Ten common myths and what to verify
- “Every timeshare is one fixed week.” Ownership can include a fixed week, a floating reservation or points. Check what your agreement gives you and how often. Weeks and points
- “My points will book any date.” Check the points chart, reservation window and live availability for the dates and room size you need.
- “Exchange is included with ownership.” Confirm who can join the exchange, which inventory is eligible and what membership or booking charges apply.
- “The purchase price covers the whole cost.” Compare the price, financing, regular dues, special assessments and transfer or booking charges. Costs to verify
- “A low resale price guarantees a bargain.” Compare recurring costs and the trips you expect to use. Request an itemized closing estimate and fee statement before choosing.
- “The buyer inherits every seller benefit.” Ask the program which rights transfer with this specific resale and get its answer in writing.
- “A timeshare is a reliable investment.” Base the purchase decision on expected vacation use and total cost. Resale demand and proceeds vary.
- “A listing price shows what owners receive.” An asking price is the amount requested. Ask for comparable closed sales and estimate seller proceeds after fees and any payoff. Selling a timeshare
- “Every buyer has the same cancellation deadline.” Read the signed documents and verify the applicable jurisdiction’s instructions, deadline and delivery method promptly.
- “Anyone can guarantee a sale or an exit.” Ask the developer about its written options. Verify any reseller’s credentials, compensation and obligations before signing. Ways to exit a timeshare
Read the federal consumer agency’s guidance on buying, exchanging, resale claims and exit scams. FTC timeshare guidance