• September
  • 3 min read

6 Reasons to Get Rid of Timeshares: Now and Forever

timeshare cancellation

Been feeling trapped with your timeshare? Not to worry. People get rid of timeshares every day. Read on to discover everything you never knew.

So many of us have been there. Someone catches us in a really great mood and we make a promise to do something.

Later, as we’re coming down off that life high, we look back and go, “what the heck have I done?”

For many, this is what it feels like to own a timeshare. It seemed like a fantastic idea at the time — and maybe it was great for a few years. But as you continue to pay those maintenance and assessment bills year after year, that Florida dream vacation spot begins to feel like a nightmare.

But there are some very good reasons people like you should get rid of timeshares.

Let’s explore why.

Vacations Have Become a Chore

Vacations are intended to rejuvenate you. You work hard at your job. Your kids work hard in school. All of you deserve time to unwind.

Studies show that people who vacation have reduced risk of heart disease, headaches, and insomnia. They also see improved productivity, creativity and sense of well being once they get back.

But there are several reasons that vacations become a chore with a timeshare:

You can’t anticipate the vacation. It’s the same old spot. Nothing new. Nothing exciting. Nothing to look forward to.

You may have to take your vacation at inopportune times. You have to book well in advance or you have the same week year after year. There’s very little flexibility. So you feel forced to take a vacation when it’s not a good time for you.

The timeshare’s starting to feel like an abusive relationship. You begin to resent your decision and don’t want to see her/him anymore. But you feel like you have to visit anyway to get your money’s worth.

You can’t be spontaneous. You really want to take your spouse hiking at Machu Picchu this year. But you can’t do both. You feel obligated to go to the timeshare. That’s not a vacation.

You Can’t Afford it Anymore

Maybe you’ve recently been laid off, aren’t making as much as you used to or just don’t have the disposable income you once had. Perhaps you really want to put more toward retirement. Or you’re going through a divorce and own a timeshare.

Your timeshare may be breaking you — little by little.

Yes, it’s nice to have. But you really need to have more flexibility in how you spend your money.

You Feel Deceived

If you feel misled into buying a timeshare, not only does it make vacation time miserable. It drags the rest of your life down with it.

Your inner voice is telling you that you made a bad decision. Those close to you may echo that voice.

You may have been promised flexibility that just isn’t there. Maybe you were told that this was a money maker. All you have to do is find renters for the week and charge them more to make a profit.

Maybe the company isn’t keeping up their side of the deal and the condo is going into decline.

People should get rid of timeshares that aren’t what they were promised.

More Stress Than It’s Worth

Your timeshare needs a new roof. It flooded during the hurricane. Vandals broke in and smashed the place up.

Or maybe you’re playing the renter’s game, trying to attract, screen and manage renters from another state.

Stress isn’t just a feeling. It does serious damage to your health in the form of:

Stomach upset
Coronary disease
Smoking/Bad habits/Addictions to find relief
Reduced lifespan

In addition, your relationships pay the toll. A Berkeley study found that stress had a significant impact on relationships. They found that external stresses like financial and work stress made people less satisfied in their relationships.

It’s just not worth it. And when getting rid of timeshares is an option, it should be taken rather than enduring this any longer.

Cutting Losses Is Better Than Continuing to Pay

What are you putting into your timeshare? What else could you be doing with that money?

You could:

Take vacations that you actually enjoy
Invest that money in a mutual fund and actually make a return on your investment
Buy a new car that you’ve been holding off on to make sure you can cover timeshare payments
Send your parents on a vacation to a place they’ve always dreamed of visiting — not the timeshare because it’s convenient.

There are lots of opportunities to make smarter choices with your money when it’s not tied up in a timeshare.

When you cancel your timeshare, you’ll likely need to sell it. And this may mean selling it for what you paid for it without regard to all you’ve put in since. Or selling a less than you paid for it. You may also have cancelation fees.

But when you do the math, even if you take a loss, it’s better than continuing to pay into something that doesn’t “love you back”.

But can people really get rid of timeshares?

It’s Possible to Break Free from Your Timeshare

Canceling a timeshare isn’t easy. Depending on how long you’ve had the timeshare, reasons you want to cancel and what’s actually in your contract, the timeshare company could:

Put strict restrictions on you that make it hard or impossible to sell
Charge you exorbitant cancelation fees
Make it difficult to rent it out if you choose that option

In addition to this, scammers could perceive you as an easy target who’s desperate to get out.

Getting rid of timeshares can be a drawn out and costly process. But it doesn’t have to be. It’s possible to be free without losing an arm and a leg. We can show you how.

Get Rid of Timeshares the Right Way

To get rid of timeshares after the cancellation period has passed, you need to have a plan and knowledge about the timeshare cancellation process.

This may seem like something that you can just learn on the Internet. But it takes in depth research, negotiating skills and experience in timeshare cancellations.

Having an advocate on your side will save you time, money and stress that you would endure otherwise.

We know what we’re talking about because we’ve helped thousands get rid of timeshares. If you’re feeling stuck in your timeshare and are ready to be free, contact us today for a free consultation.

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We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don't know where to turn, look to PMG to relieve you of your timeshare burden. We pride ourselves on open, honest, and frequent communication with our clients.

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