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Timeshare Exit Basics

Timeshare Exit Basics

April 5, 2019 – by Primo Management Group

Timeshare Exit Basics

Understand timeshare exit basics to get out of your timeshare as fast as possible.

Timeshare cancellation is complicated, so let’s get back to timeshare exit basics. For most of you, buying your timeshare was the easy part. Maybe you attended a sales presentation and the sales rep walked you through everything step by step, gave you champagne to celebrate, and even gave you a “free” gift. But eventually, reality set in. Payments and maintenance fees were more than you could afford. Or the reservation system was so confusing that you couldn’t even schedule your vacation. So you decided to get out.

And that’s when things got even more complicated. At Primo Management Group, we specialize in helping people get out of their unwanted timeshares. Let’s break down the timeshare exit basics to help you get out as easily as possible.

The Quick Getaway

The fastest, easiest way to get out of your timeshare is to do it during the rescission period. The rescission period is a short period of time right after the contract is signed during which either party can cancel the contract. These cooling-off periods help consumers like you who got in over their heads during a high-pressure sales presentation. But the rescission period is short, usually between 5 and 10 days. And the terms of rescission vary by state. Check out this chart for more information. However, in general, you need to send a letter of rescission to your timeshare company within the time period specified.

So, if you’re still in that rescission period, all you have to do is write a letter and send it to the address listed in your contract. If that sounds too complicated, Primo Management Group can make it even easier! Give us a call and we’ll help you write your letter to ensure your contract is cancelled the right way.

The Long Haul

If your rescission period has ended, you can’t just cancel your contract. Instead, you have to find a way to get your timeshare company to release you from your contract. And unfortunately, that’s easier said than done.

Deed Back Programs

If you’re lucky, your resort may offer a program that allows you to easily give back your timeshare. You won’t get any money for it, but you will be free of future fees and obligations. To qualify for these programs, you usually have to own your timeshare. So if you’re still making payments, you won’t be eligible. And most resorts require you to be up to date with all maintenance fees and special assessments.

The Timeshare Exit Partner

So, let’s say that your rescission period is over and your timeshare company is unwilling to work with you to exit your contract. In this case, you probably need a timeshare exit partner to help you get out. Of course, not all partners are created equal. Some will take your money and not get you out of your timeshare. Others will drag their feet while you make payment after payment with no guarantee of results. Look for a firm that specializes in timeshares, has good reviews from the Business Consumer Alliance, and offers 100% money-back guarantee.

At Primo Management Group, we meet all the above criteria. We offer a free no-risk consultation during which we’ll explain our timeshare exit basics. You’ll know exactly what you’re getting into. And we guarantee results. Contact us today!

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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.