Today we will cover five of the biggest lies timeshare sellers tell in their effort to lure unsuspecting buyers and reveal the truth/reality behind each one as well. This will be a re-occurring column considering there are endless lies to reveal and debunk.
The Truth: Timeshares are not investments. Unlike real estate properties that can appreciate in value, timeshares typically lose value the moment you sign the contract. Reselling a timeshare is notoriously difficult, and owners often have to sell at a fraction of the original price—or worse, pay someone to take it off their hands.
The Truth: Many timeshare contracts include “perpetuity clauses,” meaning your heirs could inherit the financial obligations whether they want the timeshare or not.
The Truth: Once you sign a timeshare contract, you are legally bound to its terms. While there is usually a brief cancellation window (often just a few days), getting out of a timeshare after that can be extremely difficult and expensive. Many owners have had to turn to costly legal services to escape lifelong payment obligations.
The Truth: Maintenance fees nearly always increase over time due to inflation, property upgrades, and management changes.
The Truth: Timeshare companies rarely, if ever, buy back contracts. Reselling a timeshare is usually left entirely up to the owner, often at a significant loss.
