The timeshare concept has been imported from the IT field, originated by the meaning of “technology that allows multiple users to simultaneously access a central computer via distinct terminals.”
Acceptance of the concept in the field of the law has prompted it to designate the ownership or joint lease of a vacant property by several persons, who are allowed to use that property in rotation, each year, for specified periods of time.
The idea seems good, but many people regret purchasing a timeshare and here are their reasons:
First, the concept is not what it looks like. The timeshare system has been initially regarded as a real estate intended for families and seeking to solve their holiday accommodation problem. In most cases ownership is transferable to a third party, including through inheritance. A timeshare system imposes a certain amount of rigor in planning and organizing your holiday, which is not always convenient or possible, not to mention that there are fees to pay if you want to make a change, with another timeshare owner, to diversify your holiday destinations.
In addition to the initial investment, owning a timeshare also involves maintenance costs, other annual fees, lawyer or brokerage fees, and the list can go on. Many owners, after realizing the additional fees and associated costs of owning a timeshare, look for a timeshare exit strategy Colorado companies offer.
Owners can always try to resell the purchased package, but they will not sell it at the same price as they bought it, so timeshare holidays are just an illusion of investment.