Because it will revert back to the developer at some future date, the developer has a greater incentive to keep the property in good condition. However, your resale rights may be limited. The time you re entitled to use your timeshare, also, may be fixed or floating. Time and unit could also be some combination of fixed or floating. Furthermore, these fees may not cover major repairs or even normal wear and tear.
Owners are also responsible for their portion of the cost of a resort exchange program.
A number of problems can arise in connection with the purchase of a timeshare. Promises may not be fulfilled, sometimes a project goes bankrupt, and trades for exotic spots may not materialize. Sometimes investors' funds may be part of the actual construction money for the project. If preconstruction sales of timeshare intervals are not up to the builder's expectations, the project may fail and buyers may lose their money. What to Consider in Buying a Timeshare Try to visit the timeshare site.