Wyndham Worldwide Corp. reports a sales increase of timeshares, lodging and other vacation exchange businesses by 10.1 percent. Though there was a momentum on terms of sales, financial analysts find it still not worthy of the losses the timeshare industry had gained.

Prior to the great recession that struck the industry, developers had invested millions of dollars yet they ended up broke and urged their companies to take actions for the salvation of the businesses. Millions of dollars were put to waste since potential timeshare buyers no longer considered to purchase one. The buyers have realized that owning such a vacation property entails a lot of financial burdens knowing that the economy is unstable right now. The timeshare owners likewise feel the need of getting rid of it since the maintenance fees kept soaring high. Payments were tolerable in the first few years but then it has been the other way around these times.

The resale market naturally increased since many of the timeshare owners wanted to at least get a little profit from their units. Sad to say, they cannot profit that much unlike the real estate were the value increases in due time. Timeshare units are not capable of appreciation. Timeshares are only vacation plans. Owning a timeshare entitles you of the rights to use it in a specific time and not own the physical property itself. So there’s no way you can have that as one of your assets though it can be knowing that you are paying for a luxurious item.

There have been negative feedbacks regarding timeshare resales since resale companies have been into unsound business practices. Most of them have engaged in requiring timeshare owners for additional payments to finance their respective unit’s advertising costs. Attorney Generals, Better Business Bureau (BBB), and the federal courts have worked hand in hand to end this timeshare crisis.

In order to get a timeshare relief, units must be paid in full as well as maintenance fees should have no remaining balance.

The transfer title system will take care of the units just so you can get out of the maintenance fee schemes.

Timeshare sales increase should not give hope to anybody. At least it should let you ponder on the thought of not considering it and/ or dispatching it the soonest time possible.