What are some risks to consider before buying a timeshare?


Quick Answer

Risks to consider before buying a timeshare include not being able to control the yearly fee increase and having a hard time selling the timeshare. Another risk is not being able to claim a capital loss with the IRS if the property is sold at a loss.

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Full Answer

Buying a timeshare in a foreign country also comes with risks. For instance, the buyer is unable to possess the direct title to the property if it's located within 30 miles of the coast of Mexico or 60 miles of international borders. Buyers should also investigate the consumer protection laws of foreign countries before they buy timeshares there.

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