I see alot of time share properties for sale at a good cost but I am worried about "you get what you pay for".
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I was looking at a website that was selling timeshares a while back(I wasn’t going to buy one–just looking) and the one thing that struck me time and again was the annual maintenance fee. For the price of that fee I could stay at a high end hotel in the area of the timeshare for a week. Needless to say, I thought they were all too expensive.
1) They are tired of them
2) They don’t want to pay all the annual fees and taxes
3) The time share sucks
4) They need the money
5) They realized the got ripped off buying it
The #1 reason is they don’t want to keep paying the maintenance fees.
Maintenance fees are the biggest source of revenue for the time share seller.
That’s why they will NOT take them back when you grow tired of paying maintenance fees every single year.
If they take them back, then who’s gonna pay their outrageous maintenance fees?
We have enjoyed our time share for over 25 years. The maintenance fee is now 600.00 a year. this is for a two bedroom fully equipped house in Kissemmee Fl. The problem now is we are getting on in years and find travel difficult. That would be the only reason to sell
People decide that timeshare is not for them because they bought for the wrong reasons to star with.
Timeshare is a good way to VACATION and never should be seen as a financial investment.
This are the main mistakes people fall into when buying a timeshare that results in to a bad decision.
- People buy panning on renting the facilities to a third party.
- Plant to resale it and make a profit.
- Want to exchange often.
- They don´t LOVE the location of the home resort.
- Signed the contract in the same day as the sales pitch.
- Buy from the developer at 1000´s of dollars and then realize that the same timeshare is worth a few hundred in the resale market.
- Buy without visiting the facility.
- CAN¨T afford both the maintenance fees and the round trip every year.
- And the list is endless.