6 KEY Reasons For Exiting The Timeshare

There are several disadvantages to buying a timeshare, and even many people complain that they are suffering to keep paying the loan for the purchase of the timeshare and the ENDLESS HIGH MAINTENANCE FEE especially now in such a High inflation rate.

On the plus side, when it comes to timeshares, are they an asset or a liability? and are they really worth it in the long run? The short answer: NO.

If you want to exit your timeshare, these 6 key reasons may help you to make a wise decision:

1. Less flexibility for vacations – Many timeshares have specific dates and times that you can use them, which can limit your flexibility when planning your vacation.
2. Unexpected fees – Unfortunately, unexpected expenses are fairly common with timeshare properties. These fees can include maintenance fees, special assessments, and property taxes.
3. Difficult to sell – If you decide you no longer want to use your timeshare, it can be very difficult to sell. This is because there are many timeshares available on the market and they do not appreciate in value.
4. Huge Depreciation – Unlike some property investments, when you buy a timeshare, it immediately begins to depreciate, sometimes by as much as 70 percent.
5. Maintenance fees and special assessments – These fees can be a significant ongoing cost for timeshare owners. Maintenance fees cover the cost of upkeep for the property, while special assessments are one-time fees that can be charged for unexpected expenses like natural disasters or major repairs.
6. Losing good money for paying Opportunity Cost year by year: When you invest in a timeshare today, you have been giving up the pursuit of other investments in the coming years. That means a tremendous opportunity cost or future high-interest rates may accompany it. The benefit of owning a place to stay on vacation doesn’t make up for all the financial opportunities lost the rest of the year. Timeshares can hit you in the pocketbook—hard.

We are helping our clients to get out of their timeshares, and successfully release provided by the county recorder’s office from your timeshare deed. Up to 18k reimbursement for maintenance and mortgage fees going back 5 years. If you’re also asking yourself “Can I cancel my timeshare?” contact us to learn your options. Please Sign up for a FREE professional consultation with the below Subscription.