The Cons of Timeshare Ownership

This will be brief. I have identified the 3 largest disadvantages to timeshare ownership:

1. Timeshare properties do not increase in value like traditional real estate.
2. There is a risk your annual maintenance fees will increase significantly over time.
3. If your resort is not part of a club, you may get locked into vacationing at same resort every year. However, if you join an independent exchange company (such as Interval International or RCI) you can solve this problem (but with an added expense).

If you are considering buying a timeshare, ask lots of questions and be prepared for surprises at the "closing".  It is never too late to back out. Even after the closing papers are signed, there is a time period you can cancel (rescind) your timeshare contract. Timeshare rescission laws vary from state to state. So if you are having second thoughts, or you have done research after the signing that has made you change your mind, you do have options.