Perhaps
one of the most questionable investments in the market today, timeshares may
sound like a great opportunity to secure a place to go on holidays each year
and a piece of property that you can always sell once you’ve gone tired of it.
Timeshares are such great prospects that most people who find themselves caught
between a high-pressure salesperson and an enticing contract end up signing an
agreement without thinking much of what the investment truly entails—the result
being year in and year out of added financial obligation for a place with very
minimal square footage and a chance to visit for a week each year. The costs
don’t even stop at annual fees as timeshare owners also have to pay extra for
maintenance fees and other on-going costs, leading many to want to cancel a
timeshare contract.
Trying
to get rid of a timeshare can also be a challenge, leaving many people stuck
with an expensive and on-going headache they have no idea how to get out of.
Fortunately, there are ways that you can cancel
a timeshare contract even
outside of the legally allowed rescission or cancellation period. Like any
other contract, you have the right to cancel a timeshare within the allowed
period (3 to 7 or 15 days in most states). Outside of this, you can explore
other options to rid yourself of the headache of losing thousands of dollars
from an investment that goes down in value faster than your newest car.
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