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Timeshares In Florida, How You Can Get Trapped

October 22, 2019 – by Primo Management Group

Timeshares aren’t going anywhere. They are more popular than ever because people fall in love with specific travel destinations and have more travel time than ever before. With 3-4 weeks of vacation time, employees are happy to hit some of the same spots every year and then change it up once or twice and try something new. In order to save money on their regular spots, people have been told to invest in timeshares or resorts which allow them the opportunity stay in the same place and keep the costs down. It seems great on paper, especially if you are visiting Florida.

The cost of visiting Florida seems to go up every year. Worse yet, if you want to travel during a holiday weekend, summer or another time of the year that’s very popular, staying in a hotel can be very expensive. For example, some nice hotels in Miami can go for $500 a night or more during peak weekends and weeks during the year. So, with that being the case, it would seem that getting locked in with one of these resorts might actually be a good thing. Actually, it’s not.

Throughout the year, the cost of living will go up and make things more expensive for people who have these types of agreements. You are literally paying more for the upkeep on a place you do not own. Even worse, you were probably told that it would be easy to rent out the property during the time you have it if you want to go somewhere else or cannot take that time off. That’s not true. In fact, it’s very difficult to market your availability of the property and to ensure that someone will rent it in time. Plus, if they cause any damage to the property it’s on you to have it fixed.

If that’s something you would like to avoid, you should look into hiring a company that specializes in getting you out of timeshares as they can help you to save thousands and free yourself from any long-term commitments and expenses.  

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