Phone Scams, Robocalls & The TRACED Act
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Everyone loves a bargain, but a timeshare deal might not be what it seems. Here are three reasons cheap timeshares can cost you big in the long run.
There are countless timeshares available at rock bottom prices. Sites like Redweek and Timeshare Users Group offer listings for timeshares for every budget. And if those prices are still too high, you can even find a timeshare deal on eBay for as little as a dollar. However, the bargain ends at the purchase price. Once you’ve signed the contract, your steal of a timeshare becomes an obligation. You’ll be on the hook for maintenance fees, special assessments, and more until the end of your contract. Which might be never.
Although you are guaranteed to have to pay your annual maintenance fees, the guarantee ends there. Your timeshare does not guarantee a nice vacation. If you can’t make it for your week or you can’t afford to travel to the resort, you won’t get to enjoy your timeshare. Or maybe your resort is damaged by weather. Once again, no vacation for you. Or maybe you have a points-based timeshare but aren’t able to use your points because nothing is available. Suddenly it doesn’t matter how cheap your timeshare was. You’re paying for something and getting no value.
You can shop around for a good purchase price and use travel hacks for cheap airfare, but you can’t control your fees. According to the ARDA, in 2018, the average timeshare owner paid almost $1000 in annual maintenance fees. And those fees will almost certainly increase every year. And maintenance fees aren’t the end of the story. You also face special assessments to cover anything from natural disasters to budget shortfalls. The bottom line is that you’ll be paying unpredictable fees every for the length of your contract.
If your timeshare deal was no deal at all, we can help. We specialize in helping people get out of their unwanted timeshares. Contact us today for a free, no-risk consultation. Get out and get on with your life!
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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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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