During these harsh economic times, it’s stressful enough to think about how to pay for your home mortgage, putting food on the table, and filling up the gas tank. So, as foreclosures reach all-time highs and thousands of people are losing their jobs each month, timeshare owners have actually been billed special assessment fees for hundreds, and in a number of cases, thousands of dollars. When added to rising maintenance fees paid every year, homeowners should consider getting rid of their timeshare(s) before it’s too late.

If you are financing your timeshare, you must pay it off as quickly as possible. First, you’ll end your interest payments that make your timeshare even more costly. Remember, these interest payments are not tax deductible like the interest payments for your primary home mortgage. Secondly, by having a mortgage on the timeshare, the likelihood of getting an offer is the same as seeing flying elephants. There are simply too many timeshares for sale on the market without mortgages.

It’s never been easy for timeshare owners to resell — a FTC report reveals that over the last two decades, a mere 3.3% of timeshares listed for resale have actually been sold. With the current economic climate, it’s even tougher to sell and it can take a long time; during which you’ll have to pay for advertising and broker’s fees! With those special assessments coming ever more frequently, you can’t afford to wait a second longer than absolutely necessary.

You could try to rent your timeshare. Even if you are able to rent it, the income may not be enough to pay for your maintenance fees or that surprise special assessment. Is losing money and not going to your timeshare resort worth the hassle?

What’s more, charities have known for years that timeshares are not assets. So, many of them have stopped accepting timeshares as donations. Similar to the sale process, finding an organization to even take your timeshare for free will take time. But, time is not on your side when the timeshare bills keep coming.

If you’d like to avoid these surprise charges for special assessments (which can be in the thousands of dollars), then you’ll want to get that timeshare of your hands as quickly as possible. Trying to handle the sale on your own can have mixed results; and the longer you wait, the more fees you’ll end up being assessed with and the more stressful the experience will be. The best way to go if you want to get rid of your timeshare in short order is to work with a timeshare transfer company to get rid of your timeshare right away.

A timeshare transfer company can get the timeshare out of your name so that you won’t be responsible for any further assessments or maintenance fees. Of course, there will be a fee for this service but when compared to the cost of owning a timeshare, it’s a small price to pay. The transfer can be done very quickly and once the contract is signed, you won’t be liable for any expenses related to the timeshare.

You’ll want to choose a timeshare transfer company which has been in operation for at least four years; this will weed out the fly-by-night operations. You should also look up any company you are thinking of working with at the Better Business Bureau. Of course, no company has a track record which is completely free of complaints; but you should make sure that complaints have been addressed by the company and that it is highly rated by the BBB.

Whether you go with a timeshare transfer company or sell it on your own, when you get rid of your timeshare you also free yourself from a financial burden and a great deal of stress. This lets you turn your attention to the important task of keeping your home!

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• Earn Tremendous Money When You Sell Timeshare
• Get Right Connection to Sell Timeshare
• Get Rid of Debt – Consolidate Bills