Before We Begin, here’s a Quick Restatement on What Timeshares Entail…?
By Definition – Timeshares are retreat homes divided among people who wish to invest into it and acquire the right to use each year for a specified timespan. It is often seen folks ready to pay a lump-sum amount right upfront to secure their timeshare location for their weekly holiday each year!
That said – you actually don’t need to gain ownership of the chosen timeshare just so that you can use it (which many unfortunately hold the notion about).
In fact, experts of Linx Legal opine –
“Timeshare stocks are not worth buying. Lies often run rampant in the timeshare industry ever since its inception. And with time, it is most likely to continue.”
(CONTINUING…) Why Linx Legal Experts Suggest Timeshare Stocks Are Not Worth Your Investment?
Having your own vacation home does sound nice. You can go visit and chill out for days, even weeks – be it your homies or your partner whenever you so choose!
However, after your initial lump-sum investment, you also have to pay its yearly maintenance fee for as long as you wish to keep its ownership intact. To some, this could seem fine, considering they can come and crash at their vacation property whenever they feel like it.
Explaining with an example –
You are investing money to use the vacation rental for a week in the whole year. And depending on the amenities provided, the location, and the maintenance costs, you need to spend somewhere in between $10,000 –$50,000 (give or take) to retain its ownership!
Yet, From a Rational Point Of View –
- “INVESTING IN TIMESHARE STOCKS DOESN’T HELP YOU GENERATE ANY INCOME.”
Again Explaining With an Example –
In contrast to the above scenario, if you invest, say, $10,000 into mutual funds @ 12% return guarantee, in 10 years, you will get more than $30,000 (minus the yearly contributions). And if you do the math for what you will potentially get after 20 years, it could be close to $100,000 (give or take)!
So, as you can see, you are way better off not investing your money on timeshare stocks simply because there is no scope of generating income out of it.
Don’t mistake this to be similar to real estate because it is most certainly not. It is just you carelessly spending a huge sum of money on a vacation spot for a week’s enjoyment each year.
And truth be told, instead of doing this, you would be better off simply staying at a hotel or renting a resort unit for your holiday week. That would be a much more sensible choice!
Need More Convincing…? So Be It!
- TIMESHARE PURCHASE MEANS YOU CONSTANTLY HAVE TO KEEP PAYING ITS YEAR MAINTENANCE COSTS!
In the words of Linx Legal specialists –
As you sign the contrast’s dotted lines, you basically agree to spend unnecessary money for the timeshare maintenance fee. Plus, there is a hard-core guarantee that its costs will continue to be thru your ownership terms.
If your budgeted yearly fee is estimated to be roughly $500, in no time, it can double up (or escalate even more). And when that happens, then you will find yourself reeling under the unnecessary burden of its increased maintenance cost; simply because the escalated sum could prove difficult for you to cover.
- DESPITE THE AVAILABLE OPTION OF CANCELLING YOUR TIMESCALE; THIS CAN STILL POTENTIALLY COST YOU MORE IF YOU DON’T GET EVERYTHING RIGHT!
Timescale ownership can really put you in a pickle. While it is true that you do have the option of canceling your ownership, you still need to get it right. There has to be no margin for error, or this could result in costing you more in the process.
Experts at Linx Legal clearly state –
If you think you cancel this unappreciative expense and save your existing funds, then be sure to thoroughly go through the timeshare contract in order to determine the right way to either resell or cancel!
That said, reports from the last couple of decades clearly point out that roughly 3.3% of timeshare owners were successful in canceling or reselling their vacation rental area.
To properly re-sell or cancel your timeshare rental area, you need to play it cool and act smartly- even if the odds are stacked against you based on the aforementioned data.
More specifically, you need to enlist assistance from an authentic timeshare exiting firm to ensure you don’t end up spending any more cash than you need to separate yourself from the contract.
These professional experts will be more than happy to aid you in your quest and, in the process, preserve your remaining hard-earned capital!
- WITH A TIMESHARE RENTAL SPACE YOU BASICALLY HAVE TO KEEP PAYING EVEN WHEN YOU TIRE OUT OF THE SAME PLACE AND DON’T PLAN ON USING IT ANYMORE!
This is the worst reason of all.
Regardless of how much you appreciate visiting your vacation rental weekly spot, you will tire out after a point. Simply because you are going to the same location and staying at the same spot over and over and year-after-year!
There is no variety in enjoyment or difference in the scenery. And eventually, this whole endeavour will turn into a complete drag.
Moreover, this will also rack you up with the regret of still keeping the timeshare rental spot. Even if you wish to go somewhere else for your vacation, you still won’t be spared with the timeshare rental space cost- even if you don’t use it for a particular year!
In the words of Linx Legal specialists – the wiser choice would be to book a resort at the destination to intend to holiday at. Doing so will save you from the shackles of paying up annual fees and maintenance costs each year for your timeshare rental vacation property.
Remember- There’s Still Time to Ditch Your Timescale!
Owning a timescale means giving an invitation to a whole lot of unwanted complications and unnecessary expenses. And for all the unavoidable trouble they bring, they most certainly aren’t your time, interest, or investment.
If you think you’re ready to give up your vacation timescale, associate with a professional timescale exit company to help you with the cancellation or reselling process.
With their assistance and professional guidance, all your concerned timescale problems will quickly turn into pixie dust and float away!