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Timeshare Questions to Ask BEFORE You Buy

timeshare questions

February 2, 2019 – by Primo Management Group

timeshare questions

Make sure to ask these questions before you buy a timeshare from anyone!

Timeshare transactions are complex to say the least. And high-pressure sales presentations are the norm in the industry. So, it’s easy to miss the most important details and get yourself in over your head. Instead, slow things down and get all the information. Here are some key timeshare questions to ask before you sign any contracts or pay any fees. Not only do these timeshare questions give you valuable information, but the answers can be red flags about the type of company you’re dealing with.

What is the maintenance fee history?

Every timeshare owner pays annual maintenance fees covering basic repairs, housekeeping and maintenance. These fees go up every year and can be unpredictable. Although the company can’t tell you what fees will be next year, they can show you what they have been in the past. So, you can at least see the trends and compare these with industry trends. If you see sharp increases year over year that don’t mirror industry averages, you should consider another resort.

What is the special assessment history?

Special assessments are one-time fees levied by timeshare Homeowners Associations (HOAs) to cover large repairs and upgrades, natural disasters, and financial shortfalls. Again, no one can predict special assessments, but you can see what the resort has done before to use as an indicator of what they might do in the future. A history of special assessments for shortfalls is a big red flag since it can mean lots of owners are defaulting or not paying their fees. And you certainly don’t want any part of that!

Can you put everything in writing?

It’s always good practice to get everything in writing when it comes to any contract or real estate transaction. But it’s even more important when you’re dealing with timeshare companies. In some states, timeshare contracts contain a clause in which the buyer agrees that they did not rely on any spoken promises in making their decision. If reps can’t be held accountable for what they say, they can say anything. However, they can be held accountable to anything in writing. So if the answer to this question is no, then there’s probably a reason.

Can I think about it?

Timeshares are big purchases. In fact, in 2017, the average price of a timeshare was $22,180. Needless to say, any responsible buyer would carefully consider an expenditure of that size. If they won’t let you think about it, they’re pushing you into an irresponsible decision. And who wants to enter into a lifetime deal with a company like that? If they won’t give you the time you need, walk away and find someone reasonable to work with.

We hope you ask these questions before you buy. But if it’s too late, consider timeshare exit with a reputable company like us. We help people get out of the timeshares every day. And not only that, we’ll also answer all of your questions up front before you sign anything. Contact us for a free 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.