As the timeshare industry became more popular since its introduction in 1970s, there are also myths surrounding this industry that deceived some owners in various ways. Some of these myths are fuelled by greed and some by speculation. These are also responsible for wrong information received by any potential owner that could result to problematic timeshare ownership. Thus, some of these owners may want to get out of their timeshares.
First myth that almost any owner believed the day they purchased their units is that the timeshare is a financial investment. This sounds interesting and could entice any potential owner but when we say financial investment, it means that it is profitable or there is a return in any financial means. Timeshare ownership is just all about a vacation experience that allows you to stay in a resort of your choice that ordinarily would be out of your reach due to financial constraints.
Another myth is that the timeshare resale value is worthless. Some owners who look around for companies to handle the resale of their units were informed by unethical sales people that it was worthless. For some owners who believed this statement, they succumb to the pressure of releasing it into the hands of these unscrupulous organizations that even convince the client they are rescuing them and they are best shot of it. These companies however, can sell your timeshare at 100% profit.
So, these are just some of the most common false beliefs regarding timeshare ownership. If you plan to own one, be aware of these to avoid having difficulties in your ownership in the future. Take note that there are many owners nowadays who are getting rid of their timeshares. For some, they even hire a timeshare transfer company like the Transfer Smart just to get rid of it.