Timeshare ownership has pros and cons that we tend to overlook at the signing stage. According to Legal Fees Deductible, 85% of people with a timeshare said they bought one because of money, fear, confusion, and intimidation. Before investing in this real estate piece, consider these common regrets for timeshare holders you should know about.
Extra Costs
The inability to pay for your timeshare attracts new expenses because you must sign up for a mortgage to satisfy your contract. In addition to the mortgage, you will be liable for other costs such as special assessment, utilities, maintenance fees, and property taxes. Failure to meet these requirements will lead to foreclosure on your timeshare. Before that happens, it is better to get out of timeshare fees while you can.
Resale Scams
The lack of demand in the timeshare industry makes it very hard to resell your investment. More often than not, you will lose money in that transaction. Because of these conditions, there has been a rise in timeshare resale scams. These brokers promise to sell your timeshare for a fee but don’t keep their word. However, laws have been enacted, and reputable companies have come up to protect consumers from scammers and help them get out of timeshare fees legally.
Challenge in Renting Out
Bringing us back to the low demand for timeshare, finding clients to rent out your timeshare property will be an uphill task. Also, while the sales agent made it look easy and breezy, scheduling your allotted resort time could prove difficult.
Why You Should Use an Experienced Timeshare Exit Company
Aligning yourself with a reputable timeshare exit company like us is the best solution if you need to get out of a timeshare. We can take on the legal matters for you and find the cheapest and quickest exit strategy.
If you are having regrets about your timeshare, contact us today, and we will help you exit with one of the best timeshare exit strategies!
