4 Fi nan cial Myth s Ab ou t Ti mesh ares
There are several misbeliefs surrounding timeshare that deceives people and make them fall into this trap. Timeshares can become a nightmare and one must give serious pause prior to purchasing it. Here are 4 popular financial myths about timeshares.
Myth 1: They Pay for themselves Fact: Timeshares never pay for themselves. Believe it or not, a salesperson would never try to disclose this information to you. Timeshares are not just about the initial cost, they also come with other expenses including maintenance costs, hidden fees, and more.
Myth 2: They are Smart Investments Fact: A Timeshare is never a worthy investment. They are money wasters, instead. This is because, the value of timeshare drastically decreases the moment you sign the contract. And that clearly negates the purpose of an investment rarely if ever will you recoup even a portion of your investment.
Myth 3: They are Easy to Sell Fact: Timeshares are extremely hard to sell. The demand for it is less than ever before and it is hard for anyone to find a suitable buyer. People who are not on vacation at a resort with the high pressure sales pitch are aware timeshares are a poor investment, hence it becomes very difficult for you to resell for even a fraction of the cost you paid for it even during good economic times.
Myth 4: They are a Safe Bet Fact: Timeshares are risky. Most timeshare properties are in areas that are easily exposed to natural disasters and when such an event occurs, a timeshare management company could go bankrupt and or levy each timeshare owner from that resort a huge assessment to cover the damage. And if a caretaker doesn’t maintain your property, physical damages would make it nearly impossible to sell.
Never fall prey to a timeshare high pressure sales presentation. Always sleep on it. The “great deal� will be there tomorrow. For details, visit www.susanbudowski.com or Call 800 854 7872.