Are you contemplating the purchase of vacation ownership in form of timeshares? While the concept sounds enticing, you may have come across a ton of negative feedback from disgruntled buyers. Carrying out extensive research before buying a timeshare will give you the basis for a sound decision. Before you settle on a definite answer to the question of whether you should be buying a timeshare, it would be best to understand both sides of the coin.
In this guide, we take an objective look into timeshare ownership, carefully weighing both the pros and cons. Let us dive right into it:
Timeshare Pros
- Cheaper Vacations: One of the foremost benefits is the opportunity to cut down on vacation expenses and get access to a variety of vacation spots. With a timeshare, you can vacation at the same resort every year or opt for exchanges to travel to different resorts in the developer’s portfolio.
- Saves on the Expenses of Owning a Vacation Home: While you get more or less the same benefit as a vacation homeowner, it spares you the associated expenses including taxes and insurance. It also spares you the responsibility of handling maintenance and repairs on the property.
- Purchasing a Timeshare Resale Saves on Initial Cost: Rather than buying a timeshare on the retail market, you can buy a resale for a fraction of the value. You would still get access to the same features. To get great bargains on timeshares for sale, visit Grayscale Marketing Source. On this marketplace, you will get a wide variety of vacation ownership deals at incredible discounts.
- Access to Luxurious Resorts at a Fraction of the Cost: Timeshare properties are typically luxurious vacation spots that not everyone could afford to pay for at the full price. With a timeshare deal however, you can get full access to a variety of such facilities in different corners of the globe.
Timeshare Cons
- Difficult to Terminate: One of the worst aspects of this agreement is the fact that getting out of it can be a nightmare. Timeshare contracts feature perpetuity clauses designed to keep you on the leash for decades without an option for voluntary surrender. That explains the great number of low-priced offers for resale online.
- Recurrent Fees: While you get to vacation for a low price on an annual basis, you also have to pay maintenance fees every year. While this may not be much of a challenge at the time of purchase, loss of employment or other life changes can turn it into a huge financial burden later on.
- Depreciating Value: Many potential buyers ask whether a timeshare is a good investment. Well, unlike most real estate investments, this one depreciates in value right from the moment you sign the paperwork. It is extremely hard to recover the initial investment amount when you opt for a resale.
A Candid Assessment of the Facts
A candid assessment of the above pros against the cons will help you get an answer to the question of whether getting timeshares are worth it. If your answer is yes, it is important to note that if at any point you wish to get out of the commitment, you still can. Grayscale Marketing Source offers timeshare marketing resources for users who may no longer have the time to use theirs or for another reason want out. Listing your timeshare on this marketplace will get it off your hands and into those of an interested buyer without hassle.
