A timeshare may seem like a great purchase at first — a guaranteed vacation for you and your family year after year. But what happens when the appeal fades and you have a timeshare that you either can’t, or don’t want to use? Research shows that an overwhelming 85% of timeshare owners regret their purchase1. With over 9 million timeshare owners in the United States2 alone, that equates to a large number of unhappy consumers out there.
The top reason for this regret stems from the financial burden that comes with timeshares. Not only is there the significant cost of the original purchase, but there are also rising maintenance fees, the risk of special assessments, and the reality of lifetime contracts. [Read more…]