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Why “Buyer Beware” Applies to Purchasing a New Orleans Timeshare

new orleans timeshares

July 1, 2018 – by Primo Management Group

new orleans timeshares

Is New Orleans the next big timeshare market? What you need to know.

The Big Easy is no stranger to real estate upheaval and exploitation. That’s why it should come as no surprise that the New Orleans timeshare industry is looking for its piece of the Big Easy.

Timeshare History

Timeshares have a long and storied history. Launching onto the scene in the 1970s, they presented themselves as alternatives to the vacation homes that were out of reach for so many. They sold the American dream of luxury on a standard American budget.

The timeshare world of the 1970s and 1980s was rife with dreams. It was also rife with scams. Timeshare junkets, big promises, and the entire spectrum of high-pressure sales would earn the industry a well-deserved bad reputation.

In recent years, the hospitality industry has worked to rebrand timeshares. They certainly needed it after decades of bad press. Companies now offer more perks and flexibility in an attempt to put buyers at ease.

Consumer protections over time have made timeshares less risky (still risky, but less so). But maintenance fees, never-ending contracts, and scams remain. Every day, we see the worst the industry has to offer.

New Orleans Timeshares

When we look at the history of timeshares and New Orleans, we see a convergence of scams. It might all work out, but in our business, we’re always skeptical of the industry.

New Orleans is already home to many timeshares. The French Quarter and central business district struggle with low hotel-room capacity and high-demand. As tourism continues to grow, so will the demand for accommodations. The city and the hospitality industry are always working on creative solutions to drive development and profits.

The City Planning Commision and city council support timeshares. In 2018, the council passed timeshare-friendly zoning changes. “There’s a move afoot to come here in the timeshare business because it’s a permitted use,“ says Lenny Wormser of Hospitality Real Estate Counselors in the New Orleans Advocate.

The New Orleans timeshare model most recently introduced is the newer points-based model. Initial buy-in provides a certain number of points per year that can be used within the restrictions of the contract. Owners can also buy additional points to upsize their getaway.

Risks & Concerns

The points-based timeshare model does seem to offer more flexibility, but people across the country report issues. Scheduling is a concern and many find themselves unable to use their extra points because of a lack of available accommodations.

We’ve also seen some typical complaints of scams and high-pressure tactics coming out of New Orleans. Don’t ignore the timeshare scam red flags: free gifts, wiring money out of the country, and unsolicited calls.

In addition to these concerns, residents also worry about being displaced. As more high-end rentals hit the scene, the availability of an affordable New Orleans timeshare unit is already a factor. A transition to short-term housing and timeshare units is tightening the market further.

Only time will tell how the New Orleans timeshare industry will perform. But history can teach us at least one solid piece of advice: Consumer beware!

Having timeshare regret in New Orleans? Louisiana law gives you a 7-day cooling-off period to cancel your contract. Too late to opt-out? Primo Management Group is here to help. Our free consultation can get you started on your journey to timeshare freedom.

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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.