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Rising Timeshare Fees: How Fast is Too Fast?

Rising Timeshare Fees

May 11, 2019 – by Primo Management Group

Rising Timeshare Fees

What’s driving your rising timeshare fees?

Have you been surprised by your rising timeshare fees? Like most things in life, timeshare fees increase each year. However, some owners feel their fees are going up too much, too fast. And since the average owner is already paying almost a thousand dollars a year, any increase makes a difference. What’s behind rising timeshare fees and is there anything you can do about it?

Inflation

All timeshare owner pay annual maintenance fees. These fees typically cover the basic operating costs of the resort such as routine maintenance, housekeeping, landscaping, and other expenses. And of course, the prices for all of that increase each year. However, inflation is just part of the picture. Other factors can also lead to increased maintenance fees.

Management

Sometimes fees increase as a result of management changes. Most timeshare Boards hire a management company to handle the day to day running of the resort. Some companies charge more than others. Or companies may make different management choices that push fees up. In addition, mismanagement can also increase fees. For example, improper routine maintenance often leads to more extensive repairs down the road.

Also, if your timeshare is a part of a bigger company or network, decisions about fees may be happening way up the ladder by people without your best interests at heart. The bottom line often controls costs for big companies. In addition to maintenance fees, you may see other fees like exchange fees increase or get slapped with new fees altogether.

Delinquency & Foreclosure

Owner delinquency and foreclosure can also be behind rising fees. With fewer owners paying in, then fees increase for those responsible owners making their payments on time. So if your resort has high levels of dissatisfied owners, you may be paying other people’s fees.

Major Repairs & Upgrades

Of course, even with responsible routine maintenance, resorts age over time. And with that aging comes bigger repairs and upgrades. After all, who wants to vacation in the ’80s forever? Since renovations are costly, you could see those expenses reflected in your maintenance fees or in the form of a special assessment. In addition, unexpected damages from natural disasters or other factors are common. Hurricanes and tropicals storms routinely cause massive damages, and timeshare resorts are often in the path of destruction.

What Can You Do About Rising Timeshare Fees?

As a timeshare owner, you’re contractually bound to pay your maintenance fees. However, if you get involved with your Homeowners Association or run for Board of Directors, you may be able to influence the decision-making process. Of course, this isn’t always easy since most timeshare owners don’t live close enough to attend meetings.

Your other choice is to get out of your timeshare and be free of fees forever. This solution is more proactive and permanent. However, getting out of your timeshare can be difficult and time-consuming. Luckily, we’re here to help. We help owners like get out of their unwanted timeshares every day. Sign up for our free, no-risk consultation to see what we can do for you.

(Image by Andrew Khoroshavin from Pixabay)

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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. Let us help you. 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, the resorts are loath to give back the money they’ve already taken for timeshares.

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 go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. 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 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 will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are 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.