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Timeshare Sales Stories: Fairy Tale or Heist?

Timeshare Sales

April 19, 2019 – by Primo Management Group

Timeshare Sales

Check out the timeshare sales story from beginning to end.

Each timeshare sales process has a story. And although some do have happy endings, others turn from fairy tales into horror stories. Let’s take a look at where timeshare sales go wrong.

The Ideal Timeshare Sales Story

The ideal timeshare story goes like this: A prospective buyer attends a sales presentation. During the presentation, the sales rep offers an amazing deal. The buyer uses their extra money in the bank to take advantage of this deal. And they are rewarded with a free gift just for attending. Then they spend the remaining years of their life paying reasonable maintenance fees in exchange for wonderful vacations with their family. When they die, the timeshare passes to their children, who are happy to do the same with their families.

The Timeshare Sales Presentation

Each timeshare story starts with a timeshare purchase, usually during a sales presentation. But unfortunately, not all sales presentations are like the one above. Here are a few ways the story turns dark.

  1. The Sales Rep makes false promises. Some buyers find out that their dream vacation is a nightmare. Instead of the beautiful beach-view unit, they’re in a cramped studio overlooking a cement pool in disarray. Or they find out that their timeshare was a fantasy. The points they purchased aren’t worth a hill of magic beans and the only way to actually schedule their vacation is to pay more.
  2. Sometimes the free incentive disappears when the consumer refuses to close the deal. So, even though they sat through the presentation and maybe even ended up buying a timeshare they didn’t want, they don’t get the gift.

Upfront Costs

In our perfect story, the owner happily pays a bargain purchase price plus appropriate annual fees to support amazing vacations. In real life, that’s not always the case.

  1. The sales rep may use high-pressure tactics to push the buyer into paying far more than they need to. When this happens, the buyer gets anything but a bargain. And considering that the resale value of a timeshare is pennies on the dollar, any price may be too high.
  2. The buyer may not have the money up front, so the sales rep offers easy developer financing. Unfortunately, developer loans often come with high-interest rates. So the consumer ends up paying much more in the long run.

Ongoing Fees

All timeshare owners pay maintenance fees to cover basic resort maintenance and upkeep. But here’s how fees get out of control and speed toward an unhappy ending.

  1. Sometimes maintenance fees rise very quickly. And that means that owners can’t keep up. Suddenly their bargain vacations start feeling like burdens, and there’s no fun in that!
  2. Other times, resorts levy one-time special assessments to cover damages, upgrades or shortfalls. Owners can’t plan for these unexpected expenses. And the timeshare sales rep probably didn’t’ mention these in the presentation.
  3. Finally, in some cases, maintenance fees and special assessments are just the tip of the iceberg. Sometimes those fees multiply like gremlins until owners just can’t handle it anymore.

No Escape!

The final plot twist is that once the timeshare sale is final, it’s difficult to escape. Some owners rent out units they can’t afford or can’t use, but this isn’t a permanent solution. And some owners try to sell, but the resale market is highly competitive. Others turn to the resort, trying to give back their timeshare to be free of the obligation. Unfortunately, most resorts make this very difficult. Is there no escape?

The Happy Ending

We’re happy to tell you that even the scariest timeshare story can have a happy ending. Even if you were the victim of a deceptive sales process or your timeshare fees are out of control, you can get out. We help people get out of their unwanted timeshares everything. And that’s not just a story. It’s the truth backed up by hundreds of happy clients. Contact us today to see how we can help you get out.

(Image by 40inwiktor from Pixabay)

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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.