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Why Do People Hate Their Timeshares After A Few Years?

December 16, 2019 – by Primo Management Group

You’ve heard the talk about timeshares. Stay away, don’t do it, it’s not going to be a good deal for you, you will hate it. But why do so many people keep buying them? You know not to jump off of a roof because people told you not to do it when you were young. As an adult, plenty of people have told you not to buy a timeshare but people keep doing it. It doesn’t make sense and you really don’t know why so many people hate it. What makes a new owner or renter hate their decision so soon after making it?

Extra Costs

Once you sign the agreement the first few months seem to be exactly as you were promised. Then you notice a few bills in the mail that you were not expecting. Some timeshare companies, not all, throw in extra fees that you were not prepared to cover, especially if you signed this agreement in an effort to save money when you take a vacation.

Hard To Find Renters

One of the first questions people ask about when they look into getting a property is what are their options if they cannot or do not want to use it when it’s their turn? The company giving you the deal will tell you how easy it is to find a renter for the property so that you know only lose money, but you can even make money by renting out the unit. Rarely is it that easy.

Unhappy With Co-renters

Remember, you are paying for a place that is going to be used by other people and if the property isn’t well taken care of, that means you can take it over with serious issues. This is something that happens when rental property management companies simply do not care and allow renters to do whatever they want.

Increase In Fees

Along with hidden fees you have increased cost of your unit. This usually happens around your second or third year and the excuse you are given is that the cost of living, taxes, insurance and utilities have gone up in the area and the responsibility of covering those costs is now on you.

It’s pretty easy to see why so many people want to find a way out of their timeshare as quickly as possible. Some people hate the agreement a few months after they sign it while others hate it after a few years. If you have found yourself stuck in this deal and you are not happy with it, contact Primo Management Group 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.