Let's take a look at some of the most common misconceptions.

Myth: If I buy a timeshare it will appreciate in value and when I go to resell it, I will make a nice profit.

Fact: If you're buying a timeshare as an investment, you might want to look to other investment opportunities instead. While timeshares do have their good points, being a wise investment isn't one of them.

Timeshares rarely appreciate in value. In fact, you might have to take a loss if you go to sell your timeshare at some point in the future. This doesn't mean that a timeshare is a waste of money. It just means that timeshares are not intended for investment purposes.

Myth: If I buy a timeshare, I'll have to visit the same place during the same time year after year.

Fact: Timeshares are actually flexible in their use. Through many timeshare enrollment plans, you can trade your timeshare usage with other timeshare owners, allowing you to visit different places at different times of the year.

Myth: The only cost I incur with a timeshare is the cost of the timeshare itself.

Fact: In addition to the price of the timeshare itself, you're going to need to pay an annual fee for the upkeep of that timeshare. This fee can range anywhere from under $100 to close to $1000 and up depending on the timeshare you own.

Myth: All timeshare opportunities are scams.

Reality: Timeshare opportunities are not all scams. Timeshares do have their benefits, but as with any major purchase it's important that you read the fine print before purchasing any timeshare package.
 

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Some Further Notes              Reply to this Comment Timeshares may not be near as flexible as the sales person leads you to believe - especially if you don't have your timeshare at a popular destination spot during a peak travel season. Most timeshares lose 50% or more of their value as soon as you sign on the dotted line. Rarely is a timeshare a smart choice...proceed with great care if you are considering purchasing one!                By:  timeshare trap        Posted: Dec 31 2005 01:03:59 AM Some Further Notes              Reply to this Comment Timeshares may not be near as flexible as the sales person leads you to believe - especially if you don't have your timeshare at a popular destination spot during a peak travel season. Most timeshares lose 50% or more of their value as soon as you sign on the dotted line. Rarely is a timeshare a smart choice...proceed with great care if you are considering purchasing one!                By:  timeshare trap        Posted: Dec 31 2005 01:05:04 AM Other              Reply to this Comment i liked your site                By:  Peter Jones        Posted: Apr 17 2006 12:32:02 AM Timeshare's more myth than reality              Reply to this Comment Thank you for your concision and clarity. It took my husband and I a long time to figure out the facts you presented here. I took a big lose in the end, after my he passed and I was left holding the bag. I was completely at a lose at what to do about the fees of a property that had no value--atleast it seemed since no one would buy it. While I agree with you that all timeshare companies probably aren't scams, the industry is in no way set up to penalize and reign in the wrong-doers. If it hadn't been for a friend informing me about Timeshare Relief that transfers timeshares out of your hands for a nominal fee, I'm sure I'd still own it. Contact them if you're reading this and share my experience. They saved me from years of hardship and grief.                By:          Posted: Dec 18 2006 11:38:43 PM

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