Timeshare Facts & Buyer Beware
Get the facts before you buy, sell, or exit a timeshare. Here’s what every owner and prospective buyer should know about the true costs and realities of timeshare ownership.
Maintenance Fees: The Hidden Cost
Most owners pay annual maintenance fees that rise over time—often outpacing inflation. These fees are required whether you use your timeshare or not.
Key Facts Every Timeshare Owner Should Know
- Timeshares are not financial investments. Their value lies in vacation use—not appreciation or resale value.
- Resale value is extremely low. Most timeshares sell for pennies on the dollar, if at all.
- Recurring costs add up. Besides maintenance fees, owners may face special assessments, exchange fees, and financing charges.
- Ownership is often usage rights, not property. Most contracts grant the right to use, not true real estate ownership.
- High-pressure sales tactics are common. Know your rights—including the rescission period to cancel a purchase.
Real-World Example
A couple paid $50,000 for a timeshare—only to later find the exact same property listed on eBay for $1.00. This is not uncommon: many owners are shocked by how little their timeshare is actually worth on the resale market.
Based on real user experiences reported on Reddit and actual eBay listings.
Tip: Compare Before You Commit
Compare the total cost of a timeshare (including all fees) to the cost of hotels, vacation rentals, or other travel options. Timeshares rarely make sense financially unless you use them every year and bought at a steep discount.
Learn More
- Investopedia: Timeshares—Dream Vacation or Money Pit?
- Finn Law Group: Timeshare Ownership Explained
- ARDA: Industry Research
¹ Source: ARDA, 2024 State of the Vacation Timeshare Industry