Back to Timeshare News ListLandmark Plett hotel will close for refurbishmentHerald South Africa - THE Beacon Island Timeshare Resort in Plettenberg Bay is to close for three weeks – from tomorrow until August 11 – for a thorough refurbishment of the interior. The Beacon Isle, as it is more commonly called, opened in September, 1972 and for 35 ... Source: http://search.msn.com:80/news/results.aspx?q=timeshare
People interested in purchasing a timeshare are strongly advised to look online at the secondary market listings for the development they are interested in. Developers put a very large mark-up on new inventory and a new owner will find the resale value of their timeshare to be half or less of what they purchased it for. In the very worst of cases, timeshare resales are virtually impossible and users are stuck paying fees indefinitely. This is what is commonly known as the "timeshare trap". Sometimes, when it happens, owners can talk to the resort and the resort may be willing to take it back if there is no loan attached to it and the maintenance fee has been paid. Sometimes, there are various charity groups that are willing to accept a timeshare if no loan is attached and the maintenance fee is current. |