Understand the contract.
It is easy to sign a timeshare contract, but it may be hard to get out of one. Make sure you understand all of the terms. When do you get to use the property? Do you get the same property every time? What... Read the full article
Timeshare owners may notice a charge for “The ARDA fee” on their maintenance bill. What they may not know is the fee is voluntary. Timeshare owners can opt out by contacting their resort, but should they?
The American... Read the full article
Maintenance fees can be a tough pill to swallow. As a timeshare owner you should know what the fees are paying for. Contact your resort and request a copy of their budget. The budget should provide a clear answer as to what the... Read the full article
Most timeshare owners are going to take a loss if they sell their timeshare. In addition to the loss the owner will need to navigate the process of a deed transfer. Owners in a higher tax bracket may benefit from donating their timeshare.
Have... Read the full article
When tax season comes around many time share owners want to know what they can deduct, if anything.
Interest paid on a mortgage loan to buy a timeshare is often deductible. The tax law allows deductions for most interest expense... Read the full article
Timeshares are often a family affair. It is not uncommon for families to congregate annually at a timeshare for a holiday, family reunion, or a group vacation. For some families the sentimental value of a timeshare may add to, or... Read the full article
Understand what you own
Make sure you understand the exact details of your timeshare before you try to sell it. Do you have a deeded ownership or a Right to Use? Review all of your timeshare documents including mortgage records,... Read the full article