Timeshares offer vacationers the opportunity to use a vacation property for a limited amount of time each year. While these may sound like great deals, our office often hears complaints from consumers who have been hit by hidden charges in their timeshare agreements.
Be thorough in your research prior to purchasing a timeshare so you understand the true cost of ownership. In addition to the purchase price, timeshare owners are usually required to pay annual maintenance fees, which can go up each year. Improvements to the timeshare property can also result in additional costs.
If you decide to sell your timeshare, the company may charge you recurring listing fees.