Timeshare Expenses: Calculating the True Cost
Buying a Timeshare, Guides, Tips, and Hacks
3 min read
Timeshares can be complicated, so we’ve compiled these timeshare FAQs to help you with some key issues that people worry about. Once you have your facts straight, you can make smart timeshare decisions.
Yes. All timeshare owners must pay the annual maintenance fees. If you can’t use your timeshare in a given year, you still have to pay. In fact, even if it’s the resort’s fault that you can’t use your timeshare, you still have to pay. Or if your resort sustains damage and isn’t open, you still have to pay.
Travel hackers would tell you that cheap timeshares are great deals, but we disagree. It’s true that you can buy a timeshare for next to nothing. And that can be tempting. After all, who doesn’t want a $1 vacation? Unfortunately, you’re not going to get a $1 vacation. Instead, you’ll be on the hook for a lifetime of maintenance fees, special assessments, and more. Plus, some resorts restrict privileges to owners who purchase on the secondary market. So that means you might not get to take full advantage of your timeshare.
Maybe. If your children are on the deed, they will inherit the timeshare. If they are not on the deed, you can leave it to them in your will. And if they don’t want your timeshare (and they probably don’t!) they can refuse it. However, make sure you never put their name on the deed, even if your resort offers to as a “convenience.” You definitely don’t want to leave your children a lifetime of fees for something they don’t want.
Timeshares are like any other possession in a divorce. You can award the timeshare to one spouse. You can cancel the timeshare. Or you can share it. This topic can get pretty complicated, so find out more here.
This is by far the most common of the timeshare FAQs that we encounter. And the answer is yes, but it’s complicated. If you just bought your timeshare and you’re still in the rescission period, you can cancel your contract in writing. But if the rescission period is over, it’s hard to get out of a timeshare. In that case, you need to work with your resort to cancel your contract. And trust us: they aren’t going to make it easy.
That’s where we come in. We specialize in helping people just like you get out of unwanted timeshares. And we guarantee our work. But don’t take our word for it! Check out our many, many positive reviews here. Or just contact us directly. We can answer all of your additional timeshare FAQs during a free, no-risk consultation. Click here to learn more!
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How to choose the right company to get me out of my timeshare
We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don't know where to turn, look to PMG to relieve you of your timeshare burden. We pride ourselves on open, honest, and frequent communication with our clients.
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Our knowledge and experience gets you OUT. We offer a high-touch, boutique level of service, keeping you informed with frequent updates throughout the process—which is why we have numerous 5-star reviews and are rated "A" (Excellent) by the Business Consumer Alliance (BCA).Learn More
Still not sure what's the next step? Our dedicated team can review your agreement and guide you through the process. The Primo difference is all about service. Our timeshare elimination consultants have one mission: To serve our clients and bring the peace of mind that comes from relieving their timeshare obligation.Get Started
The timeshare industry has spent a tremendous amount of time and money to delay, confuse and deter you from canceling your timeshare contract. Your team of timeshare elimination experts act as your consumer advocate and will work tirelessly to free you from your timeshare contract, mortgage, and maintenance fee bill.Give it a try