Why is it so Difficult to Cancel / Sell a Time Share?

Posted by Mathew Corper on December 28th, 2015

Are you a resident of Canada who has a timeshare membership in the Caribbean, Mexico or even the US? Are you finding it difficult to cope with the increasing maintenance fees that go up by about 12% every year? Are you looking to get out of your contract or even sell your timeshare? If your answer is yes, then US consumer attorneys are the right ones to help you.

Reselling your timeshare

To put things very plainly and in perspective, timeshares are not investments and they are almost impossible to resell. This is why the timeshare market in Canada has so many properties up for resale with no takers. Even if you are lucky enough to find a buyer, you will only make up a fraction of your costs as the original price you paid will include other cost like sales, and could add up to 40% of the amount that you pay. In addition to this you will also need to pay the broker a commission. So, when you actually put your timeshare property up for resale in Canada, don’t expect to get much out of it.

Then why resell?

If the resale market for timeshares for sale in Canada is not that great then isn’t it better just to keep the property? This is a very common question that most timeshare owners tend to ask their attorneys. The answer really depends on the client and their lifestyle. When owners decide to sell their timeshare they do it mainly because they almost never get the dates that they want to use the property for, and because of the ever increasing maintenance fees. For people like these it is a question of cutting their losses while they can. So you need to ask yourself if you really see yourself using the property to justify what it costs you. If not, you need to consider getting out of your contract, even if you cannot sell it to someone else.

Considering a cheap timeshare?

If you find cheap timeshares for sale in Canada, they are probably resale properties. So while you will get them at a price much less than what the original owner paid, you may want to double think your purchase. For starters, consider why the owner wants to sell in the first place. You also need to consider the burden of the ever increasing maintenance fees. While buying a timeshare is easy, getting out of it is very difficult, so think very carefully before you make a decision.

About Author: This article written by an expert author, who is specialized and describe about Resale Timeshares for Sale in Canada and cheap timeshares are available for sale in Canada. For more about Timeshare services visit! www.usconsumerattorneys.com