A timeshare is simply a vacation property arrangement that allows you to share the cost of a property with others. It allows different unrelated parties to own or lease a fractional portion of that property. Case in point: You purchase a 1-week timeshare at a Florida beachfront condo, allowing your family to stay at that property on the same week each year, while other owners use the condo on other allotted weeks.
While that certainly sounds enticing, plenty of timeshare owners have horror stories to share. To learn more about timeshares and their pros and cons, read my latest article for Rocket Mortgage, available here.
