For those who are not familiar with the concept of timesharing, it is basically an agreement that gives the owner the right to use the property for a certain period of time. But due to the high maintenance fees that are usually increasing year after year, the timeshare industry has suffered economic drawbacks recently. As a result, many owners are trying to get out of their timeshare properties.
Currently, there are thousands of timeshare properties available in the market and there are also more sales folks who would do and say anything to make a sale. For some who already encountered a timeshare salesman, they already know how painfully aggressive they are. With their sales tactics, they can make you sign the timeshare contract. Remember, that owning a timeshare with this economic climate is not that easy. So, before you make your purchase, be sure to consider any angle possible upon owning such property.
Here are some pros of owning a timeshare: you can rent or sell your unit if you’re not using it; you don’t have to worry about maintaining the unit; and you can have the comfort of your home as it is with kitchen, washers, etc.
On the other hand, here are some cons in owning such property: paying an annual fee unless you’re planning to use it every year does not make sense financially; same resort each year can be boring; usually it has no tax advantages and you may have guilt or regrets if you don’t use it.
Owning a timeshare can be a great way to enjoy a vacation but bear in mind that there are several owners nowadays who are trying to get rid of their timeshares. Some even consult a timeshare transfer company like the Transfer Smart just to get rid of their timeshares. So, if you intend to own a timeshare, take time to consider those pros and cons mentioned above and arrive at a smart decision.