I think, therefore I transfer.

Wednesday, March 17, 2010

Confessions of a Smart Owner who donated Her Timeshares

Many owners today have testified that their timeshares are something that they regret. Thus, they end up wanting to get out of their timeshares. But aside from selling such properties, one of the options to get rid of it is to donate it to charities.

Take the case of Cecilia Owens of Florence who said one of the timeshares she owns is great but she isn't happy with her other timeshares. Owens said her two other timeshares have turned to be more costly and she has paid more than $14,000 for both, but the bills continue.

As the fees for her timeshares are soaring, she was advised by a friend to consider donating it to charity like the American Kidney Fund. The American Kidney Fund said timeshares usually sell from $600 to $5,000. The sale will be handled by an outside firm and when the sale is complete you'll receive a receipt for your donation. Typically, the owner won't have to pay anything. Charities like the one cited above won't automatically accept every timeshare but they do take most. First, they will identify the value of the property to make sure it can be sold quickly for a profit. As a result of accepting donations, such charities are able to raise funds for their cause.

Timeshares became a popular way of vacationing these days but along with these there are also several owners who want to get rid of it due to a number of disadvantages like the fees involved. Some of them sell it while others hire a timeshare transfer company such as the Transfer Smart. On the other hand, one option that many owners are now trying to consider is by donating it. Although the owner won’t recoup some of the cost he/she initially paid for such properties, the great advantage here is he/she is able to get rid of his/her timeshare and without fees involved.

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