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Top Timeshare Exit Reasons

Timeshare Exit Reasons

January 23, 2019 – by Primo Management Group

Timeshare Exit Reasons

Protect yourself! Watch out for these top three timeshare exit reasons.

As consumer advocates helping timeshare owners with the timeshare exit process, we hear a lot of complaints about timeshares. Here are some top timeshare exit reasons to be aware of before you buy.

Maintenance Fees

Maintenance fees continue to top the list of timeshare exit reasons. And it’s no wonder. First, these always increase over time. In fact, according to the ARDA, average timeshare fees have doubled since 2005. Right now, the average owner pays around $980 in annual maintenance fees. Who knows what you’ll owe in another 10 years? Many owners simply don’t want to find out and choose to exit while they still can. Other owners can no longer afford the rising fees, so they seek an escape.

Another issue can be how resorts spend the maintenance fees. Most fees cover routine maintenance, housekeeping and repairs. However, some resorts also put money towards payroll, marketing, and other initiatives. Or the changes and upgrades are unwanted or substandard. And unfortunately, most owners don’t have a say in any of it. This is especially true for resorts whose HOAs are dominated by the timeshare company. Owners have little to no power over any expenditures. Many choose to cut their losses and get out.

Lack of Availability

Although the timeshare industry would like consumers to believe that timeshare ownership is dynamic and flexible, many owners find the opposite to be true. Owners of floating week or points based timeshares must often compete with other owners to reserve their weeks. Since there are only a limited number of units, it can be difficult to book those highly sought after intervals. Many owners settle for less than convenient weeks or units. Still others can’t get any reservations. Or they end up having to pay more when the only available openings cost more points than they have. We hear complaints like this all the time. Who wants to pay for a timeshare they can’t use? No one.

Competitive Resale Market

For many owners seeking to get rid of an unwanted timeshare, the resale market is their first choice. It’s an attractive solution because it offers owners the chance to recoup at least some of their costs without having to pay any additional money. Unfortunately, the reality of the timeshare resale market for sellers is somewhat bleak. Most timeshares resell for only a fraction of the initial price. In addition, the crowded market makes it difficult to find a buyer. Many sellers find themselves having to offer deals and enticements to stand out from the crowd. And if they do find a buyer, many encounter all manner of fees and closing costs.

We can help no matter what timeshare exit reasons you have. In fact, many of our clients wish they’d called us sooner! Contact us for a free, no-risk consultation today to see how we can help.

(Image source: 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.