Title Transfer Holding is a timeshare relief company, specialized in cancellation of timeshare contracts. Our experienced and qualified team, with years of understanding in the field, are specialized in cancellation of even 10 years old contracts, whether it was signed ten years or 1 week ago. By respectful and important relations with real estate executives and financial advisers, we are recognized professionally as the “go to” in the industry if you want to cancel your contract and require debt to timeshare resort and vocational clubs.
Experts at Title Timeshare Holding stand among the top professionals that successfully provide our clients the easiest and affordable way to dissolve your timeshare problem completely and get partial or full refund for you. We deliver managed and professional services including planning, operating and optimizing. Count on us to help you if you are tired of paying maintenance fees year after year and not using timeshare due to any reasons
What is a timeshare?
Timeshares are different kinds of real-estate purchases, but according to Title Transfer Holding it is not a financial investment. It’s an acquisition where instead of you paying and owning an entire piece of property that you can use whenever you want, you actually pay a share of the price and own a share of the property. You divide your time in the property with other owners, and can use it in a certain period every year, but how long you can stay also depends on your share.
It is not a type of financial investment since to pay it to themselves, it needs to be used. The objective is to have a good time in the same place every year. Timeshare exists in the U.S. since 1969, generating around $8.6 billion in annual sales in 2015, according to the American Resort Development Association.
There are four types of timeshares and Title Transfer Holding explains that in a simplistic way: the restricted one, where you have a fixed time every year to use; the flexible one, where you can decide the time you want to go, but remember there are other shareholders choosing a date too; the right-to-use is the type of policy that the developer maintains ownership of the property, leasing the place for an amount of time each year for a few years and the last one is the points club where buyers can choose a place to stay depending on the amount of points they’ve accumulated from for buying a specific property or purchasing points from the club.
The pros of having a timeshare
1. You want to go somewhere in your next vacation but don’t have access to it? Title Transfer Holding says that with the prices of hotels and rents at their highest, the timeshares seem financially attractive because you can have a condo in a popular vacation spot even when you don’t have the resources to purchase one. This type of acquisition will allow you to live in a condo for a timeframe.
2. You don’t have to worry about security issues or upkeep when you are not in the property, the maintenance fees will take care of that.
3. If your contract approves, you can make your timeshare more profitable by subletting the unit that will buy you a week of vacation. Title Transfer Holding remembers that your profit will depend on how much you will pay for the maintenance fees, special assessments, and monthly mortgage.
4. It is convenient for large families, since the spacious 2 or 3+ bedroom condo is better than rent several rooms for a large family.
5. Your vacation is all set if you like to visit the same place every year and you don’t need to concern yourself with booking.
6. There are exchange programs that you can trade your vacation place for a different location every year.
The cons of having a timeshare
1. There are various costs involved like the maintenance fees that rises each year, even if you don’t use it. Special assessments, taxes, and most of the time, a mortgage is also involved. Title Transfer Holding thinks that booking the same vacation at the same resort can be cheaper.
2. Carefully read the contracts as they sometimes can lock you in for life. This is the most important for Title Transfer Holding. This timeshares can be passed onto future generations.
3. Timeshares generally lose value as soon as you buy them, and they are not easy to sell.
4. There are also the limitations in booking the place. As your location and date are already booked, it is difficult to change this date to another one.
5. To buy a timeshare in another country is even more difficult. Most places you are in are limited to “right to use” timeshares.
6. An unpredictable real estate market can make time sharing a volatile thing according to Title Transfer Holding. What you bought thinking about selling later can drop in value due to hundreds of variables.
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