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WHY CAN'T I SELL MY TIMESHARE? Yes, when you want to sell your timeshare interest, you are competing with the resorts for new buyers, and they rig the game in their favor. The resort explains that owners who buy directly from them have the right to reserve a unit to use or exchange, whereas resale purchasers have limited exchange rights—locking them into the same timeshare year after year. As a result, the resorts are manipulating the secondary market and intentionally devaluing your timeshare. “Additionally, most of our vacation ownership interests provide us with a right of first refusal on secondary market sales. We monitor sales that occur in the secondary market and exercise our right of first refusal when it is advantageous for us to do so, whether due to pricing, desire for the particular inventory, or other factors. All owners, whether they purchase directly from us or on the secondary market, are responsible for the annual maintenance fees, property taxes and any assessments that are levied by the relevant property
owners’ association, as well as any exchange service membership dues or service fees.”
In summary, anyone who purchases a timeshare on the resale market, with restricted benefits and privileges, has to pay the same ongoing fees to own that timeshare as a person who buys directly from the resort. Furthermore, this developer reserves the right to override any purchases made on the resale market when it suits their needs.
“The sales staff may tell you that a timeshare is a solid financial asset, but the value of a timeshare is in its use as a vacation destination, not as an investment. Plus, your timeshare may include hefty ongoing and recurring fees for maintenance and other items.”
Federal Trade Commission
Need To End Your Timeshare Ownership? Call The Timeshare Exit Hotline At: (877) 323-9923
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