Why I Will Never Buy A Timeshare

You may have heard people say reasons why they will never buy a timeshare. Often times, those reasons are valid. Timeshare is a complicated investment that can wreck you personally if not properly planned for. Before looking for ways to cancel timeshare legally or having to forfeit your whole investment, it is best that you read this short piece to understand the conditions surrounding such statements. So, why will you never want to buy a timeshare?

1. High level of scam: Even without owning a timeshare property, people would send you emails and calls to say something about wanting to sell or buy your properties. Some delay the progress and the documentation while claiming they want to buy your timeshare, but only leave you to bear more loss and penalty. And if you wish to cancel timeshare legally, it is a very technical process that requires the support of those who know of it and are actively involved, such as timeshare attorneys or lawyers.
2. Getting off is another burden: Once you own a timeshare, you are hooked. Getting off is not as easy as telling a cabman to stop, and you are not going to again. It is a burden and a complication that requires putting several calls through and going through offices. Although there are different ways by which people cancel their timeshare legally, the easiest is usually with them walking away. That means all investment is forsaken with no more ROI. And resales are not as promising as buying it.
3. The profit is marginal: Getting into a timeshare is the easiest thing to do. But there are bills to keep paying for belonging to the program, apart from the maintenance of your property. So, except you are fortunate to be in a good location with fast-moving sales, it would be very difficult to maintain the property while servicing other conditions.
4. Reselling is mostly a loss: What’s the point of an investment in an asset that would depreciate with time? That is exactly what it is. Since you are looking to ease or cancel timeshare legally so that you are not responsible for it anymore, then reselling is a cool and legit way. However, the challenge is that, except it is an ultra-modern home that also has a surpassing glory than other (for-lease) properties that are around, you are definitely going to sell it off at a ridiculous price that can be as low as 50% or even 20% of the cost price. There’s no second-hand value of timeshares. That’s why you’ll hear some people say, “I can never buy a timeshare.”