When couples divorce, the process involves the splitting of all assets, not only big-ticket property items, such as the family home and other, conventional real estate investments, but timeshares as well. However, the nature of timeshares is very special and peculiar – they are considered to be real investments, yet they don’t exactly work like one because they do not give the owner real ownership rights. Even so, when it comes to splitting, timeshares behave pretty much like any other asset, offering ex-spouses three choices: to continue using the timeshare, to sell it through a company like Timeshare Termination Team and split the income or to get the other spouse to buy it.
According to the statistics, very few divorcing spouses agree to buy half of the timeshare purchased together during the marriage. The reason is usually disappointment – in most cases, the purchase of the timeshare is an impulse decision and the ownership quickly becomes more of a burden than joy. This means that there are two options left – continued usage or selling. If the decision is in favour of selling, both spouses need to be prepared that they will lose a significant amount of money. The second-hand timeshare market is currently dominated by sellers, not by buyers, which means that selling prices are very low and interest is very scarce.
First Posted right here: How Your Timeshare Investment May Change When You Get Divorced
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