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4 Reasons to Avoid Becoming a Timeshare Owner

Avoid Becoming A Timeshare Owner

November 16, 2018 – by Primo Management Group

Avoid Becoming A Timeshare Owner

Want to be a timeshare owner? We think you should think again. Find out why below.

Are you thinking about becoming a timeshare owner? As consumer advocates who deal with unhappy timeshare owners every day, we’d advise against it. Here are just some of the reasons we don’t think timeshares are a very good deal.

Not An Investment

If you’re looking to invest your money, look elsewhere. Resorts advertise timeshares as an investment in vacation. That’s because a timeshare isn’t an investment that grows in value over time. In fact, by the time the ink on your contract is dry and you’re a timeshare owner, your “investment” will have lost value. We see so many people who’ve fallen into the trap and are now experiencing timeshare regret. You can invest in vacation in so many other ways that make more financial sense. Avoid the headaches by avoiding becoming a timeshare owner.

Monotony

The world is a vast and amazing place. You could spend a lifetime traveling and not see it all. And while we’re all for comfort and familiarity, timeshares limit your choices. If you have a deeded or fixed-week timeshare, you’re headed to the same place every year. Forever. And if you own points or are part of a vacation club, you must play the points and reservations game—and that’s assuming you can even figure out the rules. In either case, you’re limited in where you can go.

Disappearing Vacations

We’ve all had bad vacations, like the time it rained the whole time at the beach or when the flight was canceled and you ended up stranded in the Cleveland airport. Those were bad but still better than vacations you don’t get to take. And the worst kind of vacation is the one you don’t get to take but that you still have to pay for. For many timeshare owners, that’s exactly the kind of vacation they take every year. For fixed week timeshare owners, if you can’t make it for your week, you either need to find a way to trade or miss your week. If your HOA allows you to rent your unit, you may be able to at least not lose money. However, that’s not an option for every property. And if you’re in a vacation club, you may have trouble using your points or find that they don’t buy you as much as you’d hoped.

Rising Maintenance Fees

You’re paying more in maintenance fees each month. Even if you don’t get to use your timeshare. That means less money for vacations you want to take. Plus, you can’t predict what those maintenance fees will do. And they’ll never go away. Ever. Why not do something better with your money instead of pouring it into fees?

We hope we’ve saved you from “investing” in a timeshare. But, if you’re already stuck in a contract and are looking to get out, we can help. We help people like you exit their timeshares every day. Contact us for a free consultation today.

(Image Source: Pixabay)

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.