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The Truth About Timeshares

Truth about Timeshares

May 28, 2019 – by Primo Management Group

Truth about Timeshares

Learn the truth about timeshares today!

Timeshare companies make all kinds of claims when they’re trying to make a sale. But what is the real truth about timeshares? Find out the biggest misconceptions before you buy.

Timeshares Are Not Investments

The truth about timeshares is they are not investments. An investment has intrinsic value and builds wealth over time. Unfortunately, a timeshare doesn’t do either of those things. When you invest in real estate by purchasing a house, the house retains that value and hopefully increases in value over time.

Unfortunately, a timeshare loses much of its value as soon as the ink is dry on your contract. In fact, a timeshare is actually a liability because you are contractually obligated to pay annual maintenance fees. And you may also be on the hook for other fees and special assessments. Even if you never get to use your timeshare.

If you’re considering buying a timeshare as an investment, think again. This isn’t an opportunity to earn money. Instead, it’s a contract to spend money.

Timeshares Are Hard to Sell

Timeshares are a long-term commitment. In fact, many timeshare contracts are contracts in perpetuity. That means they last forever. And if your timeshare is working for you, then owning it forever can be a good thing. Unfortunately, not everyone is happy with their timeshare forever.

There are all kinds of reasons why timeshares just don’t work out for people. Some people find they don’t use their timeshare enough to justify the maintenance fees. Others find that it just isn’t a good value. Or over the course of a lifetime, your financial circumstances may change and you simply can’t afford your timeshare anymore. Finally, others face health problems that prevent them from travel. And when this happens, you’ll be looking to sell your timeshare.

Unfortunately, selling a timeshare isn’t as easy as selling a car or a house. Remember what we said above about timeshares losing their value? You’re very unlikely to get anything close to what you paid for your timeshare when you try to sell it. And that’s if you can find a buyer at all. There are many owners trying to sell, but not nearly as many consumers looking to buy, even at rock bottom prices.

Timeshares Don’t Mean Free Vacations For Life

Many people get into timeshare ownership thinking they’ll have free vacations forever. Nothing could be further from the truth. First, you need to factor in the initial cost to purchase your timeshare. The average timeshare will set you back $22,180 these days. That’s anything but free! And if you need to finance the purchase, add interest fees on top of that price.

But once you’ve paid for your timeshare, then your vacations are free, right? Well, not quite. Even after you’ve paid off the purchase price, you still pay annual maintenance fees. Right now the average owner pays about $1000 a year in maintenance fees. And some timeshares add additional fees to be part of their exchange programs, to make reservations, or for special assessments. So in a best-case scenario, your vacation costs around a grand.

Finally, you also have to pay for your own travel expenses to and from your timeshare. So go ahead and add those plane tickets and rental cars and baggage fees on top of the price of your free vacation. For many people, timeshares don’t even add up to good value, and they certainly aren’t free.

We’ll Tell You the Truth About Timeshares

If you’re facing the truth about timeshares and need to get out, we’re here for you. We specialize in helping people get out of unwanted timeshares safely, ethically, and forever. And we’ll tell you the truth up front in a free, no-risk consultation. Contact us today to see what we can do for you.

(Image by PDPics from Pixabay)

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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.