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4 Reasons You Shouldn’t Invest In A Timeshare

September 10, 2019 – by Primo Management Group

Timeshares do not have the best reputations in the world of finance, investing, vacationing and real estate. One of the main reasons for that is because there are too many scams out there where businesses are just trying to lock you into a long-term agreement without giving you reliable information so that you can make an informed decision. The irony is that if they were upfront with you about certain things you still might commit to the agreement. Unfortunately, because they play shadow games with you, you want out as quickly as possible. What are these examples of why you should stay away from a timeshare? Let’s begin with some of the most obvious:

Increased costs: Over the years of your “ownership” of the property, you will notice that your agreed amount for renting the property stays the same or meets what is specified in the contract. However, what you will also notice is an increase in fees including those for maintenance and to cover property taxes and insurance, something the timeshare company failed to mention when you signed your agreement.

Can’t find someone to take it: One of the things these companies tell you whenever you are asking questions about the longevity of the agreement is that it’s very easy to find someone to take your time for the year so that you can go on vacation elsewhere. That’s not true. Think about it this way, you have to find someone who not only wants to vacation in that area but someone who also plans on vacationing at the same time of the year that you have availability and then be willing to pay you for that unit.

Long-term commitment and no ownership: This is an agreement that is worse than renting. You are paying for years and have zero ownership in the property. Worse, you have zero way of staking claim or fighting back against increased fees. If you rent a house or apartment, the landlord or property manager has to give you notice about increased fees and give you the right to leave. That’s not the case here so you are truly trapped.

Inability to research integrity of the deal or company: Another thing you will notice is that the company trying to sell you on this agreement is not the company that owns the property. That raises a lot of questions, especially when you realize that you were researching the wrong company to try to find information of unhappy clients and scams.

Whether or not you feel like you’re getting a good deal on your timeshare, you need to know what you’re getting into. If the company you are speaking with has hidden any of these matters or have not been up front with you about them, then they’re not the company you want to work with.

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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.