I recently read some advice that if a writer wanted their blog posts to be read, they should come with a snappy headline. Boy, is this a failure!
But there are things that need to be said. Maintenance fees are a part of timeshare ownership. All too often though, I hear from consumers who are complaining about them for one reason or another.
The vast majority of issues can be eliminated by asking the following questions prior to purchasing:
1) what are the current fees?
2) what is the seven (7) year history of these fees?
3) what is the legal limit or cap that these fees can increase?
4) who votes on raising these fees?
5) what do these fees cover?
6) what don't these fees cover?
7) is there a special assessment?
8) what is it?
9) what is the seven (7) year history of these assessments?
It is vital to ask these questions before you purchase any timeshare, regardless of it is on the primary or secondary market. ANY TIMESHARE FROM ANY SOURCE.
If you don't get answers, or don't get the answers that you want...don't buy. It really is as simple as that. The good news is that there are a TON of timeshares available out there and a great number of sources that will divulge this information without resorting to trickery, trying to diffuse the question by adding on a "bonus week" or other measures.
Many resorts are incredibly well managed. Those that aren't deserve to to drummed out. The only people who can drum the bad guys out are the consumers.
Start taking back your rights by asking the right questions.