Timeshares can be a great opportunity for a family to have an affordable vacation place away from their homes, but they also hold the overwhelming opportunity to confuse and frustrate people. Understanding timeshares before you buy them can help you avoid having to sell your property later on as well as give you insight into what you can expect should you choose to get rid of your timeshare at some point.
The first step to understanding timeshares is to realize that these are not designed to be temporary purchases. Timeshares are meant to be lifetime commitments, and even longer in most cases as your family inherits them once you pass. However, many owners think they can just get a timeshare for a few years, get adequate use of them, and then dump the property. Timeshares can be extremely difficult, and even expensive, to get rid of so you should not be looking into purchasing a timeshare if you can’t make a long-term commitment to the property and the financial burdens that come with it.
Another large aspect of understanding timeshares is that even though you may have gotten a great deal on the initial price of the property, there are other financial commitments attached to the agreement as well. At the forefront are maintenance fees. These fees are assessed on a yearly basis by the developer or HOA and used in the upkeep of the property. These may also contain special assessments for unforeseen costs that are not covered by insurance, such as unit upgrades, storm damage, and pest control. This means that maintenance fees often increase each year and rarely go back down once they have. This fact alone causes many timeshare owners to want to sell their property, since over the course of your ownership you can potentially pay more in fees than you did for your timeshare.
Despite having a good understanding of timeshares, a large amount of timeshare owners still find themselves purchasing and then wanting to get rid of their timeshare at some point. Whether they don’t use the property as much as they anticipated or no longer can or want to pay the mounting maintenance fees, selling timeshares has becoming a popular trend in recent years.
Unfortunately, selling timeshares can be extremely complicated. The market is flooded with resale properties, and without the right professionals working on your side it can take months, even years to sell your timeshare. That’s why we created TimeshareSecrets.com. We know how tricky and frustrating this process can be, which is why we gathered the industry’s most reputable and successful companies into one convenient location to best serve you.
The BBB top rated companies we recommend handle everything for you, from communicating with you developer to transferring the title and everything in between – and they do so without charging upfront fees! And if they can’t sell your timeshare, they will refer you to someone who can help you. No other company will make you a no hassle, zero risk offer like that!