However buyer beware: Timeshares can be a genuine challenge to resell. Here's how to make sure you do not lose your (Hawaiian) shirt at the same time. Brace yourself: There is a secondary market for timeshare rental and resale, however it is not robust. Unlike a holiday home, timeshares do dislike in worth.

So do not go into this deal thinking you will recover your original investment. Get all of your documentation in order, including the legal documents you signed when you purchased,…

If your neighbors have actually ever announced, "We go to the lake home every year the week after Memorial Day!" they might be on a fixed-week timeshare. Obviously, if you desire to try a different week of the year, you're up a creek. Changing your allocated week might take an act of Congress (or at least a hefty upgrade cost). The drifting week choice allows you to choose your week within certain limitations. The deal would be something like, "You can reserve any week between January 2…