5 Myths About Buying Timeshares

5 Myths About Buying Timeshares

Whether you own a timeshare, are thinking of purchasing a timeshare, used to own timeshare or find yourself in front of a timeshare salesperson, you’re bound to come across some timeshare myths.  Here are the Top 5 I run into: 5 Myths About Buying Timeshares

1)  Timeshare is a less costly vacation alternative to renting hotels.

In rare cases and when purchasing on the secondary market, this may be true.  For the majority of owners, you’ll be paying more when you factor in the purchase price, annual fees and exchange/usage fees.  That’s not necessarily a bad thing.

2)  Real estate based timeshare is an investment and will appreciate in value. 5 Myths About Timeshare

NO, NO, NO, NO.  A million times no. 5 Myths About Buying Timeshares

3)  You can hire a company to get you “out” of your timeshare because the sales presentation took more than the agreed to 90 minutes.

The length of the sales presentation has nothing to do with the legality or enforceability of the contract.

4)  Brand name timeshares are better than others.

“Better” for who?  Based on what?  Each person has different needs.  Don’t fall for generalizations.

5)  Owning a timeshare makes vacation planning easier.

Unless you own a fixed week timeshare and plan on returning to your home resort each year, most people find that using a timeshare makes vacation planning more difficult, or at least more time-consuming.  Plan on making reservations 12-13 months out.

Have more questions?  Definitely consult an independent timeshare consultant.  Click here   5 Myths About Timeshare 5 Myths About Timeshare 5 Myths About Timeshare 5 Myths About Timeshare

5 Myths About Buying Timeshares

5 Myths About Buying Timeshares 5 Myths About Buying Timeshares 5 Myths About Buying Timeshares

about the author

Lisa Ann Schreier

Lisa Ann Schreier has been involved in the timeshare industry since 2000. Media outlets such as CNBC, The Chicago Tribune, The Ladies’ Home Journal MainStreet.com regularly seek her out. Lisa has written 2 books on timeshare aimed at consumers. In addition to her monthly “Ask the Timeshare Crusader” feature with Senior.com, she serves as the Lead Advocate on timeshare issues on Elliott.org. She also serves as the Director of Member services for the National Timeshare Owners Association. Senior.com readers receive a special discount on an annual NTOA Value membership by using CODE TI545…just click here to join http://www.ntoassoc.com/join-ntoa/

To send Lisa a question and have her answer it here in her column, write her at lisa@timeshareinsights.com and follow her on Twitter at @LisaLooksAt.

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