The truth is, timeshares were never meant to be sold as any type of financial investment or asset. Despite what the sales representative may have told you. Here is what the Federal Trade Commission has to say about timeshares having financial value.
“The sales staff may tell you that a timeshare is a solid financial asset, but the value of a timeshare is in its use as a vacation destination, not as an investment. Plus, your timeshare may include hefty ongoing and recurring fees for maintenance and other items.”
This is language found in a U.S. timeshare resort’s public offering statement.
Many Resorts use similar language in their owner manuals, master agreements, or public offering statements.
“Owners attempting to resell or rent their Unit or Unit Week would have to compete, at a substantial disadvantage, with the developer in the sale or rental of its unsold Units or Unit Weeks. Generally, there is no established market for the resale of Units and Unit Weeks or for the rental of Units and Unit Weeks in the Condominium”
“Units (other than Commercial Units) and Unit Weeks are offered for sale for personal use and enjoyment only and should not be purchased by any prospective purchaser for resale or as an investment opportunity or with any expectation of achieving rental income, capital appreciation, or any other financial return or valuable benefit, including but not limited to any tax benefit”
The moment you signed your timeshare contract, it became a legally binding document. One that demands careful consideration, especially when seeking to exit or terminate your timeshare ownership. In the potentially complex process of timeshare cancellation, the collaboration of both experts and attorneys is important.
Newton Group’s unmatched timeshare exit experience, knowledge, and key industry relationships combined with the power of the nation’s leading timeshare consumer rights law firm – all under common ownership. This makes Newton Group uniquely positioned to assist timeshare owners.
The process is simple! Click HERE – enter your timeshare information. A specialist will follow up with you to confirm your information and schedule a time for you too receive your timeshare contract review. All it takes is 15 minutes to get on the path to timeshare freedom! Learn your options today!
With Newton Group – timeshare exit experts and your personal attorney will work on your behalf to END your timeshare ownership. We do not sell or buy timeshare. We soly work on ending your timeshare obligations–helping you save on timeshare maintenance fees & mortgage payments.
Timeshare exit companies can work in disguise, promising to sell your timeshare or claiming to have a buyer ready to take over your ownership. Before hiring anyone we recommend reading the Consumer’s Guide To Timeshare Exit. You can receive your free copy by filling out your timeshare information below.
If You have a timeshare you no longer with to own — 15 minutes can get you on the path to timeshare freedom. After submitting your information you will receive a free timeshare contract review and learn your options for ending your ownership from the
Nation’s Leading Timeshare Exit Experts.