Primo Management Group | 7200 Lake Ellenor Drive, Suite 201 and 202 Orlando, FL 32809 | (407) 627-1179

Free Consultation Click to Call

Timeshare Problems to Watch Out For

timeshare problems

May 20, 2019 – by Primo Management Group

timeshare problems

What timeshare problems do you need to watch out for this year?

Timeshare problems have serious consequences. Here are some to watch out for and what to do about them.

Overzealous Sales Reps

Overzealous sales reps are common in the timeshare industry. Like any person working on commission, timeshare sales reps are often highly motivated to close the sale. So they employ all kinds of high-pressure sales tactics. First, they offer inviting incentives to get you to sit through their presentation. Of course, they don’t tell you that the value of these free gifts is much less than the average cost of a timeshare, which is currently over $20,000. And the cost of the gift is probably included in the timeshare purchase price.

During the presentation, they may make false or misleading statements to ensure the sale. In particular, watch out for misrepresentations of the unit or the ease of the reservation system. They may also tell you the price is a limited time offer. But remember, they’ve been saying that forever, so take those comments with a grain of salt. Some consumers even report that sales reps wouldn’t let them leave the presentation without buying a timeshare. If you attend a sales presentation, you may end up with buyer’s remorse. Our best advice for dealing with this is to skip the sales presentation and use your time to enjoy this vacation.

Rising Maintenance Fees

Rising maintenance fees are almost synonymous with timeshares. Every timeshare owner pays them and they tend to increase over time. Maintenance fees cover the basic operating expenses of the resort such as routine maintenance, housekeeping, and repairs. Rising fees can become a serious issue in several ways. First, fees may rise very quickly. And when this happens, the cost becomes difficult to afford. You may find yourself falling behind on payments and facing late fees, credit damage, or even foreclosure.

Even if you can afford the fees, you may find that the value you get from your timeshare is less than what you’re paying. For example, in some cases, you could rent the same unit for less than the annual maintenance fee. So there’s no value in owning. And in fact, you’re being penalized and actually paying more than a non-owner. In other cases, the timeshare experience itself isn’t worth what you’re paying. The resort may fall into disrepair or lack key amenities. Or you may be unable to use your points because of a lack of availability or overbooking. And sometimes you just can’t make it to your timeshare. But you still have to pay the fees.

Resale Scams

If you’re looking to sell your timeshare, you’re vulnerable to timeshare resale scams. It’s difficult if not impossible to sell timeshares, even at very low prices. So these insidious resale schemes are able to defraud owners of thousands of dollars every year. Here’s how it works. A company identifies you as an unhappy timeshare owner and contacts you with the answer to your prayers. They have a buyer for your timeshare! Of course, they require upfront fees to ensure the sale. They’ll often ask you to wire money or to pay in gift cards or other untraceable ways. But after you’ve paid, you find out there was never a buyer. So you’re out your money and you still own your timeshare.

Our Solution to Your Timeshare Problems

If you’re facing these or other timeshare problems, timeshare exit may be your solution. We help consumers cancel their timeshares safely, ethically and forever. No more maintenance fees. No more scams. Guaranteed. Contact us today to see how we can help you solve your timeshare problems.

(Image by romaneau from Pixabay)

Tags:

Get A Free Consultation

Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

Get A Free Consultation

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.