Owning a timeshare is not always as you have pictured, so you should carefully consider the decision to purchase before signing the contract. There are however licensed Timeshare Lawyers who can help you with terminating the contract if you have already signed, and are now re-thinking your decision.
The most important thing is to be informed and understand exactly what means to own a timeshare. Many people do not fully understand the advantages and disadvantages and they end up regretting their decision.
Timeshares are not always good investments, because they are expensive, and when we say “expensive” we do not take into account just the initial cost. There are also special assessments and tax bills that do not pay themselves. Failing to keep up with all the costs will face you with foreclosure. Another aspect is that you may need to get a mortgage for purchasing your timeshare, if you can`t afford to pay cash and we all know that mortgages are a huge financial stress factor, sometimes over many years.
Timeshare salespeople are very convincing and insistent; make sure to say yes only if you feel comfortable with this, not because you feel pressured into making a decision that will only bring you headaches.
Not least, you must know that timeshares are typically very difficult to sell, so you may lose money in the process.
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