Many people have fond memories of childhood vacations spent at a timeshare resort. Whether they were swimming, skiing, hiking, or just soaking up the sun in an exotic locale, they had a blast exploring a new part of the world. They enjoyed spending quality time with their families at a luxurious piece of property and going out to eat at fantastic restaurants serving world-class cuisine. Vacations are all about creating lasting memories, and for many people, their timeshares give them a great opportunity to do so.
These memories are important, but it’s also just as important to live in the present and recognize liabilities with diminishing value. Timeshares begin depreciating as soon as they are purchaseds, and the secondary market for these properties is severely lacking. They’re very difficult to sell for any sort of real dollar value, and many people have even struggled to give them away online.
Many timeshare owners have in their contracts something that’s known as a “perpetuity clause.” This provision calls for the property to be passed to their next of kin in the event of their passing. Unfortunately, no matter how much fun people may have had while vacationing at their parents’ timeshares as children, they do not want to assume ownership now that their folks have passed away. Maybe the maintenance fees are more than they can afford, or maybe the location no longer seems appealing, but the bottom line is that they do not want this property. Either way, children usually do not want to inherit these timeshares, just as their parents do not want to pass them on. Unfortunately, many individuals endure a lot of stress and financial hardship before they discover the most viable option: timeshare transfer.
Among these companies, Newton Group Transfers is the #1 trusted name in timeshare exit. Our knowledgeable staff members have nearly a decade’s worth of experience helping dissatisfied timeshare owners relieve themselves of the burden of ownership. We also have an A+ rating with the Better Business Bureau that we have earned through a lot of hard work and a commitment to our core principles.
Timeshare ownership can be a wonderful experience, but all good things eventually come to an end. If you’ve assumed ownership of a timeshare through a relative’s passing, or if you’re nervous about leaving your property to your children or next of kin, please give Newton Group Transfers a call today at (877) 354-4321 or visit our website to learn more and receive a free consultation!