Timeshare condos were a trendy idea in real estate for awhile. That’s because on paper (or in a slick sales presentation) the idea of a timeshare sounds fantastic. The buyer gets to use a beautiful condo vacation home in a gorgeous setting, while only having to pay for a portion of the property’s ownership. If the property increases in value (which potential buyers are assured they will), the whole situation is win-win for everyone. The co-owner gets a fantastic investment at a fraction of the cost, with a great vacation home in the bargain! If that sounds like a pretty slick deal, it is, and most people who buy timeshares are given a very fancy presentation that plays up all the positives on timeshare ownership, while glossing over any negatives. Still though, what could possibly go wrong?
The Problem of Unloading a Timeshare
For many timeshare owners, the problem of getting out of a timeshare is a big one. Some owners get tired of “sharing” their vacation home, and having little opportunity to use it. Some owners find that their family situation has changed, and they aren’t able to get away as much as they once did. No matter the reason, if an owner needs to sell their share of their property, they should be able to do that. Many timeshare owners, however, find that the contracts they signed for their property bind them to the condo in ways they didn’t understand. This has turned into a serious issue for some timeshare buyers, and that’s why legal consulting agencies now specialize in dealing with the problem.
No one should feel they’ve been duped by the wording of a contract, and that’s why now there is help available for those who are facing these situations. If you or someone you know is stuck in a contractor for a timeshare, seek help through a legal consultant that specializes in timeshares, and make the condo go away for good.