No matter what that slick salesman tells you, vacation timeshares aren’t a good deal. Surprised? Don’t be. Many timeshares owners lose the freedom to vacation wherever and whenever they choose — or even skip one, considering annual maintenance fees averaging $731. Timeshares are also notoriously overpriced to cover sales commissions approaching 35% and marketing expenses for prizes used to lure potential
buyers suckers. Maybe that’s why timeshares depreciate faster than new cars; they’re so unpopular, weary owners have trouble selling them.
The bottom line: Most people who bought a timeshare will say they’d have been better off hiding their money in a time capsule. Sell yours now.
Photo Credit: egevad