Massive depreciations on the timeshare industry coupled with recurring maintenance fees have prompted many timeshare owners to seek relief for their timeshare conundrum. The most desperate owners even go so far as donating their timeshares to anyone willing to receive such properties although usual donations are granted to charitable institutions. Donating timeshares is increasingly more prevalent of late due to the difficulty in selling timeshares to the open public. Still, probable timeshare donors should be aware of certain details connected with the donation of timeshare properties.

Donated timeshares carry with them the existing liabilities of the specific timeshare property donated. Thus, donees should be conscious to the fact that they will bear the burden of chronic maintenance fees and other charges associated with timeshare ownership. This is on top of any outstanding loans connected with the donated timeshare property. Charitable institutions are wary of donated timeshare liabilities hence the conduct of market analysis prior to accepting charitable timeshare donations.

Many timeshare owners donate their timeshare properties by reason of the tax deductions resulting from such an act. Still, timeshare owners must be aware that tax deductions by reason of donated timeshare real estate have legal limitations. In the United States, the maximum allowable deduction for donated timeshare property will be its fair market value at the time of the donation. However, the fair market value of the timeshare property is considered only if its value does not exceed $5,000. Consequently, timeshare owners should be aware of such issues before getting rid of their timeshares through donation.

A new Senate Bill was passed this month entitled the “Travel Promotion Act” for the benefit of US tourism and travel. The bill has indirectly benefited exiting timeshare owners desiring to get rid of their timeshares. Senate Bill 1023 or the Travel Promotion Act has created a public-private partnership devoted to the promotion of the United States of America as a premium tourism hot-spot. The Act was also enacted for the purpose of better demonstrating and elucidating on the advantages of US security policies to the travel market consumer base. The program has been predicted to produce approximately 40,000 new jobs, generating over $4 billion in new consumer spending as well as decreasing the US budget deficit by as much as $425 million.

The Travel Promotion Act has been forecasted to lure hundreds of thousands of new visitors to the United States. Market study results have shown that foreign tourists spend an approximate mean of about $4500 dollars per individual for every visit to the US. Thus, the increase in visitors would naturally result to an increase in the number of tourists not to mention the increase in vacation periods in the US. All of these factors would have a considerable beneficial effect in increasing the incidence of future timeshare purchases.

By promoting and encouraging US travel and tourism to the global community, the Travel Promotion Act will not only generate much needed additional revenue for the federal budget but will also potentially save the capitulating sections of the US tourism industry. The recent economic breakdowns has diminished the market status of many sectors in US tourism especially the luxury real estate divisions such as the timeshare industry. It is a sad fact that the status of timeshare ownership has driven many existing owners to give up their properties either by selling their timeshares or obtaining aid from timeshare relief companies. However, with the enactment of the Travel Promotion Act, it may be that the future of timeshare ownership in the US has a better chance of survival compared to the rest of the world.

Spending holidays or vacation tours in prestigious resorts and hotels is everyone’s dream and it’s surely a lure. That’s how timesharing gets in and has now become a trend. The system of timesharing tends to be very popular that the impact became so appealing to most vacation goers dreaming of having or owning a timeshare property.

However, many complaints are coming up from timeshare owners trying to get rid of their timeshares. And you start to ponder why they want to be free from the property.

You may think that owners want to be free from their timeshares because they may have been affected by the global recession today. Another possible reason that you may think of is that they will venture into other forms of investments that can be a source of funds. Yes, your perceptions may be true if you are not familiar with the real scenario of timesharing.

To fully understand what is really going on with timeshare, here are some realities that owners experience. They regularly pay maintenance charges, and sometimes their timeshare company charges them special billings without explanation what it is for. Their financial obligation continues to increase every year, while the value of the property decreases. And the longer they keep the property, the more money they waste.

Now that you have insights, you can say that is justifiable for owners to seek for timeshare relief if they want to free themselves from their financial liabilities. It’s a relief to have that freedom over your finances again.

In his last address to the Australian Timeshare and Holiday Ownership Council (ATHOC), Geoff Ballotti, president and CEO for Group RCI, announced that Australia is the most sought after timeshare location these days. There is then the possibility that timeshare owners who want to seek for relief from their timeshares will increase in the country.

The demand for timeshare in Australia is based on the data gathered from timeshare owners who are mostly composed of Americans. Americans are the biggest market of timeshares. And most Americans have not gone to Australia for a vacation. So, they are looking at Australia to avail of their timeshare vacation week.

With this booming interest in Australia, the possibility of also increasing the need for timeshare relief in the area must concern not only the timeshare owners but most especially the legislators. Proper legislations must be put in place to protect the citizenry as well as the timeshare companies from also experiencing the current situation in other countries where timesharing is both gaining positive and negative feedback.

Regulation of companies who market timeshares should be strictly done. The number of fraudulent sales agents and companies should not increase with the increase of the demand for Australian timeshares.

It is good to know that the Australian Securities and Investments Commission is strict in their regulation of the timeshare industry. The Commission not only demands for financial services license but also clear paper works and presentations. With the rate of regulation in Australia, those interested to purchase timeshares may be well-informed enough not to need timeshare relief in the future.

Australia is the most sought after location for timesharing, according to Geoff Ballotti, CEO for Group RCI during his address in the 2009 ATHOC conference. Mr. Ballotti also stressed that Australia is the most demanded place out of their 4400 resorts, and that people would want to come to Australia more than anywhere else in the world.

Now, you have a crowd to donate or resell your timeshare package. Since the beaches are breathtaking and the weather can accommodate and support a large number of timeshare developments, Australia, particularly the Gold Coast, is being looked at for the best location of timeshare resort construction. People will now be elated and enthralled to have your timeshare membership pass on to them with the possibility of a growing timeshare location in Australia.

Most timeshare owners are Americans and since Australia is one of the least timeshare locations that they visit, they are looking forward to be able to go on vacation in the country. This report then calls for the big timeshare developers like Marriott and Disney to put up their resorts in the Gold Coast or other sites in the country. RCI will also support the projects that can potentially open the timeshare market for more possible customers and resort locations.

However, if you cannot convince people on taking or receiving your timeshare account, you can always contact timeshare relief for positive outcome on your efforts to get rid of the liabilities that come with your timeshare account.

Owners Perspective, the timeshare and fractional ownership magazine, named the top 10 spa resorts where holiday makers can find much relief from. The magazine is widely followed by timeshare owners who are seeking for relief through their vacations in timeshare locations.

The top spot was given to Chiva-Som in Thailand as the best in providing overall health and wellbeing. The spa is committed to rejuvenate the mind, body and soul of its clientele which is truly reflective of its name which means “haven of live.”

Chiva-Som can be found in Hua Hin Beach which is a 3-hour drive from the capital city Bangkok.
In terms of the best sanctuary, Bali Leha on Necker Island in the British Virgin Islands will prove best for holidaymakers. They can enjoy the number of luxurious treatments being offered by the resort in a private island setting.

With only these two resorts in writing, one can already experience the bounty that timeshares has to offer. So, if you are a timeshare owner, take the time off with any of these relaxing offers to be able to bid value in your timeshares. Make sure to use your vacation package or else, it would be much better to find relief from your timeshare by either selling it or donating it to your favourite charity.

Timeshare presentations have been one of the ways that timeshare companies employ to be able to get timeshare property buyers. They call, email, and send in flyers at your homes or offices to invite you out for a timeshare presentation at good timeshare locations. A number of agents are able to get buyers from these presentations but most of these buyers also end up getting rid of their timeshares.

Timeshare presentations are better avoided if you are not good in getting away from sales pitches. If you are easily enticed and easily persuaded, you better not put yourself in danger by going to these presentations. You will probably end up buying a timeshare because the sales agents who are engaged in sales presentations are really intent in getting timeshare buyers. They are prepared to engage you into hours of conversation with the hope that you will eventually buy out their sales pitches. Or that you get too tired from listening to them and just buy a package to shut them up.

But if you are actually capable of saying no to even the most persistent and most annoying people, you can actually go to these timeshare presentations and appropriate such free board and lodging they offer. That way, you get to enjoy relief from your daily burdens through free timeshare presentations. You get to visit timeshare vacation locations without the hassle of buying a timeshare or the need to sell a timeshare in case you already find it inconvenient to maintain a timeshare property.

As much as timeshare is popular, getting rid of timeshares also make a buzz. There are many timeshare owners but some of them may not be finding much value in this type of properties.

Timeshare is a vacation package which provides timeshare owners with good vacation options with accommodation services that can be categorized as superb. A timeshare owner owns a week of vacation in his timeshare property. These properties come in various sizes which you can choose from to be able to accommodate your family and friends during your vacation. Typical timeshares are composed of two bedrooms, two bathrooms, a living/dining room, full kitchen facilities, and a washer/dryer. They also have amenities like golf courses, pools, tennis courts, gyms, spas, etc. Almost all your vacation needs can be found in a timeshare.

However, if you are not fond of going on vacations, you will probably find it wasteful to maintain a timeshare. That is because apart from having all the good stuff that was listed above, having a timeshare also means having financial liabilities. You purchase a timeshare for a price but still you get to pay the maintenance fees to upkeep the place. You will also have to pay for special assessment dues that the timeshare company may find necessary from time to time. So if going on vacation is not your thing, you will not be able to appreciate the timeshare package because of the costs it requires. You will definitely find it more beneficial to sell your timeshare of to other vacation fanatic individuals.

The second myth on timeshares that the CEO of Sell My Timeshare NOW Jason Tremblay debunked in his recent post in the Timeshare Authority Blog is that “Timeshare is worthless on the resale market.” The said myth had also been in existence for some time now. He considers the said myth to be from timeshare owners who also tried selling their timeshares but did so in inappropriate locations. He also says that it also comes from others who would want to get the timeshares of owners who are selling their timeshares at a low price to be able to resell it for a profit.

Indeed, both sources of the myth that he mentioned can be liable for its circulation. But the question is, is it really a myth then? If it is, so it can be translated that timeshares do have worth in the resale market. So, it also means that timeshare owners who are fed up with the irregularities that they suffer from their timeshares can actually sell their property at a rate that the owner can consider to be profitable. Or if profitable is too much, can they sell it at a rate that is at least comparable enough to the amount they paid for when they purchased the property? If the answer to these clarifications are no, I am not sure if timeshare owners should really be educated to believe that timeshares do have value in the timeshare resale market. Or maybe what we can do is to quantify the “value” that we actually mean when we say “value in the timeshare market.”

A couple of timeshare owners are seeking for timeshare relief nowadays. Most is because they are already finding it difficult to pay the financial obligations associated with the timeshare properties they own while others have seized to use the properties for several reasons.

They try to do so by employing the services of agents and companies who resell timeshare packages. These owners pay the agents and companies who often over promise and under deliver results. They promise to be able to sell the properties at a certain period yet they would usually fail to do so because of the vast competition in the timeshare market.

So the timeshare owners end up spending much with the hope that they will be free of the properties they already feel burdened with but still have the properties, as well as the responsibilities, on their shoulders.

Another good option for these timeshare owners are the timeshare transfer companies that were mostly put up by past timeshare owners who also experienced difficulties with their timeshares. These companies promise to provide the service of transferring the property off the name of the timeshare owner for a reasonable rate. They then assess the value of the property and from there, the owner can once again start a stress - free, timeshare – free life.

However, timeshare relief companies are opposed by other individuals who may be coming from timeshare companies or maybe people who claim to be concerned of the flight of these burdened timeshare owners. They question the requirement of timeshare transfer companies for timeshare owners to pay for the services they provide. But isn’t it rational that timeshare owners pay for the services they get from these companies?

Are you trying to get rid of your timeshare? What means are you employing to get rid of such property? Do you know its worth before you give it away?

Timeshares are not considered as investments because it loses its value as time passes by. That is what people who are considering buying a timeshare and even those who own one should keep in mind. Even if you pay maintenance fees and other timeshare associated fees every year, its value will continue to decrease. That is why some timeshare owners consider getting rid of such property. One of the usual ways they employ is to donate it to charities.

Most timeshare owners donate their timeshare properties to charities when they realize that selling it can be difficult. However, even charities avoid accepting timeshare donations. Because some of these charities are already aware that selling it for a profit is near impossible. And timeshares can mean additional responsibility. That is heightened by their unawareness of the value of the timeshare.

So, to entice them to accept the timeshare, you should let them know of its value. How will you do that? It’s simple. You can visit a company who offers to determine the value of your timeshare for free. If you know the value of the property, you can inform the charity and that might make them accept your donation. That is also a good way to help them market the timeshare appropriately. And hopefully, they will gain from the timeshare.

However, if the charity still won’t accept your timeshare and you are really determined to get rid of it, you can opt to get the services of a timeshare transfer company. Timeshare transfer companies transfer off the property from your name to free you of the maintenance fees and other charges associated with your timeshare.

At this time that the economic situation is far from recovering, several timeshare owners are hoping to get rid of their timeshares. They want real relief from their already unwanted and costly property. No one can actually blame them because these properties are requiring them to spend more on unnecessary maintenance costs on their part. They would want to dispose it no matter how difficult it would be, especially at this time.

To really get rid of your timeshare and be free from the financial obligations associated to the property, you must find a reliable timeshare transfer company. Transferring the timeshare property from your name to another would automatically end the maintenance costs and other special assessments that the timeshare company will bill you.

Finding a good transfer company is the best way to go especially that there are a number of agents and companies who are promising to deliver the service yet failing to do so even with the high costs they require. These companies only make you lose more.

You cannot also turn to charities to accept your timeshare properties as donations. They are also refusing timeshares because they are already aware that these properties may only make them responsible for the payment of the maintenance fees that they hardly can afford. It is so evident then that finding timeshare relief is not that easy.

It is really much better now to find a reliable timeshare transfer company so that you can avoid wasting your resources and finally unburden you with the timeshare trouble.