Getting out of the ownership of a timeshare shouldn’t be complicated, yet for many people who invested in co-ownership thinking it was just a basic real estate transaction, the reality is complicated.
Most people invest in timeshares after sitting through a sales pitch that makes timeshare ownership sound like they’ll be given the keys to the gates of heaven. These sales pitches often take place in luxurious surroundings, on the site of the timeshare, where wine and good food are dispensed freely. Potential clients get sold on the advantages of being able to stay in a luxurious vacation spot whenever they wish, in a property that is “sure to increase in value.” What’s the catch? Actually, there are quite a few.
Getting Out of a Timeshare
A timeshare can work well for some people, as long as they have access to it when they want it. This doesn’t always work out, however, as co-owners often vie for time in the condo during the same holidays or vacation cycles. Some owners just find that their needs change, and they aren’t able to get away as much as they’d hoped. Even if the condo isn’t used much, however, there are still fees to be paid, which can really add up.
One of the biggest difficulties for many people is in ultimately selling off a share in the property if they aren’t getting much use out of it. Many people discover that the legal wording in their timeshare is very complex, and hard to understand. This can lead to problems when it is time to sell. This has become such a big problem for many people that there are now legal consultation companies that help timeshare owners sell off their shares.
If you are caught in a situation in which you are legally bound to a timeshare, seek help in getting out of the contract. Help is out there, so call today.
