Why Timeshares Lose Value

Timeshares were once considered a great investment, but they are becoming a burden day by day. As yearly maintenance fees have increased every year, timeshares are turning into a nightmare for many owners. Even though timeshares do not impact your credit directly, there are several situations in which timeshares can have a bad effect on your credit. You may purchase your timeshare due to several reasons. These reasons may include financial benefits. Therefore, you must consider the most common things before buying a Timeshare from a salesperson who just wants to achieve their sale.

• If you own a timeshare previously, a salesperson can promise to sell this to purchase a new one. Later on, they will not sell your previous timeshare.
• A salesperson will show it as an investment opportunity. If this is so, then 80% of current timeshare owners would not want to get rid of their timeshares. 
• A salesperson may try to deceive you, promising a bonus week or a rental program. These incentives are a sales tactic, and the companies will not offer this later on.
• Timeshares may be a sensible purchase for you if you want to create memories and do not mind the inflating costs. 
• Timeshares can be very expensive, and a timeshare purchase typically requires a down payment with a 10-year loan term.  
• You will also have yearly maintenance fees that can increase up to 25% a year! Timeshares are a pricey expense.
• As time passes, your preferences will change. It is evident that in early ownership, people enthusiastically visit their timeshare. Later on, they may want to stay somewhere else instead. 

If you were misled into signing a mortgage by your timeshare company, we suggest you initiate a Live Chat or fill out the form on the right. Many timeshare owners are not aware they have the legal right to exit their timeshare. It’s time to take action against your timeshare company; the majority of these companies only care for their pockets, and not the consumer.

Even Forbes agrees timeshares are not a valuable investment. The biggest misconception of value is when a timeshare is described as a real estate property.

• Timeshares are not like real estate. 
• When you own a real estate property, you own everything on that property. 
• If you own a timeshare, you only own a particular week in that year. 
• You cannot rent the unit out all year long, and you can only rent the unit out when it is your week in that year. 

If you owned the property, wouldn’t you be receiving some passive income instead of paying thousands every year for something you may never use? Timeshares are worthless in today’s economy and market. If you were sold a timeshare by making you believe that you would own real estate, you might have been scammed. In such a case, we suggest you contact us through Live Chat so we can help you exit your timeshare contract by exposing you to your legal rights.