If the member refuses to pay annual dues, the condominium association may sue and recover back dues, interest, and attorney fees. Some members say they feel trapped for life. The Federal Trade Commission found only 3.3 percent of owners reported reselling their timeshares during the last 20 years. You may face competition from the original seller. Or local real estate agents may not want to include the timeshare unit in their listings.
Some resorts have a resale office to try to assist the owners of unwanted timeshares.
In addition, some resorts will allow an unhappy timeshare owner to give back their interest in the resort, but rarely will a resort guarantee that they will buy it back. These consumers report the loss not only of the original purchase price of the timeshare, but also the money paid to timeshare resale companies. Purchasing Tips Practical Factors . Consider whether you'll be able to use a timeshare facility year after year. Total Costs .