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.
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