Do you ever finish paying off a timeshare?

The only way to get rid of your timeshare maintenance fees and the other special assessment fees altogether is to get rid of your timeshare. Because as long as you own the property, there's really no way to end the yearly onslaught on your bank account.



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Ask the Resort to Take It Back If you missed the recission period, there are still ways to get out of your timeshare. Some are surprisingly simple, like a timeshare deed-back. This is a legal, low-cost way to give the property back to the resort.

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Often, your heirs can inherit your timeshare when you pass away. But they can also inherit the timeshare ownership fees! If your family loves your time ownership property and wants to continue to visit it – and pay the associated fees – your timeshare should be part of your estate plan.

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Today, over half of timeshare owners are Gen Z and millennials and the average age of a timeshare owner is 39, according to a 2022 report by the American Resort Development Association.

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The unique concept relies on shared 'ownership' of a particular property or resort stay, allowing all involved their own periods of vacation time every year. But while the timeshare market grew steadily over the decades, recent years have seen a noticeable decline.

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Vacation rentals Vacation rentals are considered preferable alternatives to timeshares because they give greater flexibility in where and when you can vacation.

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