Somehow, he found himself in a 90-minute high-pressure sales presentation on the “joys of owning.” Think about the hotel prices you won’t have to pay? Think resale value! Think about trading that cool timeshare property in Paris for the vacation of your dreams. So, you asked a million questions, and they were all answered the way you wanted. It sounded like a great way to have a vacation lined up for you and your family for years to come. After about 3 hours, he moved on with a purchased one; you and millions of others. That was a few years ago, and now I wish I had never heard the word “timeshare.” But there’s a solution so you no longer have to worry about annual fees, property taxes, and the “special assessment” that’s coming up. Here are a few reasons why you should consider letting us help you out of that timeshare:
- Hidden Fees: They don’t tell you that with a timeshare comes a membership fee with Interval International or RCI. These are the two great exchange companies that allow you to get your timeshare “up and running” for exchange. They also don’t tell you that there is an “exchange” fee of around $150. So add these fees on top of all the others, add the decline in property values around the world, and you’re spending more than you would on hotel rates. If you can’t afford to join these services, chances are you’re not even using your property, so you’ve just given someone else a good chunk of your money. Stop. Don’t give them more! Let us set you free!
- Property you bought doesn’t trade well: It’s cool to think that once in a while you can trade your property for some kewl location like Aruba or Maui. But if your property has restrictions like “not available over Christmas” and is located in Park City, Utah, few people will want to go. Who goes to Park City in the summer? Maybe some die-hard mountain bikers, but not usually the timeshare demographic! If this is happening to you, you are bound to pay fees and taxes and lose exchange fees for something you can’t use. That is wrong.
- Your life has changed since you bought. Maybe when you originally bought, you had kids at home and the property was on a lake. This was great for a few years and you took some amazing photos of your wakeboard. But now, the kids are gone and you’re almost done with the lake. The economy is terrible and you can’t get half of what you paid 10 years ago. Don’t pay the $2000 special assessment for that new roof on a property you never use. Let us help you get out of this financial rope.
- The “network” of properties you can trade in is useless. Timeshare companies often have their own free network of properties. “We have properties all over the world.” “No exchange commission.” This sounds fabulous, but you’re not smart enough to ask exactly where these properties are. It turns out (after you’ve bought) that there’s only one property in “London”, it’s reserved for the next century, and it’s a 30 minute underground journey to get to London proper. Speaking of bait and switch! Maybe you can reserve a week for your grandchildren!
- “Get Away Time” – Once you buy, you find that you really enjoy the property and want to visit it more. The only way you can visit beyond the week you purchased is to purchase “getaway time,” rates that are available to owners and are usually quite reasonable. The problem is, the property doesn’t care about the owners, so it lists their vacancies on Hotwire or Trip Advisor for triple what they charge owners for “getaway time.” So you’re out of luck because somehow the highest paying people always come before the owners. Yes, they tell you in the sales pitch that “the property has privileges.” But it’s a lie. There is none except the privilege of reaching into their pockets and watching their precious location being sold to others for $350 a night!
Maybe your timeshare was fine for a few years, but now it’s just a ballast around your neck. Timeshare resolution can get you out of this timeshare terror.
