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.