Know Your Timeshare’s Worth for Your Own Relief

Timeshares are sometimes mistaken as investments. Most timeshare owners seeking for timeshare relief once thought of the vacation package that way but then later on realized that such is not true. Timeshare is not an investment because its worth continues to decrease in time.

Timeshares are bought at a high cost. The acquisition rate is high especially if it is a new package from a timeshare company. The cost of marketing of the property makes it more expensive than its supposed amount. But aside from that fact, the amount of a timeshare does not increase much after purchase.

A timeshare continues to decrease in worth the moment it is bought. It loses 40 percent to 75 percent of its market value the moment a contract is signed for its ownership. This is mainly because the salesperson and the company automatically receive their expected commissions.

The value of the property is all the more lost with time because improvements and renovations become minimal as years go by. Timeshare companies transfer the responsibility of up-keeping the units to the timeshare owners once they are sold. These units are already considered responsibility of the timeshare owners with the contracts they signed into and so they are bind to take care of the units. With such case, the property does not increase in value.

Timeshares seem a good buy especially for vacationers who regularly go on vacation. But timeshares do not increase in value and they never will. So it might be better if you get rid of your timeshare if you find it expensive to keep.