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Don’t Fall for Those Timeshare Promotions – They’re a Bad Idea

February 16, 2018 – by Primo Management Group

Don’t Be a Victim of Those Timeshare Promotions

Many people are eager to cancel their vacation ownership, why should you buy one? Here are reasons why you should ignore those timeshare promotions.

We’ve all heard the horror stories about timeshare promotions. But then one day, someone invites you to a timeshare presentation.

They offer you a free gift too good to pass up. You don’t have to buy anything, just go and listen and get something for free.

So you go and listen to the sales pitch. You came in dead set against buying anything. But as you listen, you start thinking this could be a good idea.

It’s possible every once in a great while somebody gets a good deal out of a timeshare. The vast majority do not.

Here are several reasons why you should run far away from that talkative timeshare rep. Keep your head clear, don’t get sucked in.

The Hard Sell of Timeshare Promotions

Timeshare promotions are all about hype and the hard sell. They offer people something they want for free. It could be a round of golf, a few free nights in a hotel, a spa hookup, or a fancy restaurant meal.

All you have to do is listen to a presentation. That doesn’t sound so bad, right?

Some folks walk into timeshare promotions with their eyes open. They expect to take advantage of their freebie. They don’t expect to get taken advantage of themselves.

But beware, timeshare promotions sound good and their reps are great at their jobs. Even those ‘savvy’ folks can walk out new timeshare owners.

Timeshare reps are notorious for being pushy. And while they may not outright lie to you, they focus on the positives and they downplay the negatives. Some may leave out important information about what you’re getting yourself into.

It’s a Bad ‘Investment’

When you sit down with a timeshare rep, you’ll hear the word ‘investment’ a lot. They want to make it sound like you’ll get a return on your money one day.

Even if you don’t see a monetary return, you’ll get all these great vacations. What better thing to invest in than some R&R for yourself?

The trouble is, despite what they tell you, timeshare promotions are not investments. The rep might talk like there are ways to earn money, but in the vast majority of cases, it isn’t true. Let’s look at why.

The Actual Costs

First off, you pay a high upfront cost. Expect to pay, on average, $19,000 for a one-week timeshare. Let’s stop right there for a second. $19,000! You can spend a vacation in a nice hotel for that much.

And that’s if you even have the money on hand. If not, you’ll have to make monthly payments. The interest is going to drive your upfront costs even higher.

But, you say, I would have my timeshare forever. Okay, maybe at some point you would use up your $19,000 (plus interest). Here’s the kicker: timeshares come with an average $660 annual maintenance fee.

You could stay a week in a modest hotel for $660. Your location is not limited. If you don’t go on vacation you don’t have to pay. When you look at the numbers it looks ridiculous to buy a timeshare.

Timeshares are Not Investments

So how do these reps get so many people to buy timeshares every year? They make it sound like an investment.

They’ll tell you that you get a fractional interest in a luxury resort property. That may be true but that doesn’t make it the real estate investment they want you to think it is.

You’re not free to do what you please with the property. You can’t make improvements and hope to sell it later for more. And you can’t rent it out when you’re not using it to generate a little income.

It’s Hard to Get Rid of a Timeshare

Timeshare promotions often promise you the world, but they don’t often deliver. Some folks may think to ask what happens if and when they don’t want the timeshare anymore and the rep always has a great response.

If you don’t want it anymore, you can turn around and sell it! Sounds great, except they’re not that easy to sell.

The timeshare market is already pretty flooded. New timeshares get built all the time. Plus, owners realize their mistake and try to sell off their shares.

Resell Scams

With those remorseful buyers come offers from companies wanting to get you out of your timeshare. Unfortunately, many of those offers are fake. They ask you for an upfront fee and then disappear into the night. More money gets thrown into the void that is your timeshare.

Be especially wary if somebody calls you up out of the blue wanting to buy your timeshare. It’s is a common scam and many folks get taken in by it.

When somebody calls to buy your timeshare, they’ll often offer more than you paid. You jump at the chance to unload and recoup your investment. So you pay the deed transfer or marketing fees they ask you to pay. Then, of course, the sale never takes place.

Don’t worry, if you’ve already bought a timeshare you can still get out of it. Make sure you find a reputable company to help you get rid of your timeshare.

Just Say No!

In short, if you ever find yourself in front of a timeshare rep, it’s best to say no and walk away.

If you do want to buy a timeshare, buy one from the thousands of owners trying to sell. Or better yet, rent a week from one. You’ll get the timeshare experience without the hefty price tag.

Are you already the uncertain owner of a timeshare? Are you looking for a way to get rid of it? Schedule your free consultation with us today.

We have the resources in place to help you get rid of your timeshare. With the money you saved, you could take a real vacation!

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Relieve Yourself of the Unwanted Timeshare Burden

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Get A Free Consultation

Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

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.