Currently, timeshare sales are down at a considerable level. Some experts expect that there will be a 30-percent drop from 2008 sales. With this, you can anticipate hardcore sales pitches from desperate owners who are trying to get out of their timeshares.
The timeshare industry is closely associated with high-pressured selling tactics for the past years. But the recent economic meltdown made the things much harder for the owners who are trying to sell their timeshares. The current economic condition also made the competition for the resale timeshares much stiffer.
For instance, the Marriott’s timeshare group is cutting prices and slowing down their plans to expand. They are even planning to sell some of their prime land. Wyndham is also doing the same thing. It is considered the largest seller of timeshares in the country. But currently, they are cutting 40 percent of their sales. The low prices they are offering will compete with those owners who are trying to sell their timeshares as well as those acting as middlemen in timeshare transfer deals.
In this tough time, people usually stop going on vacation. In the case of timeshare ownership, it’s hard to continue to pay for the vacation when you don’t get to use it. That’s why there are more and more owners who try to sell their timeshares nowadays. For some, they just want to plainly get rid of it and cut those costs involved in owning such property. Some even hire a timeshare transfer company like the Transfer Smart just to get rid of that property. But for the average owner, they are still hoping to recover some costs they already paid in owning a timeshare and despite the current economic condition, they will do anything just to close a deal.