Our headquarters are located in Central Florida. PMG works tirelessly helping timeshare owners across the US. We are consumer advocates with 5 star reviews online, and an ‘A’ rating from the BCA.
Primo Management Group | 7200 Lake Ellenor Drive, Suite 201 and 202 Orlando, FL 32809 | (407) 627-1179
Most people think of real estate as a good investment. So, it follows that a timeshare investment might also be a good idea. It’s real estate, after all, right? Well, not exactly. Let’s look at what constitutes a good real estate investment and see if a timeshare investment fits the bill.
Real estate is generally considered a safe investment for many reasons. One key reason is that real estate properties have inherent value. The land you purchase and any structures on it are worth something. That’s why it’s relatively easy to get loans for real estate. Lenders view real estate as a secured loan. According to Experian, a secured loan is backed by a financial asset—such as the home or property—that the lender can take if you are unable to pay back the loan.
So, do timeshares have inherent value? In a word, no. Unfortunately, the timeshare itself does not have value. It may have a market price, meaning someone might be willing to buy it, but the value itself is based on other factors. Furthermore, some types of timeshares aren’t even backed by anything. In a right to use contract, you don’t purchase an actual item. Rather, you pay for the right to use one or a variety of properties. And in the case of vacation clubs, you don’t even have the right to use a property. Rather you have the right to try to use a property.
When you invest in stocks or a company, there is no guarantee that the stocks or the company will retain that value. And there is no guarantee that you’ll see a profit due to increasing value. However, real estate almost always increases in value over time. So, if you can wait, even if you do nothing, the chances of making a profit are high.
We just discussed that timeshares don’t have an inherent value, but they do cost money. Will the cost of your timeshare increase over time such that you could make a profit when you sell it? Again, the answer is no. Much like the value of a new car drops as soon as you drive it off the lot, the value of a timeshare also plummets as soon as you sign the contract. Many timeshare owners find it difficult if not impossible to break even when they try to sell. And most sell at a significant loss.
A traditional real estate investment comes with tax benefits. For starters, you can get deductions for mortgage interest, depreciation, property taxes and more, even on your primary residence. As a landlord, you’ll earn money with your investment. You can also use a real estate investment as collateral for other investments.
Is the same true of a timeshare investment? Once again, the answer is no. There are no tax benefits for timeshare ownership. In fact, if you financed your purchase, you can’t even deduct the interest. Which is too bad since those interest rates are likely to be on the high side. And although some people do choose to rent out unused timeshare weeks, profit is unlikely. You’ll be lucky to recoup the cost of your maintenance fees. And you may find yourself paying fees to your HOA for the right to rent at all. Finally, you can’t use your timeshare as collateral for anything.
So, is a timeshare investment a good idea? Unfortunately, no. Timeshares don’t meet any of the criteria for financial investments. In fact, a timeshare is actually a financial obligation. If you got stuck in a timeshare investment that wasn’t and are looking to get out, we can help. Contact us for a free consultation today.
(Image Source: Pixabay)
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.
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.
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.
Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.
Yes! Permanently! GUARANTEED!
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.
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.
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.
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.
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.
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.