A timeshare resort sounds like a pretty sweet deal. You have a consistent vacation home in some gorgeous slice of paradise, and you never have to go through the frustration of booking a hotel room again. Though a timeshare resort can verge on the pricey side, you and your family will always have a place that you can call your own... for one week per year at least! But there are definitely some timeshare tips to be aware of.
Sure, all those positives about timeshares sound ideal, we can't help but wonder: what are some secrets that timeshares are hiding from you? While buying a timeshare may seem like a smart investment, it's actually not an investment at all! Similar to buying a car, a timeshare loses 50% of its value the second that you purchase it. And similar to buying a car, the salespeople you have to deal with, can be pretty shady. Whether it's using tricky language or hiding certain fees so you're more willing to buy, timeshare reps, and time share resale reps are almost as bad (if not worse) than used car salespeople! No one wants to get hoodwinked by a timeshare scam, so be a smart shopper!Before you decide to commit to buying a timeshare, you really should weigh all of the different pros and cons. Whether this list makes you rethink your decision or has you moving full steam ahead on securing your dream timeshare, we hope you enjoy!
It's Way Cheaper to Rent a Timeshare Than to Buy One
If You Default on Your Timeshare, You Could Face Foreclosure
Timeshare Reps Use Tricky Wording to Convince You
Buying a Timeshare Comes with a Lot of Hidden Risks
Trading Timeshares Isn't as Easy as the Reps Make It Out to Be
The IRS Doesn't Care About Your Timeshare Losses