Timeshares have existed for centuries, though the industry has grown and overcome many changes over the years. As these changes occur, many myths have come about that many people don’t realize are misconceptions. Failure to understand timeshare myths can result in serious trouble. Some of the myths that exist about timeshares are below.
1- Timeshares Always Appreciate in Value
When someone buys a timeshare, they’re buying the ability to access the resort for a specific time period. So, no matter how fancy the writing, never falsely assume that a timeshare is real estate that appreciates in value because this simply isn’t the case. Don’t assume that your timeshare will bring more value later down the road.
2- You’re Stuck With Your Timeshare
In most cases, once you buy a timeshare it is yours to keep. But, many people learn that they don’t want the timeshare and those people do have variety of techniques to use to rid himself of that timeshare. If you are asking how do I get rid of my timeshare, you can sell it or possibly use one of several other methods.
3- A Timeshare Pays for Itself
Generally this is the selling point for a timeshare but don’t be so quick to believe the hype. A timeshare may not always be the great value that you hope to find and may cost you more money at the end of the day. Not only is property depreciation a concern, there are other worries that affect the financial aspects of a timeshare purchase.
Myths are out there and it is up to you to learn the truth, even when it comes to a timeshare. The three myths above are just a few of the most common myths that you’ll hear about timeshares but with this accurate information, you can thrive!