The Truth About Timeshare

Timeshare is and always will be a difficult topic of discussion. Most owners currently sharing time think of their week as "real estate" and sadly so, this is not true. Although real estate agents may sell timeshare, technically it is simply deeded time and here's why:

• You can't make any modifications to the unit.
• You can't place a for sale sign in front of it.
• How can you show it to a buyer when it's not your week?
• Would you hang your family pictures in it?

Timesharing is merely several owners all using the same vacation property during different intervals. When a buyer signs on the dotted line, all they are purchasing is a block of time, and not the physical property.

Most owners who purchased these resales directly from the resort have over paid compared to what private owners are selling for today. This is a sad truth but your timeshare is still worth something and selling for a bit less than you planned is still a good thing.

Once you're done with the timeshare you must now sell it. Doing that can sometimes be difficult. You will have to solicit the help of a resale advertising company or somehow sell it yourself. If you decide to use a company they will charge an up front fees for their services. Be cautious at this point, think about the money and don't get scammed!

We're not saying timeshare is worthless or that all timeshare loses value, but it must be looked at realistically. In the real world it was purchased for $10,000 and the same owners kept it for 20 years, to sell it now for $4000 or $5000 is fantastic, unless it's one of those timeshares that really hold their value or the resort has a team of sharp suited salesmen selling these units from the resort. Check Out Our Pricing Guide

Think of it this way, if the resorts are selling the same property now for $15,000 and private owners are selling for half that, how can one expect to sell for more?

Timeshare is a great idea as long as it is kept in the correct perspective. Owners should carefully weigh all their options and keep the truth in mind about timeshare. It's not real estate, and most often the return on your investment was the many years of vacations spent there with family and friends in that timeshare.