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Time-Share Resale Pitfalls Part 1
Many of us have heard the spiel for purchasing a time-share. The "Sales People" show you around their Vacation Home Community only showing you the 3 units that are in the best of condition. Afterwards they take you through the Grand Clubhouse where they tout all the benefits of buying at their location. Later on you find yourself sitting with these trained closers as they promise you what seems like the deal of the century. Caught up in all the hype, you find yourself purchasing a week of time-share that seems to be the best opportunity that you have purchased in your life. You leave the office excited and proud that you were able to negotiate a price $1,000 below what they already told you was the deal of a lifetime.
Now, fast forward 10 years. You find that you only used the unit twice since you owned it. The yearly maintenance fees are double what you were originally told. You hate the location and because you bought in a slow time, no one will rent the unit when you don't use it. And now for the real kicker, when you decide you have had enough and want to sell you ... more

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