Updated 04/08/2022
Timeshares are hugely popular in the United States, where more than 9.9 million households own some kind of timeshare product, including points and/or fractional ownership stakes in private residence clubs. The vast majority of these timeshare owners eventually come to regret their decision, with only 15% reporting that they are happy with their purchase after the fact. However, many of these households will also hold on to a timeshare and continue paying those egregious timeshare dues, simply because it seems like there is no other option.
Do you own a timeshare forever? It is hard to find good timeshare advice. The sales team is not a solid source of information, they are selling a product. If a timeshare initially seems like a straightforward purchase, it can become a tangled legal web once you look into the documentation for timeshare transfers, how to buy timeshare from owner, or how to sell to a third party. If you need to fight unfair or unclear terms in your rental agreement, you will need to find the right timeshare litigation attorney.
There is a lot of information that exists in regards to a timeshare and some of it is not good. While many Americans will buy a timeshare, it is also true that many Americans will grow to loathe their timeshare. As a matter of fact, there is a good reason as to why timeshare cancellation attorneys are so popular in the United States and that is because so many people end up canceling their timeshare.
Being stuck with a timeshare is not pretty, especially if you are someone who is dealing with hard times financially. This will obviously lead someone to a position where they will want out of their timeshare and their best bet is to call a timeshare cancellation attorneys to get help. Here are the important facts on timeshares, timeshare cancellation attorneys, and everything in between.
Even though the idea of hiring timeshare cancellation attorneys may seem rare and odd because timeshares are rare, there are actually a good number of Americans that own a timeshare. Understand that just about 3% of all households throughout the United States own a timeshare. This means that a solid number of Americans will buy a timeshare at some point in their lives even if they hate it.
Most people will take time to grow to a point where they need timeshare cancellation attorneys. That is because they normally do not notice the negatives until they have owned the timeshare for quite some time. Understand that the average price for a timeshare is just about over $20,000.
Right now across the nation, there are more than 1,500 timeshare resorts that exist. While this may not seem like a crazy number, there are still a large number of timeshares companies that exist throughout the nation with timeshares for rent. It is important to work with timeshare cancellation attorneys to get the right timeshare legal advice. That way, a customer can get out fair and square without any legal repercussions.
In the United States, the average age of a timeshare owner is estimated to be at just about 45 years of age. Most people that rent timeshares and eventually need timeshare cancellation attorneys are older in age. This is mostly due to the fact that younger people do not have the same type of disposable income as those who are older.
There are over 200,000 timeshare units across the United States and that is why there are so many timeshare cancellation attorneys working to help people get out of their situation. Understand that 85% of all people who have bought a timeshare, not they completely regret their purchase. They cite reasons such as money, fear, confusion, intimidation and even distrust.
Just about 66% of all timeshare owners stated that maintenance fees are too high and that is why they wanted to get out of their timeshare contract. Also, 46% of all timeshare owners cited maintenance fees as the number one reason for wanting to get out of a timeshare contract. So it is then safe to say that for many owners, that they will end up working with timeshare cancellation attorneys because of these maintenance fees.
People love to go on vacations but that does not mean they need to rent timeshares. As a matter of fact, it is recommended they avoid this so they do not eventually have to hire timeshare cancellation attorneys. However, it is important to note that 37% of all families believe vacations make them happy and it is an activity that makes families the happiest. Furthermore, over half of all respondents to a survey said that they expect to vacation at the beach in the next year.
In Conclusion
Avoid buying a timeshare and avoid the process of timeshare cancellation attorneys. Vacations should be relaxing and stress-free, they should not bring stress to the people traveling. There is no reason to stress oneself out over maintenance fees and a timeshare. Instead, it is much more worth it to just plan a vacation and to go without having to worry about taking care of a property that you barely visit. Proceed with caution when dealing with timeshares and make sure you have the right legal representation.
