The perfect vacation might be different for everyone, but statistical data show that the range of activities preferred and pursued by most travelers include only a few things that people like doing during their time away from work – here are some:
Article Source over here: The Most Popular Vacation Activities
via Blogger The Most Popular Vacation Activities
Timeshare contracts require the owner to pay an annual maintenance fee on the property and that is something that most timeshare owners have put up with. However, yearly maintenance fees might not be the only sums you need to pay – unexpected assessment fees might also come up and often leads to you asking how do I sell my timeshare now for a fair price.
There are various situations that entail special assessment fees – here are some:
Original Post here: Unexpected Assessments That May Happen When You Buy A Timeshare
via Blogger Unexpected Assessments That May Happen When You Buy A Timeshare
When couples divorce, the process involves the splitting of all assets, not only big-ticket property items, such as the family home and other, conventional real estate investments, but timeshares as well. However, the nature of timeshares is very special and peculiar – they are considered to be real investments, yet they don’t exactly work like one because they do not give the owner real ownership rights. Even so, when it comes to splitting, timeshares behave pretty much like any other asset, offering ex-spouses three choices: to continue using the timeshare, to sell it through a company like Timeshare Termination Team and split the income or to get the other spouse to buy it.
According to the statistics, very few divorcing spouses agree to buy half of the timeshare purchased together during the marriage. The reason is usually disappointment – in most cases, the purchase of the timeshare is an impulse decision and the ownership quickly becomes more of a burden than joy. This means that there are two options left – continued usage or selling. If the decision is in favour of selling, both spouses need to be prepared that they will lose a significant amount of money. The second-hand timeshare market is currently dominated by sellers, not by buyers, which means that selling prices are very low and interest is very scarce.
First Posted right here: How Your Timeshare Investment May Change When You Get Divorced
via Blogger How Your Timeshare Investment May Change When You Get Divorced
In most cases, timeshare contracts use complicated legal jargon, with terminology that needs to be researched for proper understanding. One of the terms that surely need some explanation is the perpetuity clause. The word “perpetuity” is derived from Latin and it practically means forever. As the name implies, the clause has provisions about what will happen to the contract until the end of times – in other words, it includes the conditions to be enforced in case the owner of the timeshare owner dies. So those of you who need to know how do I sell my timeshare legally should know there are legal ways to help you.
Many timeshare owners mistakenly think that their timeshare contract ends with their demise. Well, if the contract includes a perpetuity clause, the timeshare enters your list of assets and obligations after you pass away, which means that it is inherited, with everything implied by that inheritance. The primary heirs of everything you own and owe are your children, so they will be the ones who inherit your timeshare, too. If you want to make sure that the timeshare will not be a burden and a financial blackhole that drains their savings, you can try to get rid of the timeshare, selling it. However, if this is the option that seems the best, you need to know that the price you will be able to get for the timeshare on the second-hand market will probably be very low.
Original Post here: What You Need to Know about the Perpetuity Clause of a Timeshare
via Blogger What You Need to Know about the Perpetuity Clause of a Timeshare
Buying a timeshare ownership and visiting an all-inclusive resort are among the most common ways of spending vacations. While both vacationing methods provide access to comfortable, elegant, high-end resorts, they work in very different ways – here is a short outline of the differences:
First Seen here: All-Inclusives vs. Timeshares – features that You Should Know About
via Blogger All-Inclusives vs. Timeshares – features that You Should Know About
Timeshare purchases are usually advertised saying that they offer a way to reduce your vacation-related costs significantly and that buying the timeshare will allow you to spend your vacations in the same spectacular spot, among the same comfortable circumstances that you know since your first stay. However, there are many factors in the other tray of the scales as well, aspects that make traditional vacation booking the cheaper and more convenient option for many vacation-makers. Never buying a timeshare, will keep you from having to ask yourself how do i sell my timeshare property? Here are some:
via Blogger Why It’s Cheaper to Take a Traditional Vacation Instead of Buy A Timeshare
The concept of vacationing is old and new at the same time. The first vacationers were ancient Romans, members of the wealthy classes, who left home for exploring the known world and spend prolonged periods, often years, traveling. Vacationing ceased to be popular during the Middle Ages, but the Renaissance saw a revival of the tradition in wealthy families to go and see the world.
Vacationing continued to be a privilege of the wealthy classes until the Industrial Revolution. The rapid development of technology brought about new, relatively cheap means of transport, such as steamboats and railways and the 19th century was the period when the concept of free time and vacations first spread among the working class as well. Travelling and vacationing in faraway places gradually became accessible for the masses, too and by the 20th century, large crowds could be seen on resorts all over Europe and the US. The way to spend vacations diversified as real estate entrepreneurs recognized the potentials of building timeshare resorts and selling timeshares and infrastructure in previously inaccessible areas and the business grew beyond the wildest expectations as air travel became more affordable, until it became the global, multibillion-dollar industry with travel and vacationing opportunities available to anyone that it is today.
Article Source over here: A Short History of Vacations
via Blogger A Short History of Vacations
The idea of shared vacation accommodation ownership emerged in the 1960’s in the UK in a period when exotic vacations or even vacationing in domestic resorts was too expensive for most households. Buying a vacation home seemed out of reach for many, but sharing the ownership was a great way to reduce the size of the necessary investment and most people could spend only limited time away from work anyway, so multiple families joining forces to get a property and splitting the time spent on the property among themselves made all the sense.
Shared vacation homes quickly caught the attention of investors who bought resorts and developed the idea of selling access to their properties for specific, recurring periods. Timeshares reached the peak of their popularity during the first years of the 1980’s – by that time, timeshare properties were available not only domestically, but abroad as well, offering buyers the chance to spend their vacations among luxurious circumstances, visiting exotic destinations. By the 1990’s, most large luxury hotel chains had timeshare offerings and the industry is still huge today, despite the bad name given to these investments by some dishonest players putting customers looking to sell my timeshare quickly . Today, the timeshare ownership industry has a worldwide offering of over 5,000 resorts, distributed over more than 100 countries, with developments being launched each day.
Originally Posted here: How Did Timeshares Get So Popular?
via Blogger How Did Timeshares Get So Popular?
The term timeshare is a coined word, one that emerged in the UK in the 1960’s to denote a system of sharing vacation accommodation that started to become popular after World War II. In its initial form, timeshares were vacation cottages purchased by multiple families together, each of them having exclusive right to use the cottage for a specific period each year. The solution quickly gained popularity and was embraced by entrepreneurs who bought property in popular resorts, then they divided the property ownership into 50 equal parts, corresponding to 50 weeks of the year and sold the time spent on the property (the remaining 2 weeks of the year were reserved for maintenance).
The first timeshare in the US was sold in Fort Lauderdale, in Florida in 1974, based on a contract that gave the buyer 25 years of vacation license on the property. The concept was soon adopted by many adventurous entrepreneurs as well as by large hotel chains. Timeshares were appreciated by the general public as well because they offered the opportunity to spend luxurious vacations in exotic places for costs that seemed much lower than the costs of booking a single vacation in a similarly luxurious hotel.
The timeshare industry is still multibillion-dollar business, with thousands of properties offered by hundreds of timeshare management companies and with legislation being constantly amended to protect all the parties involved. Companies like Timeshare Termination Team can help you get rid of your timeshare legally if you no longer need or want it.
First Posted right here: The History of Timeshares
via Blogger The History of Timeshares
Getting out of timeshare contracts has been a problem and a weak point of the system ever since the concept gained popularity in the 1980’s. The issue was made worse by the appearance of scammers on the market and today, we can read and hear about how the entire industry of timeshares is affected by the notoriety caused by difficult exits. The situation started to improve a few years ago, when legislation was introduced to make timeshare contract exits easier. First, the inclusion of a cancellation clause became mandatory for all timeshare contracts – the clause allowed the buyers to cancel the purchase without any further consequences, provided that they make the decision to get out of the contract within the period stipulated in the clause.
To provide further solutions for the issue and in an attempt to regain lost reputation, many timeshare management companies are offering owner-friendly exit options and take-back programs that make it possible for timeshare owners to get rid of their unwanted contracts in 2019. However, most of these programs are not buy-backs, which means that money does not change hands, but at least the owner does not have to spend any more money on the maintenance of an unwanted property. If you still looking for advice, call on a timeshare attorney Tampa area to get all your options.
First Posted right here: Why 2019 Is A Great Time to Get Rid of Your Timeshare?
via Blogger Why 2019 Is A Great Time to Get Rid of Your Timeshare?