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Timeshare Do’s and Don’ts

timeshare do's and don'ts

March 15, 2019 – by Primo Management Group

timeshare do's and don'ts

Check out these timeshare do’s and don’ts before you buy!

Timeshare decisions have serious consequences, so we’ve made a list of timeshare do’s and don’ts. Read this before you buy a timeshare to stop yourself from making a big mistake!

Timeshare Do’s

Do Get Everything in Writing

Sometimes sales reps make big promises during the sales presentation. And sometimes what they say isn’t exactly true. Many consumers believe what they are told only to find out the truth when it’s too late. Protect yourself and get everything writing. And if they won’t put it in writing, walk away.

Do Ask for a Maintenance Fee History

Just like most expenses, maintenance fees usually rise over time. And if your income can keep pace, that’s not a problem. However, if fees rise quickly, you could find yourself in trouble just as quickly. Although no one can predict the future, everyone can learn from the past. Request a maintenance fee history to see what typical increases have been in the past. It’s no guarantee you won’t see big increases in the future, but it’s better than nothing.

Do Read the Reviews

We hear this over and over from unhappy owners. They knew they’d made a mistake when they Googled their timeshare company and read the reviews. But it was too late and they were stuck. Avoid that sick feeling in your stomach! Check out the company in advance. If you like what you see, great. However, bad reviews are pretty common, so buyer beware!

Do Comparison Shop

Most people don’t buy anything these days without checking for better prices. And when presented with multiple pricing options, most of us choose the lowest price. A timeshare should be no different. Your sales rep certainly won’t tell you that you can find timeshares on the resale market for pennies. Or that you may be able to rent the same unit you’re considering buying for less than the annual maintenance fees. See what the competition has to offer before you’re stuck.

Timeshare Don’ts

Don’t Fall for the “Free” Gift

Pro-tip: it’s not free. These “free” gifts can easily cost you $22,180. That’s the average price of a timeshare, according the the ARDA. Unless you’re ready to stay strong through a long, high-pressure sales presentation, we recommend you steer clear. After all, do you really want to pay $20,000 for a $200 rental car voucher?

Don’t Pay the First Price

Any good sales person is going to give you their highest price first. But in the timeshare business, that’s almost never their best offer. If you’ve done your research on the company and have decided that yes, this timeshare is right for you, don’t be afraid to bargain. They want to make the sale, so you have leverage. And if you’ve don’t some comparison shopping, you have knowledge on your side, too.

Don’t Get In Over Your Head

The sales rep is there to make the sale—not to protect your interests. So, don’t trust what they have to say about what you can afford. A timeshare is forever, so if you have any doubt about being able to make the ever-increasing payments, don’t buy. You can still take vacations even if you don’t own a timeshare. And you can make sure that you’re always spending within your budget.

Don’t Be Afraid to Walk Away

Of all the timeshare do’s and don’ts, this is the most important one. Although your sales rep might tell you otherwise, you can leave at any time. Without buying a timeshare. And so many of our clients wish they did. Don’t buy a timeshare on impulse. Instead, go home and take the time you need to consider the purchase from every angle. If it’s a good idea, it will still be a good idea tomorrow.

We hope these timeshare do’s and don’ts keep you from making a decision you’ll regret. Is it too late and you’re already stuck in a bad timeshare? We help people get out of their unwanted timeshares every day. Contact us for a free, no-risk consultation today!

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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.