Timeshare news is important to keep abreast of if you are looking to purchase a timeshare or are already a part of the timeshare community. Keeping on top of current events is vital to protecting your rights as an owner and understanding the latest developments within the industry.
The most recent news in the timeshare space includes an increase in misleading timeshare exit companies, a new law that aims to protect timeshare owners from unscrupulous developers, and more. To stay on top of the latest timeshare news, here are some tips and resources to help you stay in the loop:
Check out the Timeshare Crusader Website or the Timeshare Users Group for helpful consumer-friendly websites that offer information about all types of timeshare properties. These sites are often the best places to begin your research before you tour a property or speak with a travel agent.
Avoid purchasing a timeshare that has higher dues than other vacation homes or condos. While it is understandable that you would want to save money by owning a timeshare, a higher dues structure can lead to a downward spiral of declining resort quality. It also can make it hard for you to enjoy your vacations because you can’t afford to go on your dream getaway or use all of the amenities that the resort has to offer.
If you are considering a timeshare, make sure to do your research and understand how much the resort you are thinking about buying a timeshare from charges for their membership fees, maintenance fees and annual dues. You should also consider getting a professional opinion from a timeshare attorney or a licensed broker who can explain the ins and outs of timeshare ownership.
Look for timeshare exit companies that focus on helping people get out of timeshare contracts and reclaim their freedom, not just selling them a new one. These companies will offer a free consultation and provide a plan for you to cancel your timeshare agreement.
You can also search for timeshare exchanges online to find out how many others are looking for an exchange at your resort, and how much the fees are. Then, you can decide whether to sell your timeshare and recoup some of your investment or give it away in exchange for a more flexible and maintenance-free vacation experience.
While timeshares have a long-term commitment, they can be very difficult to get out of, especially if you have purchased one that isn’t from a reputable developer. This is because it’s nearly impossible to walk away from a timeshare without paying the annual fees and dues.
In addition, timeshares often have hidden fees that aren’t disclosed to the buyer. Those fees may include maintenance fees, resort upgrades, exchange fees and more.
When you are ready to cancel your timeshare contract, it’s vital that you have a qualified expert by your side who can help you navigate the complicated legal process and take steps to regain your freedom. Legacy Exit Group offers a variety of services to help you cancel your timeshare, including a free consultation, an analysis of your contract and a plan for getting out of your timeshare.