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Can You Give Back a Timeshare?

Give Back a Timeshare

December 19, 2018 – by Primo Management Group

Give Back a Timeshare

Dreaming of being able to give back a timeshare? Let’s see if that can be a reality.

Timeshares can be serious burdens, and it’s very difficult to sell timeshares on the resale market. So many consumers wonder, “Can’t I just give back a timeshare?” If you’re just want to be done with the timeshare and done with the fees, giving it back seems like a great option. Depending on your circumstances, you may be able to give back a timeshare. Here’s what you need to consider.

Reasons To Give Back

Owners cite many reasons for wanting to give back a timeshare. For many, they can no longer afford the always-increasing maintenance fees, which averaged almost $1000 a year in 2017. Or financial circumstances have dramatically changed, and the fees and travel are now out of reach. Others find they don’t use their timeshare. Still, others have health issues that prohibit travel. Finally, many children find they’ve inherited a timeshare that they don’t want. And we’ve heard countless other reasons for wanting to get out of a timeshare contract.

Are You In Good Standing?

To even have a chance to give back a timeshare, you must be in good standing. First, that means you’ve paid off the purchase price and own your timeshare. After all, you can’t give away something you don’t own—and you definitely can’t give it to the real owners! Second, you must be up to date on your maintenance fees. That’s a deal-breaker for most timeshare benefits and give back programs are no exception.

Check for Give Back Programs

If you’re in good standing, you may be in luck. Many resorts do have timeshare give back programs. However, these programs are not likely to be well-advertised by the resorts. If you’re hoping for the return policy on the back of your receipt, you’ll be disappointed. However, with so many dissatisfied owners and so much activity on the resale market, give back programs are on the rise. You many find information in the contract or on the website. Or you may need to contact the resort or HOA directly for more information. But one thing is certain, being in good standing is a prerequisite for pretty much every single one.

Contact Your Resort or HOA

What if your resort doesn’t have a give back program? Well, that doesn’t mean they won’t take back your timeshare. However, you need to contact them directly. You’ll probably also have to share the personal circumstances behind the give back. The HOA may have to discuss their request, and the answer may still be no, but it never hurts to ask.

What If They Still Say No

The truth is, they often say no. You may not be able to give back a timeshare depending on the resort and your circumstances. In that case, you’ll need to decide if you can make ownership work for you or seek other ways to get out of your timeshare. It can be a complex process, but we can help. Contact us for a free consultation to find out how we can help you exit your timeshare even after all of your other attempts to get free have failed.

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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.