What Factors Make It Extremely Difficult For People To Sell A Timeshare
- Author Joshua Rodriguez
- Published November 10, 2011
- Word count 371
An overwhelming amount of people have found themselves stuck in a timeshare sales presentation in the middle of holiday each year. This is because, timeshare developers lure consumers in with gift cards, free event tickets and even free Disney World tickets to people who are willing to sit through the presentation. Often times, these timeshare sales presentations are filled with high pressure sales tactics that give consumers a false sense of urgency to purchase the timeshare.
Thinking that it was a great investment, many consumers make the decision to buy the timeshare. After waiting several years for the property to grow in value, these people tend to make the decision to sell their timeshares. sadly, these Americans find out that it's not a simple task to go about selling timeshares.
The main reason it is extremely difficult to sell a timeshare is the simple concept of supply and demand. Throughout past several decades, a great deal of timeshare companies have put everything they had into expansion to different cities, states and countries putting up more and more timeshares. This created an overwhelming supply of timeshares to Americans.
Once all of these new timeshares were built, the unfortunate downfall of the worlds economy took form. The housing market fell at an astronomical rate, the unemployment rate skyrocketed higher than it had since the Great Depression and people were afraid to spend a penny. This aspect brought the demand of timeshares amongst people to an overwhelming low.
Looking at the simple concept of supply and demand, it is easy for Americans to see why it is so hard to sell timeshares these days. Consumers are just more interested in putting food on the table and keeping a roof over the heads of their family. These days, vacation is a luxury that the vast majority of people just can't afford to enjoy.
So, what do consumers do when they have a timeshare but the mortgage and maintenance fees are starting to create a financial hardship? The answer is simple, timeshare cancellation will most likely be your best bet. Timeshare cancellation is the process of deeding a timeshare back to the developer due to discrepancies in the sales process and contract associated with the timeshare.
This article was written by Joshua Rodriguez and is brought to you by:
American Resort Resolutions: Timeshare Cancellation
A Timeshare 2 Sell: How Do I Sell A Timeshare
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