For some people, owning a timeshare may look like a dream came true; having the opportunity to spend your vacation in a luxury destination each year sounds good, isn`t it?
However, timeshares are not exactly as they seem. Contracts are usually complex, many sellers are ready to do anything to sell and many buyers are trapped into a scheme they have not anticipated.
When you buy a timeshare, you need to be aware that there are extra expenses, such as the maintenance to be paid each year, even if you do not use the property. Insurance, manager or agent fees, maintenance (garden, swimming pool etc.) – all these will raise significantly the price of your holidays. Even after you have considered all of these things, you need to add other expenses generated by: airline tickets, car rental, food and entertainment.
Carefully analyze the costs and procedures about getting rid of your timeshare when you do not need it or cannot afford it anymore. Owning a timeshare is made to look very attractive in the seller's informative materials, but remember to ask for the important details in writing, and consult a timeshare attorney before making a decision.
The complexity of contracts and the extra or hidden costs are the reasons why people give up their timeshares most often, but also the fact that it is quite complicated and costly to arrange a change of the period you are allowed to use your timeshare.
Originally Posted over here: The Top Reasons People Want Out of Their Timeshare
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