well as taking care of all the necessary paperwork required for both parties. But this comes with fees that will be added to the asking price when.

Then, buying timeshares by owner can be the best way to save money on a timeshare purchase. With the resale market already flooded, most owners priced their units very low. This can save thousands of dollars than any other method.

Owning a timeshare can be costly due to its increasing annual fees. That’s why many owners want to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart. But as vacation is already a part of the lives of many people and timeshare ownership is one way of the great ways to achieve it, one should consider carefully those ways mentioned above when he/she plans to buy a timeshare.

Wednesday, December 23, 2009

Transfer Smart News: Bluegreen Communities Provides Offers to Convert Timeshares into Land

Timeshare offers sounds fantastic. But many owners are disappointed with the number of disadvantages that they realized later. Thus, many of these owners want to get out of their timeshares. But here’s a news that may provide a better opportunity for frustrated timeshare owners instead of getting rid of their timeshares.

The Bluegreen Communities, the nation’s premier developer of master-planned communities, has created a unique offer that several timeshare owners may not be able to resist. At this time that the value of timeshares is at an all-time low, timeshare owners can convert their timeshare vacation equity into land. Meanwhile, the Bluegreen Communities created a website called Timeshare for Land to help explain this unique opportunity being given to timeshare owners.

Primarily, this offer benefits those timeshare owners who are not getting the most from their timeshares. Due to the rising timeshare costs, many timeshare owners have tried to sell their timeshare or opt in other ways just to get rid of it. The Timeshare for Land can be a perfect opportunity to trade timeshare equity into actual real estate and land by using the equity from your vacation ownership towards the purchase of some of the most attractive land available.

The disadvantages of owing a timeshare especially at this economic climate made several owners want to get rid of such property. Some owners are very eager to get rid of it that they even hire a timeshare transfer company such as the Transfer Smart. But the recent offer of Bluegreen Communities is a great opportunity for these owners to convert their timeshares into a better investment such as real estate and land instead of selling it at a very low price or just plainly get rid of it.

Tuesday, December 22, 2009

How to Deal Smartly with Aggressive Timeshare Salesmen in Bali, Indonesia

The timeshare industry is known for the aggressive salespeople who will do everything just to make potential consumers sign the contract. But since economy is down since 2007, many are not interested in owning a timeshare anymore while the current owners are also trying to get out of their timeshare contracts. So what you expect from the timeshare companies and timeshare salesmen is a much aggressive tactics up to the point of being unethical. Such sales tactics also threatens the Bali's tourism sector.

The timeshare spotters at Bali's airport look for sign boards from travel agencies and hotels bearing the guest's name and their hotel's identity. Such information is later used by the timeshare operators to telephone the subject hotels and establish contact with guests.

However, when visiting Bali, here are some practical measures to deal with timeshare operators if ever they interfere your holiday vacation.

First, keep your hotel name a matter of private information when you stay in a hotel. If you receive unwanted phone calls, try to contact the hotel's management and ask them to screen your incoming calls. Meanwhile, if a timeshare representative approaches you and becoming bothersome, you can ask their company to cease and desist in their bothersome behaviour. Moreover, if you are confronted by timeshare salesperson who just won't go away, snap a picture with your camera or your hand phone and tell the salesperson of your intent to make a formal complaint.

At these times, there are several owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart. While the number of these owners is increasing, the timeshare salespeople are also becoming more unethical just to make a deal. On the other hand, to avoid being a victim of the rudeness of timeshare salesmen when visiting Bali, try to consider those points mentioned above.

Monday, December 21, 2009

A Smart Glimpse on the Disney Vacation Club as an Alternative to Timeshare

As many owners have testified, buying a timeshare often involves a large upfront fee. In addition to that, the owner will have to pay the annual maintenance fee, property taxes, management fees or upgrade costs. Because of these fees which usually increase over time, many owners want to get out of their timeshares. On the other hand, those who vacation regularly find new alternatives and the latest of which is one in which someone can buy a membership to a resort.

A resort membership is typically a one-time investment by paying the membership fee only once and you can enjoy the benefits of the resort lifelong. With this, there are typically no annual maintenance fees or taxes. However, be warned that resort memberships can be pricey.

One of the most popular resorts these days is the Disney Vacation Club. But before buying a membership from this resort, you should understand how the program works to avoid misunderstandings and disappointments.

The Disney Vacation Club is a vacation ownership program where you are allowed to buy a designated number of points that you can trade in each year for vacation accommodations at your designated home resort. Meanwhile, points are the currency of the Disney Vacation Club. You must buy a minimum of 160 points and each year, you are awarded the initial number of points you bought with the program. These points can then be trade in for vacation time. Your home resort on the other hand, is the resort where you buy your membership.

As owning a timeshare is becoming too costly at these economic times, many owners are trying to get rid of their timeshares. Some of them even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. However, a great alternative for timesharing is the resort club membership and the Disney Vacation Club is one of the most popular of these resorts.

Friday, December 18, 2009

Transfer Smart News: Condo Owners in Biloxi Convert their Units into Timeshares

As the economic meltdown broke out in the late 2007, almost all industries were affected by this severely. One of these industries is the accommodation industry which includes hotels, motels, timeshares and other lodging services. In the timeshare industry alone, many owners try to get out of their timeshares due to its increasing costs and the corresponding sales also are very low. But as the aftermath of the crisis continue to affect everyone else, some people manage to innovate some things in order to withstand this condition. In Biloxi, a city in Harrison County, Mississippi, as the current condo sales and rentals are so slow, the owners at The Villas at Ocean Club are considering timesharing as a way to keep their units and make up for the loss of their investment.

On the other hand, the Biloxi Planning Commission agreed for the proposal to change the use of the beach front tower from condominiums to timeshare units. According to Attorney Michael Cavanaugh, there won’t be any structural changes to the building and those property owners who want to stay in the building don’t have to join the plan to partner with Interval International to market and manage the units. He also added that the condo market has tanked in this area and may not be coming back anytime in the foreseeable future.

As one of the owners testified, converting to timeshare would almost double the value of their condo units and the timeshare company would pay for some of the maintenance and repairs at the property. However, the conversion of the said condo units to timeshares might be a good innovation for the condo owners in Biloxi but potential timeshare owners must also be warned of the financial responsibilities of timesharing. As a matter of fact, many owners nowadays are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property.

Thursday, December 17, 2009

Be Smart, Be Aware of Timeshare Sales Laws

A timeshare purchase is not an ordinary purchase that you can just take for granted. It involves a considerable amount of money and also of financial responsibility. Once you realized you have a mistake in your decision to purchase, it is not that easy to get out from your timeshare contract. So, take a careful planning and gather enough information about timeshare if you intend to own one. Meanwhile, some of the aspects that you have to be aware of when you own a timeshare are the laws regarding timeshare sale.

First, be informed that almost all states in US have a rule of rescission. This is the time period in which the buyer can change his mind and cancel the sales contract without forfeiting any money.

Also, some states like Florida have timeshare laws that may give a deed purchaser some overall insight into the types of laws that surround sale of timeshare property. To be sure, check with the particular state regulating agencies where the timeshare property is located for more complete information.

Another law to be aware of is the Interstate Land Sales Full Disclosure Act. This act was designed to protect consumers from fraud and abuse in the sale or lease of land.

Be smart if you plan to buy a timeshare and be aware of those points mentioned above. Do not be like those other timeshare owners who are now trying to get rid of their timeshares because of unplanned and uninformed purchase. Some of these owners even hire a timeshare transfer company such as the Transfer Smart. Moreover, it is also advised to not sign a contract with a timeshare reseller until you have all of the written contract details in hand to review ahead of time and preferably with an attorney.

Wednesday, December 16, 2009

Transfer Smart News: Nomadic Travellers Opt for Destination Clubs than Timeshares

Before, timeshare ownership was regarded by many as the ultimate way for a great vacation. However, as several who are trying to get out of their timeshares testified, there are a number of disadvantages with this kind of vacationing. But seeing the vacation business as a multi-billion dollar industry, there are always new alternatives and concepts coming out. One of these latest concepts is the destinations club memberships.

According to the travel industry experts, there’s an estimate of 6,500 people that belong to destinations clubs. With an initial fee ranging from $70,000 to 450,000, annual dues and a minimal charge per night, the destination club members can already access to homes dotted around the world for a limited numbers of days each year. In contrast to timeshares in which investors buy set times at a resort each year, destination clubs are similar to country club membership.

According to Rich Keith, co-CEO of Ultimate Escapes, the first publicly owned and publicly traded destination club, destination club membership is a nomadic traveller’s product. The number one driver for these offers is its ability to have a sense of wanderlust and be nomadic. Keith also believes that even in the U.S. and Canada, the expansion potential is enormous and the current members represent only a tiny fraction of the potential market.

Today, there are thousands of owners who are trying to get rid of their timeshares. Some of them even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. On the other hand, destination club membership is well-received by a lot of consumers as a great alternative to timeshares. However, some critics warn that destination clubs are not without risk and the industry is self-regulated. There have also been bankruptcies and law suits filed against clubs.

Tuesday, December 15, 2009

Transfer Smart News: Awareness on Timesharing Still Growing

Primarily, the concept of timesharing was born due to its ability to cut vacation costs and make it affordable for the average consumers. However, this is not the case today. Many owners nowadays are having difficulties coping up with those annual fees and thus, want to get out of their timeshare contracts. Upon weighing this type of vacationing, there are a number of advantages and disadvantages that you can possibly cite. But what is clear today is that timesharing have become a trend and is gaining popularity for many people. As a matter of fact, a new survey has found that awareness of the different forms of timesharing continues to grow among Americans despite the difficult economic conditions.

The Ypartnership 2009 National Leisure Travel Monitor, who conducted the poll have found out that nine out of 10 travellers are now familiar with the concept of timesharing. According to Peter C. Yesawich, chairman of Ypartnership, the study's results reaffirm the inherent appeal of vacation ownership as both a desirable alternative to conventional lodging and a terrific value relative to its cost. The survey also revealed that the American travellers continue to view timesharing as a desirable alternative to conventional vacation accommodations such as traditional hotels and resorts while 15% reported owning vacation time.

Since the economic downturn broke out in the late of 1997, the timeshare industry is reaping a negative image from most consumers. The recent crisis also made most owners want to get rid of their timeshares due to increasing fees. Some of these owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. But despite these, timesharing is still viewed by many as a great to vacation. And given preferable economic conditions, many consumers would still opt for this form of vacationing.

Monday, December 14, 2009

Pondering Smartly the Negative Effects of the Changes in Timeshare Industry

Currently, almost everyone is already warned or aware of the disadvantages of owning a timeshare. Seeing cases of owners who are trying to get out from their timeshares is enough for a warning for most consumers. However, as the timeshare industry is considered very dynamic, there are changes every now and then. What’s frustrating is that these changes made things very difficult for timeshare owners.

Today, many timeshare owners have been frustrated with the results of their timeshare ownership. A lot has already changed in the industry since the day of their purchase. If before, timeshares sound like an investment today it is not the case at all as such property is very hard it is to sell contrary to what their salesperson had told them before.

Another big change in this industry is the availability of travel through other means. With the advent of the internet, a lot have changed in the travel industry. It was said that one had to be a timeshare owner to be able to stay at a timeshare resort. Today, that is no longer true. Alternatives for this includes renting, vacation club membership or even through trial vacations.

One important change to consider when buying a timeshare that can be discouraging to any consumer is the maintenance fees. Owners are billed every year for their yearly dues. These fees generally increase tremendously every year. These ever-increasing bills continue to rise for most resorts until the owners pay beyond its worth.

Nowadays, many owners want to get rid of their timeshares. Some of these owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. By citing the changes in the timeshare industry, it might help inform the owners or potential owners about the possible effects of these in their ownership.

Friday, December 11, 2009

Rating a Timeshare Resort Smartly

Timeshares can be a significant purchase for many people. In many cases, a timeshare resort can exceed your expectations. On the other hand, they may fall short of standards that made the owners want to get out from their timeshare contracts. By rating a timeshare resort smartly, you can inform the other prospective buyers which resorts to go for, and which must be avoided.

You may begin by making a list of what you expect from your timeshare based on the materials you have read. By clearly defining your expectations, it will help rate this timeshare later. If something pops into your head as you visit your timeshare, scratch it down in your list. Then, review your list. As you drive home, consult your family and friends who were on the trip and determine what met their expectations, what impressed them and what disappointed them. Lastly, you can use your notes to rate your timeshare resort. Your rating can be a scale of one to five stars or a scale of one to 10.

Each timeshare have each its pros and cons. But as what it appears these days, the disadvantages outnumber the advantages in owning a timeshare especially in this down economy. As a result, many owners want to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. But by rating your timeshare, you can warn and inform other potential owners that might be your friends, family members or anyone that you encounter along the way regarding the ups and downs of your timeshare resort. In this way, you can help them optimize if ever they’ll buy a unit in the same timeshare resort as yours.

Thursday, December 10, 2009

Transfer Smart News: Increasing Foreclosures in Texas Includes Mostly Timeshares

Currently in US, the state of Texas ranked 24th in the nation in foreclosures. This is up slightly by more than 2 percent from October, when the state ranked 28th. Locally, there are 10 home and 15 vacant lot foreclosures which were reported for November in Comal County. This also includes timeshares as evident by those owners who fail to pay and thus want to get out of their timeshares. In the said county, there are 47 foreclosures on timeshares.

The above-mentioned figures are higher than it was a month ago and it is nowhere near the highs recorded this summer. Meanwhile, Nevada, Florida and California have the highest foreclosure rates for the country. Of these, Nevada leads the nation, with one in every 119 housing units receiving a foreclosure filing.

On the other hand, according to RealtyTrac, Inc., the states of California, Florida, Illinois and Michigan accounted for more than 50 percent of the national total. In the case of Comal County, the increase in overall activity was caused by the high number of timeshare foreclosures. As Curtis Koehler of the Comal Appraisal District said, the numbers are high every month and they have people come to their office every month because of timeshares.

One of the most common questions about timeshares is what will happen if you stop paying the maintenance fee? This is usually asked by owners who are having difficulty keeping up with their timeshares. The consequence of that is timeshare companies will foreclose on your timeshare and this will wind up on your credit report. That’s why many owners want to get rid of their timeshares properly by hiring a credible timeshare transfer company such as the Transfer Smart. In this way, they can legally exit from their timeshares without hurting their credit reports.

Wednesday, December 9, 2009

Transfer Smart News: Marriott Says Timeshare Sales 2009 will be Slightly Better

The recent economic meltdown had a drastic effect on every business including the timeshare industry. This did not only make several owners want to get out of their timeshare units but also make most consumers to resist in owning such property. But as most countries are on their way to economic recovery, there is still a light at the end of the tunnel for the timeshare industry.

The said recovery is evident as Marriott International, Inc., a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities said that it expects to add approximately 38,000 rooms to its worldwide lodging system in 2009 thereby raising its guidance of 33,000 gross room additions for 2009 provided in its third quarter earnings.

The company also said that the systemwide revenue per available room (REVPAR) outside North America for the fourth quarter of 2009 should decline 14 to 16 percent. On October 8, the company have provided guidance of a 16 to 18 percent REVPAR decline for the fourth quarter of 2009 year-over-year for comparable systemwide hotels outside North America on a constant dollar basis. Also, a 13 to 16 percent REVPAR decline for comparable systemwide hotels in North America.

For its timeshare business, Marriott expects the contract sales of timeshare intervals in the fourth quarter of 2009 to be slightly better than the guidance of $185 million to $190 million the company provided on October 8. On the other hand, the successful completion of a note sale securitization during the current fourth quarter, with $37 million gain should enable Marriott's timeshare segment to outperform its expectations.

Currently, despite the number of owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart, there are already signs that shows that the timeshare industry is on its way to recovery.

Tuesday, December 8, 2009

Transfer Smart News: Chinese Travellers Warned of Timeshare Frauds

Nowadays, timeshare scams did not only gain the attention of people from top vacationing countries like US and UK but also to the other parts of the world. In China, Beijing citizens looking to travel abroad during this holiday season are being warned by local government to be cautious of timeshare vacation offers. Although timeshares become unattractive due to scams and many owners try to get out of their timeshare contracts, there are still many potential consumers including the Chinese citizens who will be interested in this form of vacation package.

According to Liu Dazhong, head of the consumer rights protection department of the administration, consumers might be cheated by lucrative promotions like 'traveling around the world' or 'buying timeshare services as an investment.' He added that sometimes timeshare companies boast that consumers can purchase the rights to use a hotel resort for 20 years, but then disappear with the cash. Liu stressed out he wants to slow the growing number of consumers being cheated by scams with elderly people emerging as the largest target group.

As part of the administration's month-long campaign to warn consumers about timeshare scams that was launched last weekend, as many as 260 notice boards were set up in busy shopping malls like SOHO Shangdu and The Place.

The concept of timesharing was quickly adopted by developers worldwide. While many were lured into this form of vacationing, many owners are also having difficulties with their timeshares due to its number of disadvantages. As a result, these owners want to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart. Unlike the timeshare industry in countries like US which is now mature, the Chinese market continues to lack regulation and its consumers must be warned to fall trap into these frauds.

Monday, December 7, 2009

Smart Timeshare Professional Criticizes the Industry for Inadequate Information to Owners

Timeshare ownership is considered a major decision that needs careful evaluation before its purchase. Recently, a 20-year industry professional Dr. Peter J. Shield PhD, ARP criticized the timeshare industry for not adequately educating their owners on the benefits and the liability associated with the purchase of their products. As we can see these days, there are numerous owners who have difficulties paying with their timeshares due to inadequate information with its advantages and disadvantages as well. As much as these owners want to get out of their timeshares, they can’t do so as they have already fallen into the so-called timeshare trap.

In his new book "Timeshare....you bought What?" Dr. Shield explains the many options available to an owner who may wish to sell or rent their unused membership. Those planning or involved in a career in the industry will also get a better understanding of the product they are selling from Peter’s 20 years experience in the industry.

Currently, rescission rates are at an all time high not only due to the economy but also to the fact that many timeshare owners are left without assistance and guidance on meeting their obligations. In addition, timeshare ownership is not economically viable for families with limited resources or family commitments.

Nowadays, many current owners are not fully aware of their decisions in owning a timeshare. As there are a number of liabilities involve in timeshare ownership, in most cases, these owners may find difficulties later on. Take note that there are thousands of owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. So, if you plan to own a timeshare, do your own part to research the necessary facts about it.

Sunday, December 6, 2009

Transfer Smart News: Starwood Announces Timeshare Deals

Despite the forecast that the coming months will still be stiffed for the timeshare industry and there’s an increasing number of owners who are trying to get out of their timeshare contracts, some companies continue to invest in such business. One of these companies is the Starwood Vacation Ownership VOI Mortgage Corp. which has announced that it is coming to market with $166 million in vacation ownership interest loan-backed notes Series 2009-B.

According to a presale report, the Standard & Poors assigned the bonds which are due in 2028 with a preliminary A rating. The SVO helped its case by overcollateralizing by 17 percent. The deal is scheduled to close this week and the bonds are expected to be one class and fixed-rate.

On the other hand, according to S&P’s presale filing, the preliminary rating assigned to SVO 2009-B VOI Mortgage Corp.'s vacation ownership interest loan-backed notes series 2009-B reflects their view of the credit enhancement available in the form of overcollateralization, a reserve account, and excess spread. Moreover, SVO operates vacation resorts and is a wholly owned subsidiary of Starwood Hotel & Resorts Worldwide, Inc.

Timeshare sales can be a very lucrative business. Despite of the several current owners who are getting rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart, timeshares draw in a great deal of income because they essentially sell the same structure to several people with the price dependent on how much time each buyer will occupy the premises and whether it is during peak season.

Thursday, December 3, 2009

Selling a Timeshare Smartly by Knowing Its Legal Grounds

Due to the disadvantages of timeshare ownership and the recent economic meltdown, many owners want to get out of their timeshares. While selling it is still the number option to get rid of it, there are the legal matters that you have to be aware of in doing so.

First, know that deeded and leased properties are the two most common types of timeshares. If the property is deeded, it is owned by the purchaser and never expires. It can be sold, transferred or even given away as a gift. The signed deed is recorded with the county where the timeshare is situated. A leased property on the other hand, gives the purchaser a set period of time to use the timeshare. With this, the developer or owner of the timeshare resort is actually the owner of the deed.

There are various kinds of deeds you can use to sell a timeshare. A seller can get a deed form in an office supply store or through the local clerk of courts. A quitclaim deed is the most convenient and is usually used when transferring the deed to relatives. Such deed is recorded by local officials when signed by each party. When not dealing with relatives or timeshare resorts, a warranty deed may be used. This kind of deed guarantees that the buyer has a clear title to the property and that the seller has the right to sell the property.

While there are some owners who hire a timeshare transfer company such as the Transfer Smart just to get rid of their timeshares, many of them opt to sell it first before considering other options. On other hand, when selling a timeshare, you must know the legal grounds of it to have a precise and successful deal.

Wednesday, December 2, 2009

Transfer Smart News: Non-Profit Organization Setup a Helpline That Assists the Timeshare Consumers

TATOC, a non-profit organization, was formed in 1989 as a networking company for appointed members of timeshare committees. Currently, it has 70 resort members that represent over 250,000 timeshare owners across Europe and is sponsored by some of Europe’s leading timeshare companies. One of the main objectives of this organization is to help the owners especially those who are having issues with their units and those who want to get out of their timeshare contracts.

One of the organization’s latest projects is the free Consumer Helpline, which operates from Manchester, UK. The said Helpline takes over 600 calls and 80 emails a month from consumers seeking timeshare assistance. Moreover, it is supported by a software solution which provides statistics and reports that aid company marketing and promotions.

According to Harry Taylor, CEO of TATOC, the organization is growing all the time and the Helpline is proving to be a great success. As the organization was looking for software that was flexible to handle every element of their operation, they decided to have the Merlin Software which comes with a full accountancy package so they will be able to run everything on one system rather than using multiple programmes.

Today, most owners have various concerns regarding timeshare ownership up to the point of wanting to get rid of such property. Some owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. TATOC’s latest effort would be a great benefit for timeshare consumers by giving assistance to them.

Tuesday, December 1, 2009

Transfer Smart News: Timeshare Dealer Files for Bankruptcy for the Second Time

The global economic crisis is a ghastly event for each and every business in every country throughout the world. In the timeshare industry, this did not only results to low sales but also made the timeshares unattractive to most consumers. On the other hand, the current owners also are trying to get out of their timeshare contracts. The timeshare companies in their pursuit to survive during this chaotic time are doing numerous cost reducing and other restructuring measures. But for those who are unlucky to withstand this economic climate cannot escape the final blow to file for bankruptcy.

One such vacation timeshare company in Redington Shores filed for bankruptcy six years after it originally filed for Chapter 11 reorganization. Starco Ventures Inc., which lists its directors as Calypso Vacations Ltd. of Freeport, Grand Bahama, filed for Chapter 11 reorganization with the U.S. Bankruptcy Court’s Middle District of Florida last Nov. 25. It claims assets and liabilities of up to $66 million.

According to the court documents, Starco’s top unsecured creditor is GEM Capital Ltd. and Resort Capital Ltd. of Freeport for $65 million. GEM Capital held the mortgages on the timeshares operated by Starco, and as part of a 2003 bankruptcy proceeding by Starco, it was set to take title on units Starco owed money on. Under the agreement, Starco can continue selling timeshare weeks but would receive only 50% of the net sale price. The other half goes to GEM and its assigned owners.

While a number of vacationers refuse to own a timeshare and opt for other alternatives, the current owners on the other hand are trying to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. These results to low sales for most timeshare companies and unfortunately some did not make it and consequently filed for bankruptcy.

Monday, November 30, 2009

Transfer Smart News: Timeshare Company Hosts Monthly Auctions in South Florida

Despite the negative impact of economic downturn on timeshare ownership and many owners trying to get out of their timeshare contracts, the housing recovery is back in the United States. Also, the sales of timeshare properties in South Florida are beginning to bounce again. On the other hand, the Century Timeshare Group has kicked off its efforts to help the timeshare owners sell their properties at auction.

According to Robert Johnson of Century Timeshare Group, they have created a multi-million dollar showroom that will soon be hosting monthly auctions for private investors looking to purchase great South Florida timeshare properties. He added that the market is rebounding right now and there is strong interest from investors looking to purchase these great properties.

As the nationwide housing recovery continues and private investors look for deals around the country, the timeshare industry is undergoing a rebound. With South Florida as an area with a deep vacation and investment real estate property market, the timeshare market has already attracted a number of interested buyers.

However, Johnson stressed out that customers do their homework and deal with a firm that has strong knowledge of the South Florida timeshare marketplace. The move made by the above mentioned company is a big help to those owners who want to sell their timeshares. While a number of owners just plainly get rid of their timeshares and even hire a timeshare transfer company such as the Transfer Smart just to get rid of it, they can avail of those monthly auctions and have a greater chance of selling their timeshare units.

Friday, November 27, 2009

Transfer Smart News: Resale Company and Developer’s Teamwork Benefits Timeshare Owners

Recently, the established working partnership of Sell My Timeshare Now with InnSeason Resorts is expected to eventually help the timeshare owners resell their units that no longer fit their lifestyle. The teamwork of the two companies aims to assist those owners who are trying to get out of their timeshares by selling it.

As William Curran, Chief Executive Officer for InnSeason Resorts, explains, life changes and a family’s vacation needs change too. The timeshare owners are looking for a secure way to resell their timeshare. As Sell My Timeshare Now listens to timeshare owners, it offers them realistic ways to sell timeshare that no longer fits their lifestyle.

Meanwhile, the timeshare owners at InnSeason Resorts who want to resell their timeshares benefit this because their timeshare company has established a special working relationship with Sell My Timeshare NOW, making it easier for them to resale their timeshare. This also means that for timeshare owners who want to buy timeshare resales, it is much better to buy units at the said developer.

Today, there are thousands of owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. Many of these owners are still eager to sell their units but realized how hard to do it. The teamwork of the above mentioned timeshare resale company and developer fills the gap and strengthens both the timeshare industry for the development and sale of new timeshare and for timeshare resales. Moreover, this is a move that benefits timeshare owners most of all.

Thursday, November 26, 2009

Smart Steps on Filing a Timeshare Dispute

A number of owners who had purchased a timeshare regretted their decision to own such property later after they have signed the contract and thus, they want to get out of their timeshare contracts. However, if you sign a contract and realize you made a mistake or want to back out from the deal, you can alter your decision by filing a dispute on a timeshare.

First, make copies and fax your dispute as soon as you decide you want to back out of the deal. Usually, most states and countries have a rescission period which you can cancel a timeshare contract. But unfortunately, not all states or countries have these rules.

Then, send a copy of your dispute immediately to your credit card company as well. They may honor the request and refuse payment. If payment has been transferred to the seller, then they will have to issue your credit to your account.

You can also have an attorney if your wishes are not honored or if you feel you have been ripped off. Calling the Better Business Bureau in the US for assistance may also help your dispute. Moreover, keep after the credit card company to give you a refund if ever you got scammed. They can go after the scammers effectively than you do.

If you’re an owner who regretted the decision to own a timeshare, then, you’re not alone. As a matter of fact, there are also several owners with this case who want to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. By following the above mention steps, you have a chance to recover your payment if ever you realized that a timeshare is not meant for you.

Wednesday, November 25, 2009

A Smart Look at the Timeshare Industry and Its Financing Options

Today, it’s a known fact that there are several owners who want to get out of their timeshares mostly due to financial reasons. With the down economy these days, the timeshare companies are figuring out where they will obtain the financing necessary to help the consumers make their purchases. As still many people like the idea of timesharing, financing can be a way to own such property and the vacation industry wants them to have it to continue its sales.

Looking at many of the vacation ownership companies in the world, they have added financing options to make purchasing attractive to potential owners who tour their properties. As a matter of fact, some companies are offering financing options which will help the buyers with money towards their initial deposits and give them time to pay for the deposits.

Based on the credit markets, lots of companies are determining the credit worthiness of those purchasing with them and there are different financing possibilities based on credit ratings. The best credit-worthy buyers are often able to get better financial terms than those whose scores don't rate so high. It is more common now for companies to determine the credit worthiness of the vacation ownership or timeshare buyer and to offer more competitive financing rates to those with the best credit ratings.

Currently, timesharing is becoming unattractive as many owners are having a hard time keeping up with its costs. As a matter of fact, thousands of owners nowadays are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. On the other hand, financing is important in this industry to keep the sales flowing and make it available to interested consumers.

Tuesday, November 24, 2009

Smart and Convenient Timeshare Transfer - List Your Unit on eBay

At these modern times, with the advent of technology, there are already many convenient ways to get out of your timeshare. The modern technology broadens the opportunity to sell this kind of property. One of these ways is selling on eBay, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. However, if you are a neophyte in this kind of transactions, you should equip yourself with the needed knowledge on how to sell your unit online.

First, understand your timeshare. This includes reviewing the legal documents you have agreed upon when you have signed the contract. In selling your timeshare, you must also give the buyers all the information they need. This may include what kind of timeshare you have, its amenities, the address, contact number and pictures of your unit or resort.

Now, when you list on ebay, go to its website and click sell. When asked which category to list in, you can list under “timeshares.” It will be about $50 listing fee for 30 days. You can also list under "Everything else," then, choose "membership." This is a much lower fee which maybe $4 and the listing lasts a week. The good thing about this is you can afford to start high. If it doesn't sell in the first week, relist lower.

There are several owners who are getting rid of their timeshares nowadays. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. For whatever reasons why you should sell your timeshare, it’s no wonder that it can be a daunting task. With the latest of the technology like the internet, it will aid owners like to sell your timeshare more conveniently.

Monday, November 23, 2009

Surrendering a Timeshare - A Smart Option to Cut Off Its Ownership

Acquiring a timeshare can be a great idea. However, with a number of its disadvantages, some owners can’t stand to lose money in maintenance fees and other costs and thus, want to get out of their timeshares. One of the few ways to get out of timeshares is to surrender it in a bankruptcy.

To give up your timeshare, first, review your timeshare agreement. The agreement may consist of clauses that cover situations in which you might want to give up your rights to use such property in any way. It’s also better if you assess your options for giving up the timeshare. You have the option to sell it or include it in a bankruptcy filing. If you opt to sell, expect to get a price that is lower than the amount you originally paid for it.

Importantly, you must talk to a lawyer about bankruptcy options. Be aware also of state laws pertaining to timeshare agreements. Under the law, timeshare owners have the right to surrender their rights to use real property following certain regulations, such as providing proper notice to the owner of the real estate. Then, notify the owner or the company that holds the deed to the real property about your intent to surrender your timeshare.

Many timeshare owners today can no longer afford the maintenance fees and other costs. As a matter of fact, there are thousands of owners who are trying to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. While selling it is still the most popular option for most owners, including it in a bankruptcy filing can also be the way to eliminate the costs associated with such property.

Friday, November 20, 2009

Knowing Smartly the Policies and Procedures to Prevent Timeshare Transfer Problems

A number of owners have testified that the reason why they have jumped off to a timeshare deal was they have been swayed during the sales presentations. Most of these did not anticipate what they’re getting into and later on, they’ll face the unavoidable situation where they have to get out of their timeshare contracts. On the other hand, when you buy a timeshare, make sure you read carefully and understand what was stated on the company’s policies and procedures to avoid future conflicts.

When you make a major purchase, sometimes there is a buyer's remorse that will set in and you start to doubt what you have done. By reading the policies and procedures stated in the manual, this allows you to match up what you were told by your sales rep and the closing agent.

Also, you can go to the timeshare company website and review policies and procedures on their site. You can look at things like how to make a reservation, how to exchange, how to cancel a reservation, any additional costs or fees required, and how to make a guest confirmation. In addition, you should also review how to do your taxes before tax time, and what happens to your points, or week if you do not use it that year.

A timeshare purchase is considered a major decision. Many of the owners who did not look at the policies of their timeshares prior to buying it end up dissatisfied with their units and thus, want to get rid of it. Some may even hire a timeshare transfer company such as the Transfer Smart. So, if you just have bought a timeshare, take the time to review what you have done to ensure that you have a complete understanding of what you own.

Thursday, November 19, 2009

Smart Tips to Find Renters for Your Timeshare

While some owners try to get out of their timeshares by selling it, some have found an alternative way to get the best of it through a timeshare rental. However, finding renters for a timeshare can be sometimes difficult depending on how much time you have and where your timeshare rental is. In this article, we will discuss some ways how get a renter for a timeshare.

First, you must determine how much rent to charge. You can use a baseline rental price from your own resort as most them have rental programs of their own and will be able to quote you an estimate. Also, advertising is important to let the people know about your timeshare. You can advertise in newspapers, magazines and on the Internet. Some websites let you list timeshare rental opportunities for free in their classifieds section.

More importantly, you must draft a rental agreement. The person you will be renting to must be at least 21 years of age, have a valid copy of their driver's license and must your rental agreement.

In addition, you should get 100 percent of the money upfront. This will ensure you that you will not lose money as some renters back out of an agreement at the last minute. A ten percent security deposit is also advisable. This is to ensure that the renter maintains a certain level of cleanliness and obey what is being agreed upon.

Currently, there are many owners who try to get rid of their timeshares while some hire a timeshare transfer company such as the Transfer Smart. But for those who still have the property as it cannot be easily get out from, renting can be a good alternative as you can recover some costs that you incur from it or you’re earning while waiting for a deal to get rid of it.

Wednesday, November 18, 2009

Smart Ways to Avail of a Timeshare Bargain

Generally, timeshares are marketed by real estate brokers and companies that specialize in this market exclusively. But as most people are aware of the financial plights of those owners who try to get out of their timeshares, they look for bargains to purchase such property at a lesser cost. However, to find bargains, you need some research skills and business acumen as well. In this article, we will consider a few ways to get a timeshare at a bargain price.

First, you must assess your vacation housing needs. Knowing what you really want for a timeshare and why you want it will lead you smoothly to getting a bargain price. A list of desired amenities that you would like to be included in the purchase will also help. Then, you can look for advertisements for timeshare sales in major classified ads. You can also visit the websites of reputable national realty companies that handle timeshare. With this, you can compare the price differentials by size, location, season and amenities.

After that, check the exchange options and cost of membership and fees for the exchange service. A certain timeshare location combined with a low cost exchange option can significantly reduce your overall cost for timeshare ownership. Moreover, watch out for scams as it is prevalent in this industry. Lastly, ask about discounts for larger down payments and arrange to finance fewer payments over the life of your timeshare ownership.

Perhaps we have often heard of owners who have financial difficulty paying their timeshares and thus, try to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart. As timesharing becomes unattractive these days, you can still avail of it without or with lesser financial burden by purchasing such property through a bargain price.

Tuesday, November 17, 2009

Smartly Transfer Your Timeshare Ownership as a Call to Frugality

Nowadays, many workers are getting laid off, a lot of companies are experiencing bankruptcy and almost everyone is cutting back expenses. This current state of the economy isn’t just happening in the US alone but it’s a global phenomenon. In this belt-tightening times, it is not practical to own properties that doesn’t provide you much returns and those that are more likely considered a liability rather than an asset. An example of such property is a timeshare. If you have one, it will do more good if you get out of your timeshare contract.

However, in this crisis times, disposing such property can really be difficult. But here are some ways that might help you get rid of it. First, have someone to share the ownership with. This will lessen the burden of paying the hefty cost and you’ll also be able to have someone to share the payments with.

Also, in order to make your timeshare resale sell, you have to make it attractive to potential buyers. You can do that by giving add-ons, bonuses and freebies. This will give the impression that the timeshare is resold at a bargain.

Moreover, reduce your timeshare resale rate. Generally, you have to drag down your price to compete other many timeshare units offered in the resale market. In this way, you’ll drive buyers to gain ownership of your timeshare.

Owning a timeshare can be a way to relatively enjoy life but this comes with fees that you cannot get away from. That’s why many owners nowadays are trying to get rid of their timeshares while some even hire a timeshare transfer company such as the Transfer Smart. For those who still own one, not unless you get rid of it, only then you’ll be relieved.

Monday, November 16, 2009

Sweden Attractions Opened as a Smart Move to Entice Timeshare Tourists

While the current economy hasn’t fully recovered yet from the crisis that broke out in the late of 2007, the timeshare industry is still affected resulting in low sales. Added to this, there are also many current owners who are trying to get out of their timeshare contracts. This may mean that most of these owners are dissatisfied with their timeshare units. With these, the timeshare companies must look for innovative ways to attract consumers. In Sweden, new tourist resorts and attractions were opened in a bid to entice European tourists, including timeshare owners.

According to VisitSweden's report, there will be a range of new restaurants and attractions opening up all over Sweden in addition to new city breaks. This includes the opening of Fotografiska, a photography museum in Stockholm, and the Stockholm Skyview, which is the largest spherical building in the world. VisitSweden pointed out that there will be something for everyone this winter. The said report was launched as part of the World Travel Market held in London this week which also features exhibitions from a number of different countries across the world.

On the other hand, Sweden is considered a popular travel destination for many European travellers and recent figures released by the UK Foreign and Commonwealth Office reveal that from the UK alone, more than half a million holidaymakers visit Sweden each year.

Nowadays, people tend to be more cautious of their spending. For the timeshare consumers, it’s not a question of whether they still like the idea of timesharing. It’s a matter of how the costs are worthy of those timeshares. While there are many owners who are getting rid of their timeshares and some even hire a timeshare transfer company such as the Transfer Smart, it’s not impossible to invite timeshare consumers if there are new attractions and innovative ways that they could benefit from it.

Friday, November 13, 2009

Smart Tips on Buying Timeshares on Auction Websites

Traditionally, people go through brokers or real estate companies to buy timeshares. But with the latest of technology today, buying timeshares through internet auctions has become the newest trend. On the other hand, we often hear some unfortunate stories about people being scammed into buying timeshares. Some of the scams involved units which actually do not exist. In some cases, the quality was not as they promised and as a result, most owners want to get out of their timeshares. Such happenings lead to the emergence of internet auction sites for timeshares.

With the internet auction sites, it allows users to buy and sell timeshares. These sites charge absolutely no upfront fee to put your timeshare on sale or to bid on timeshare sales. They charge after the bid is successful.

However, there a few points to kept in mind in order to have successful timeshare bidding. First, try to establish a communication with the seller as soon as possible and know whether the seller is responding well to your queries or not. Be cautious also of the frauds and scams as the internet is no exception of these.

More importantly, find out the complete information about the property in advance. This includes the location, amenities, the price, the exchange privileges, and other important things that may affect your timeshare ownership. Do not hurry whether you lose or hurry, there may be a better property in waiting for you to bid. Remember that many people purchase a timeshare and a considerable part of them end up being unhappy with their ownership. Consequently, most of the unhappy owners try to get out of their timeshares while some even hire a timeshare transfer company such as Transfer Smart just to get rid of such property.

Thursday, November 12, 2009

Smart Checklist about Timeshare Repurchase

Nowadays, there are more people who are trying to get out of their timeshares by selling it than there are people looking to buy one. If you've bought a timeshare some time ago and now thinking of repurchase, then you're joining a number of individuals who have the same purpose. Whether you wish to repurchase any time soon or just looking for a resale, remember that you're entering a buyer's market. This article might help you learn about timeshare repurchase and be familiarized about the checklist as a quick guide.

There are some things that you should watch out for when you repurchase a timeshare. The following is a checklist that can help guide you:

- Deeded property or lease / right-to-use
- Fixed or floating week
- Reputation of the company that manages the timeshare properties
- Desirability of the timeshare unit
- Size and amenities offered by the unit
- Maintenance fees and other possible expenses
- Exchanging privileges
- Taxes
- Length of time required to complete closure and transfer
- Insurance available in case the property is in a disaster-prone area

Most owners who are looking to repurchase a timeshare are unhappy with their previous ownership and currently, there are still more and more people who are trying to get rid of such property. That means that there are still many owners who are dissatisfied or having difficulties with their timeshares today. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. So, if you’re planning to repurchase a timeshare, try to consider the checklist above and hopefully this time you can get the best of your timeshare.

Wednesday, November 11, 2009

Owners Smartly Reveal Their Frustrations Over Gulf Coast Timeshare

Timeshare ownership is said to be a financial commitment. If one plans to own a timeshare, he/she must be prepared for the annual maintenance fee which usually increases over time and for some other fees which may cost significantly. Because of these fees, many current owners cannot afford anymore their timeshares and thus, want to get out of their timeshare contracts. Meanwhile, the other fees imposed by the developers may appear to be unjust and may sometimes cause disputes with the timeshare owners.

Such is the case of John Frost, who owns a timeshare in Mustang Island Beach Club. Several years ago, Frost and others were told that one of the thee condo buildings where they own a timeshare is going to be refurbish and agreed to pay a special fee of up to $3,000 for each week they own. Later, they were stunned to find out that they no longer had access to the units they paid to renovate. Before, they belong to a building equipped with better facilities. But lately they're assigned to a building which has poorly equipped amenities.

Eventually, the timeshare owners went to the developer and association president Randy Turner of Dallas. On the other hand, consumer lawyers advised that the timeshare owners can try to take over the association from Turner, and if they can't resolve their dispute can sue him.

Owning a timeshare comes with a number of financial obligations and before any owner sign an agreement or any legal documents, it is better to evaluate and clarify these first to avoid future conflicts. Take note that several owners nowadays are unhappy with their timeshares and want to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property.

Monday, November 9, 2009

Transfer Smart Alert: Timeshare Scams and its Effects on the Industry

Nowadays, timeshares have a bad reputation due to a number of scams in which some unscrupulous agents or companies use to lure potential owners. Meanwhile, for every person that gets scammed in the timeshare business, this also affects the honest businesses resulting to significant lost sales. In studies done by different organizations, it shows that those people who were scammed in the timeshare industry not only leave with a bad taste, they also tell their families and friends which results in lost revenue for the future of the honest companies. Moreover, this might also affect the current owners to influence them to get out of their timeshare contracts.

To help combat the effects of scams on the timeshare industry, there are some organizations which create committees that do nothing but research companies that are offering services for the timeshare industry. Currently, they are posting the information they collect which not only hurts the dishonest companies but also helps the good companies as they are getting an endorsement from such organizations.

Such organizations report the companies that are using dishonest tactics will help the industry and create a business market place where the consumers feel safe to conduct business in. With this, the growth of the timeshare industry has sky rocketed in the last few years creating a market for scammers to operate and generate dishonest income.

Scams in the timeshare industry have a great impact on consumers particularly on potential timeshare owners. Resale scams had been cited as one of the top complaints in the timeshare industry. As many owners try to get rid of their timeshares by selling it, some fraudulent resale companies victimized these owners. That’s why some owners hire a reputable timeshare transfer company such as the Transfer Smart to get rid of such property.

Sunday, November 8, 2009

Timeshare Organizations Smartly Launch a TV Programme

The timeshare industry today had been tarnished by the scams and the reportedly number of disadvantages of this kind of vacation package. The unattractive image of this industry is not only damaging to potential timeshare buyers but also to the current owners where many of them are trying to get out of their timeshare contracts. With these, the TATOC, the Timeshare Association, and Worldwide Leisure Group have joined together to launch a TV programme explaining all the benefits associated with timeshare ownership.

The said programme entitled “Timeshare – History in the Making” d├ębut on the Travel Deals Direct channel (Sky 647) and on the Travel Channel (Sky 251). The programme is split into several parts covering all aspects of timesharing and footage of typical timeshare resorts located on the Costa del Sol (Club La Costa, Marina del Sol), Cyprus (Paradise Kings Club) and Scotland (Macdonald Hotels & Resorts, Forest Hills). Added to this is the explanation of how exchange programmes work.

The half-hour program offers insight on things such as management fees and the beauty of being able to exchange timeshares worldwide. Harry Taylor, the CEO for TATOC will also share his experiences as a timeshare owner for this programme. The idea behind this is to educate people about timesharing in the comfort of their own homes.

The said programme launched by the mentioned timeshare organizations can help regain the interesting image of the timeshare industry. As we all know, there are several owners nowadays who are trying to get rid of their timeshares. Some of these owners even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. By educating the potential owners, it will bring back consumer confidence and eventually re-establish the strength of this industry.

Friday, November 6, 2009

Smart Tricks to Sell Your Timeshare

For owners trying to get out of their timeshares by selling it, they realized how hard it is to get someone to be interested in such property. Usually, when people heard of timeshares, they have a preconceived notion that it is a bad idea or an expenditure that can rip them off financially.

Now, if you’re one of those owners trying to sell a timeshare, consider what is required for someone to be talked into buying something that they already have a preconceived notion of it as being a bad thing. Moreover, selling a timeshare requires a few tricks to get people to buy.

First, a timeshare sales presentation may be set up in a way that you think everyone else there is buying it. Seeing this to others may make any potential buyer want to buy a timeshare too. You can also try giving gifts to potential buyers. This is a subconscious thought that translates into being more likely to buy a timeshare in order to repay the favour of being given a free gift. Also, saying that the price offered is considerably low and this won’t take long will also help and will make them think that they will miss out something if they will not buy now. Moreover, stress out to any potential buyer that he deserves a vacation. They will be likely to buy if you can convince them that they deserve it.

Today, timeshares are commonly seen as unattractive offers especially for average consumers. As a matter of fact, there is an increasing number of owners who are trying to get rid of their timeshares while some even hire a timeshare transfer company such as Transfer Smart just to get rid of it. Although selling a timeshare today is a difficult task, considering those few tricks mentioned above help you get someone to be interested in such property and eventually sell your timeshare.

Thursday, November 5, 2009

Transfer Smart News: Wyndham Timeshares Profit Fall in the 3Q

The recent economic crisis that broke out in late 2007 is described as the worst global financial crisis since the Great Depression. Although almost two years had passed already, everyone is still experiencing the adverse effects of this difficult situation. In the timeshare industry, as many owners are trying to get out of their timeshares, almost every timeshare company also had been put to a test in withstanding this unfavourable economic climate.

In one case, the Wyndham Worldwide Corp. had announced that its profit fell in the 3Q as it spent less on timeshares. The said company’s earnings dropped by 27%. This is equivalent to $104 million or 57 cents per share compared to 80 cents per share or $142 million a year ago. Not including legacy items, the earnings were 58 cents per share, which exceeded the analysts’ forecast of 56 cents per share.

On the other hand, Wyndham reduced its timeshare investments and attributed some of its losses to the strong bounce of the dollar and the softness of the lodging sector. The said company’s timeshare gross sales dropped by 35% to $366 million. Moreover, Wyndham cut its expenses on many timeshare operations, including shutting down offices and minimizing marketing campaigns.

The case of Wyndham is just one of the many cases of timeshare companies which are surviving this economic climate. The current economic condition aggravates the image of timeshare ownership today which becomes unattractive for most people. Take note that several owners these days are trying to get rid of their timeshares. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. Although most companies are implementing strategic measures to minimize costs and increase sales despite the unfavourable economy, losses are still a commonplace for this industry today.

Wednesday, November 4, 2009

Transfer Smart News: Lawsuit Filed Against Two Timeshare Resale Companies in Florida

Today, there are many owners who are trying to get out of their timeshares due to the disadvantages brought by it. Most owners opt to resell it first before considering other options and some work it out with a timeshare resale company. But some resale companies should be watch out for as a number of cases have identified them as a scam. In Florida, the attorney general has filed a lawsuit and requested an emergency injunction against the two timeshare resale marketing companies namely the Universal Marketing Solutions and Creative Vacation Solutions.

The suit which was filed last week alleges that the owner/manager Jennifer Kirk collected more than $4 million in marketing fees each month. But the said companies, rarely marketed, advertised or facilitated sales for the timeshare owners who had contracts with them. The injunction also requests these companies to cease doing business while the lawsuit is pending.

On the other hand, an investigation found out that Kirk and her companies charged as much as $2,500 for timeshare resale advertising services and hundreds of customers nationwide were solicited via the Internet and telemarketers. According to the lawsuit, when prospective buyers contacted the companies to purchase a timeshare, no attempt would be made to match them with sellers. This makes the advertising and marketing claims a complete sham.

Nowadays, the number of cases of scams in the timeshare industry is still increasing. As some owners try to get rid of their timeshares, while some even hire a timeshare transfer company such as the Transfer Smart just to get rid of it, some owners fall to the wrong hands of fraudulent resellers who are just quick at getting marketing fees. The local government therefore advise timeshare owners to be cautious on these kinds of resale companies especially if they are asking for upfront fees before the sale.

Monday, November 2, 2009

Transfer Smart News: Timeshare Owners Win Legal Battle Over Management Companies

The timeshare industry is considered one of the most complained industry today especially in UK. This image makes some owners want to get out of their timeshares. While some, with the power of the owner’s committee or timeshare owners association, voice out their complaints and settle further legally.

In Lock Rannoch, one of UK’s most remote timeshare resorts, an owner’s committee fends off two management companies it has dismissed and continues a 10-year legal battle. During the annual meeting of the Loch Rannoch Highland Club, the elected committee beat off challenges from disgruntled owners and insisted it would continue to manage the resort itself, using volunteers, book-keeping software, and an auditor, having dismissed first Macdonald Hotels and then a successor company set up by owners at the instigation of the committee itself.

In the past year, the club has paid £550,000 plus over £200,000 in legal fees to settle court action by Macdonald, and been served with a claim for £389,000 for wrongful termination of contract by Timeshare Management Services Ltd (TMSL), whose founders are now agitating against the committee.

Meanwhile, Macdonald Hotels, the UK’s leading timeshare operator, has been manoeuvring to try to harness owner discontent and eventually regain the contract for managing the resort next to its Loch Rannoch hotel, which it lost in 2003 after taking dozens of owners to court, refusing industry mediation, and banning holidaymakers from the hotel bar.

While many owners try to get rid of their timeshares and some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property, others still hold on to their units while legally pursuing their complaints. In this way, they hoped that they have a better chance of winning their rights as a consumer.

Thursday, October 29, 2009

Beating Smartly Those Pressures during a Timeshare Presentation

One of the best ways that timeshares are commonly sold is through presentations. Many owners purchase their units right after the presentation and a number of these owners regretted their quick decision. As a result, they scrambled to figure out how they could get out of their timeshare deal.

In a timeshare presentation, there are psychological pressures that may entice you to buy a unit. Usually, there is a lot of hype that excites the part of you that wants to be on the glamorous locale that is being sold. Also, there is the reminder that this is a golden opportunity that is about to slip through your fingertips and won’t you feel silly when it does.

To avoid being taken advantage of or spending too much money after the presentation, never buy a timeshare on the spot. Take time to do an online research first. If you are cautious, you are less likely to come out of it with a bad deal on your hands and a hard hit to your wallet. Moreover, you should be wary of prizes especially prizes that ask that you only have to pay the shipping and handling. Whatever offer during a presentation, remember that it comes at a price.

With all of these, do not allow yourself to be pressured into a decision and take your time to consider those things mentioned above if ever you attend a timeshare presentation. Take note that there are several owners nowadays who have difficulties with their timeshares and as a result they want to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. There are thousands of timeshares available for resale all over the world today. So, you won't be missing out on anything by not signing up immediately.

Wednesday, October 28, 2009

Working Smartly with a Resale Company to Transfer Timeshare Ownership

Several of the million of owners today are dissatisfied with their timeshares and thus, want to get out of their timeshare contracts. One of the misconceptions upon buying a timeshare is that you could sell it easily. In reality, it is much difficult than what you have imagined. Therefore, a number of owners go to a resale company to assist them in selling their timeshares. However, there are some things to consider in working with these companies.

First, be cautious about paying large upfront fees to a resale company. This might a sure sign of a rip-off. Next, avoid listing your timeshare too high. Some resale companies will price it too high in to entice the owners to pay an upfront fee. You should also research the company's credentials and if it is listed with the Better Business Bureau and have a Real Estate Broker license. Moreover, you may not be able to sell your timeshare if you still have balance payments. The disreputable resale companies, after finding out you still owe some amount on your timeshare will tell you they will list it at a higher price just to get a large listing fee. Lastly, never give an exclusive listing to one company to sell your timeshare. An exclusive listing means the company will be paid a commission no matter who sells it. Always sign an open listing giving you the right to sell your timeshare.

Because of the economy, the resale market is becoming flooded from owners trying to get out from the disadvantages of timeshare ownership. Some are desperate already that they plainly just want to get rid of it. Some even hire a timeshare transfer company such as the Transfer Smart just to get rid of such property. Those points mentioned above can help you to sell effectively your timeshare while working it out with a resale company.

Tuesday, October 27, 2009

Choosing Smartly a Broker to Transfer Timeshare Ownership

There are many circumstances that can force the owners to sell their timeshares. Regardless of any reason, it’s important for them to get out of their timeshare contracts as soon as possible to cut the disadvantages brought about by such ownership. One of the ways to sell a timeshare effectively is by hiring a real estate broker. There are many advantages in working it out with a broker. However, selecting a right broker is critical to the sale of your timeshare property.

In finding a broker to work with, do your homework by researching about some good ones near your timeshare property. You can also try to search on high vacationing places like Florida as most brokers can be found in those areas. Look for those brokers with a good track record in handling timeshare resale. It is better to go with big and reputable brokers as they are likely to handle your resale professionally and responsibly. They are also less likely to cheat you because of their name. Ask questions related to their success in selling timeshares. Also, find out the average time that a timeshare property sits in the market before being sold. Last but not the least ask the average selling price of the properties they sold.

Nowadays, there are more and more owners who are trying to sell their timeshares. One the other hand, some owners also plainly want to get rid of their timeshares and even hire a timeshare transfer company such as the Transfer Smart just to get rid of it. In the hopes of recovering some costs that they had paid for such property, several owners opt to sell it first. Hiring a broker can be an effective way to sell your timeshare. Sometimes it is even in the hands of the broker to make or break a deal and fetch a good value to your timeshare unit.

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