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What Is The Appeal Of Timeshares?

understanding timeshares

June 11, 2019 – by James Cox

understanding timeshares

How do timeshares make so much money? There has to be a reason why the industry generates so much money every year. Are people really that gullible, or is it that there is value in what these companies are offering? The first thing you have to realize about these deals is that some of the, in fact a large percentage of them, are decent and fair. If you are frequently visiting or vacationing in a specific area and you are trying to reduce your costs as far as getting a hotel or renting an apartment, then timeshares are a great option for you.

Family Vacation

Imagine a family who wants to visit Orlando during December and the first week of summer. They have three small kids and they want to go to theme parks and enjoy the local attractions that are available. A hotel can cost thousands of dollars a year and can be hard to book, not to mention dealing with the cleanliness of the room, other guests and more. When you consider all of that, it’s easy to see why these people have an interest in signing up.

Looking For An Investment

People have an interest in investing in real estate. They know that the value can go up over the years and that they either have a very affordable place to stay on vacation, or they can sell their days or weeks at a profit, something that many timeshare owners are able to successfully do. Again, if it was a complete scam, there wouldn’t be an industry.

Friends And Family

Another reason people buy in is because friends and family are as well. Your trusted friend who does well in real estate investing has done their homework and they know that this is a good deal for you. You want to vacation with them for years and you decide to buy in the same area they are.

So, What Goes Wrong?

There are several things that can cause someone to realize that they do not get a great deal and that they need to get out of the timeshare. Loss of value in the property, expensive maintenance fees, increase in taxes and insurance, less desire to visit the location and plenty of other reasons can turn your vacation home into a place you wish you never signed up for. If you are not sure whether or not it’s time to get out of your deal, contact us today for a free consultation.

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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. 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.