How Sticking With Your Timeshare Can Cost You Long-term

Real estate is a long-term commitment. There’s no way around it and if you are planning on getting a new home you need to be ready and prepared to be with it for years. One of the things people do not realize about timeshares is that the longer the commitment goes, the more it costs them, not just with what they agreed to rent the unit for, but in maintenance fees, cost of living and challenges with selling your time to someone else.

Imagine if you have a place in Orlando and for the first few years you were enjoying your vacation time there with your family. After a few years you decide that it’s time to change things up and take a trip somewhere else. That’s not a problem because the timeshare company told you that it would be easy to sell your time to someone else and maybe even make a profit on it. That’s the first lie you discover.

Marketing the availability of your timeshare isn’t an easy thing to do. You can list it online but the company watching over the property will want certain criteria met as far as the people you are renting to. They want to ensure that these people take care of the property because the last thing they want is for something to break and then the other tenants demand they replace it. So, now you have to find qualified renters, who want to spend their vacation in Orlando, who are actively looking for a place where you are going to be posting your ads and who also are taking their vacation at the exact same time you have availability. Seems easy right? Actually, it feels more like a magic trick you have to try and figure out how to perform without any instructions or experience.

This is part of the problem and the expenses only go up more the longer you hang on to the property. Even better, you have to deal with new tenants who may not be taking great care of the property which is something you’re going to have to deal with as well. These are the type of headaches you can expect as you hang onto your property even longer and it’s time to start looking for real ways to get out.

If you are ready to learn about what your options are for canceling your timeshare, we invite you to contact us for a free consultation where an expert can help you better understand what your options are, how long it will take and more so that you can start enjoying your vacations without having to perform a magic trick.