Are Timeshares Worth the Money?
Thousands of people buy timeshares every year. Salespeople promise prospective buyers that this is an amazing investment opportunity—these salespeople sell a dream. However, timeshare ownership is more like a nightmare. This resourceful guide will answer the question, are timeshares worth the money? You’ll come to find that the answer is an unequivocal, no.
Continued Maintenance Fees
One of the reasons why timeshares aren’t a wise investment is because there are continuous maintenance fees. You can’t just buy a timeshare for a flat amount and be done with it. Quite the opposite is true. In reality, timeshare owners pay maintenance fees throughout the entirety of their contracts. You have to continuously pay money to remain in good standing with your contract. Unfortunately, if you fall behind on your payments, you could fall into a timeshare foreclosure. A timeshare foreclosure can be detrimental to your credit score, and it could hinder your ability to get loans in the future. The continued fees are just one of the reasons why timeshares aren’t worth the money.
Inflexible Scheduling
Most people don’t realize they can’t use a timeshare whenever they want. Timeshares operate under strict scheduling rules. Some operate under a fixed schedule, which means you can never change the date of when you stay at your timeshare. If you agreed to stay there March 1-8, that’ll be your designated week for the entirety of your contract. A floating schedule is slightly more flexible because it doesn’t have to be the same week every year. However, you’re still unable to pick a week at your leisure to visit your property. Since the scheduling is so unforgiving and it doesn’t cater to the owners at all, you shouldn’t buy a timeshare.
Difficult to Cancel
Exiting a timeshare contract is an extremely challenging task. You can’t just contact the resort where your property resides and say you want to cancel. You must legally cancel a timeshare contract for it to be official. This means you’ll have to contact a lawyer and work with a professional timeshare exit company to ensure things are done right. Moreover, resort companies will do everything in their power to make the process more difficult. Avoid this headache altogether and look into other vacationing options.
Contact Preferred Cancellation Services the minute you decide you want to cancel your timeshare. Our team of professionals will work tirelessly to ensure you’re free of the burden that is your timeshare. We understand how frustrating it is to see money go down the drain, and we want to help rid you of the hassle. Please, let us help you cancel your timeshare and make sure to tell your loved ones that timeshares aren’t worth the investment.