What To Do After You Get Rid of Timeshare Obligations For Good

What To Do After You Get Rid of Timeshare Obligations For Good

When we wrap up the termination process with our clients, many tell us it feels like an enormous weight has been lifted from their shoulders. The stress and hopelessness that comes with the expense can be exhausting to say the least. But the relief of cancellation is invigorating for most. Aside from creating financial limitations, the burden of the purchase can also take a toll on personal relationships. Buyers aren’t the only ones forced to deal with the disappointment. Vacations that were once anticipated can easily turn into a sore subject when expectations aren’t met for multiple people. After owners finally get rid of timeshare obligations for good, they may feel like they need to make up for lost time. But don’t get too excited just yet.

While the concept of timesharing may have lost its appeal, former owners may look to quickly right their wrong. But it’s important not to act out of spite or in haste. Scam artists have been known to target those exiting timeshare contracts. Resorts also have effective follow up practices that lure desperate travelers back in. But instead of advising you on where to turn for your travel needs or how to spend the money saved, we decided to take a different approach. One that forces you to reflect on your failed timeshare experience and what went wrong throughout the process. The goal here is to help you acknowledge your missteps and avoid making the same mistakes going forward.

1. Assess the Loss of Timeshare Ownership

Before wiping the timeshare property from your recent memory, it’s important to set aside time to analyze the purchase. This will help you make more informed decisions and avoid future impulse purchases altogether. When assessing your loss, the first thing you’ll want to do is acknowledge how much the timeshare expense actually cost you. Compare it to what you thought it was going to cost. Sales teams use a lot of misspeak during presentations and normally don’t include taxes, interest and annual fees during their proposal.

Come to terms with how you were misled and try to understand how the salesman hid this information from you. Once you start to realize how you were duped into buying, you’ll be able to identify other elements of the purchase that were misleading. What initially intrigued you about attending the timeshare presentation? Were you targeted online, at an event or through the mail? Each of these tactics can tell you a lot about how and why you were targeted.

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The way you were persuaded can also tell you a lot about your susceptibility. What caused you to trust the salesman? What questions were you asked and how were your answers used against you? What questions did you ask that were inevitably avoided or ignored? Did anything distract you from your gut instinct during the presentation? If you bought multiple upgrades or invested in timeshare relief programs, why did you make these decisions? What was said during these sales that caught your attention? Understanding how you got into the hole you were in can be enlightening to say the least.

Learning from a regretful purchase is the best thing you can do. It’s what you need to do if you ever want to move on. At the end of the day, there’s no need for you to project your timeshare experience onto other opportunities. Not everyone wants to scam you. Besides, you could potentially help other people on the verge of making similar mistakes. Having to get rid of timeshare obligations isn’t something to be ashamed of. It’s pretty bold when you think about it. Many remain stuck in the never ending cycle. Your story could impact someone else’s fortune!

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2. Ease Back Into Traveling, Recoup From the Loss

Purchasing another timeshare may not be on your agenda, but traveling without being strapped for cash might be. Now that you’ve gotten rid of your timeshare obligation for good, it might be tempting to take the first flight out of town. But taking a break from traveling may actually help you regroup. Spending more money to fill a void isn’t necessarily going to make you feel better about the loss. Especially if timeshare payments have caused you to get behind on bills or investing in other needs. Once you’re free and clear of your contract, try turning your attention to everything that’s been hindered by the purchase.

Have you been putting off home or car repairs due to financial hardship? Do you owe anyone money? Do your kids need some new clothes? Could you use some personal maintenance? Taking care of needed expenses first helps you avoid extending the regret of ownership. Has your family enjoyed dinner out on the town lately? Is there a relative or friend you haven’t been able to visit for a while? Just because the timeshare didn’t transpire doesn’t mean you have to splurge on a magical vacation to make it all go away.

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If you need time to recover financially, then it’d behoove you to take a break from your travels. But if you believe in routine escapes, there are plenty of little trips you can take. Create a list of things you can do locally or within a few hours drive. Ease back into your travels and create a budget you can stick to. If you have a travel itch that simply needs to be scratched, just keep it simple. As long as you’re able to get away and spend time with those you love, nothing else really matters. In the meantime, write down some financial goals and start setting aside money for a future trip. Planning a sensible, budgeted vacation with your spouse, kids or friends gives everyone something to look forward to.

3. Save Money and Maximize Your Next Vacation

While getting rid of timeshare obligations frees up a lot of cash, saving it can be very rewarding. Whether you canceled your timeshare after 3 months or 30 years, you’re still going to want what you initially paid for. Whatever your reason for canceling was, you probably still want what you paid for. Unfortunately, ripoffs normally don’t include restitution. That’s why steps 1 and 2 are so important. After you’ve assessed and recouped your losses, planning a trip the right way becomes easy.

Forcing a vacation or buying the first deal that comes your way is rarely fruitful. Some of the most memorable vacations tend to be those that were either thoughtfully put together or spontaneous (road trip, staycation, etc..). Avoiding expensive trips at first will be worth it in the long run. Making sacrifices in response to your loss helps you avoid traveling on a tight budget in the future. Take responsibility for the decision and make the best of it for now. If funds are limited, the unexpected or an appealing attraction (you can’t attend) could ruin the entire trip.

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The key to life after a timeshare exit is the plan. The more people on the same page the better. Setting expectations and being realistic about anticipations helps you develop an itinerary that pleases everyone. When plans aren’t rushed and money isn’t scarce, the outlook is promising. Waiting to go on vacation until after you finally get rid of timeshare obligations ensures everyone enjoys themselves. From here, you can leave the poor timeshare investment in the past.

4. If You Really Want a Timeshare, Start Researching Resorts

Getting rid of a timeshare agreement doesn’t mean you have to give up on the concept for good. Not all experiences are bad. Most don’t work out because buyers just aren’t cognizant of what they’re purchasing. If you’re still intrigued by fractional ownership, but don’t want to make the same mistakes, then start researching your options. Join online forums or social media groups to learn more about the ins and outs of the industry. Ask the right questions and gain a better understanding for timeshare terminology. A “right to use contract” or a travel club just might suit you better.

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Either way, today’s travel opportunities are endless. Whether you’re a global traveler or you only need a few weekends at the beach per year; the perfect solution is out there for you. You just have to find it. Don’t let the opportunities sell you. Ignore the bright, screaming advertisements and find something that makes sense. Take the things you’ve learned from your experience and apply them. Don’t allow yourself to be persuaded and never forget how worthwhile a well-planned vacation can be. If there’s a chance the resort can’t deliver, or the offer seems too good to be true, there’s no need to rush. It can be especially devastating if you have to get rid of timeshare obligations twice.

For more information on our cancellation services, you can schedule a FREE consultation or visit the qualification form below.

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

Why You Should Dump Timeshare Contracts Instead of Upgrading Packages

What many people don’t realize about timeshare ownership is that the sale doesn’t end after they’ve signed the contract. Timeshare companies know that once you’re locked into a perpetual agreement they can pretty much dictate where your travel dollars go. Aside from a high pressured approach during the initial presentation, they take additional measures to persuade their users to spend more money over time. Because of this, we believe it is highly beneficial for owners to dump timeshare contracts before they’re persuaded into buying upgrade options.

Before solidifying this claim, it’s important we understand how fractional owners got to this point in the first place. What exactly causes them to believe they need to take action? What element of the experience has them contemplating spending more money or dumping the expense altogether? Whether you believe our perspective is bias or not, many timeshare owners are plagued with this decision. Every day, we talk to dozens of disgruntled buyers looking for guidance or insight on their options.

Why Dumping Timeshares Is Smarter Than Upgrading Condos.

While it may seem like both decisions are irrational, you have to understand a majority of buyers have no desire to stay where they are. They’re seeking relief because they don’t believe they’re getting what they paid for. Although the first impression of vacation ownership typically involves excitement and anticipation, the level of enthusiasm normally dwindles over time. Anything from availability frustrations to unacceptable accommodations can leave timeshare owners in a pool of regret – instead of by the pool without worries. Aside from expectations not being met, they feel taken advantage of and vulnerable. They’re not sure who to trust or what the actuality of their timeshare really is.

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Enduring a purchase that hasn’t aligned with expectations forces many to hope for the best. Especially when they’re at the mercy of a perpetual agreement. Buying a timeshare costs a lot of money. For some, it’s easier to spend a little more to get what they want instead of throwing away the entire purchase. Let’s face it, some people just have the money to blow. While it’s easy for these types of people to swallow their pride a little, others become more prideful and refuse to give into obvious tactics that devalue buyers. But it doesn’t mean they won’t cave once a deal with appeal comes across the table.

No matter how upset owners become, customer service reps (CSR, AKA sales reps) are trained to deflect grief and connect with their owners. Most sales operations make their living off an ability to combat dissatisfaction. In some cases, timeshare owners are led to believe that the poor experience is their fault. That they bought a cheap package or that agreeing to additional options during the contract signing would have improved availability and enjoyment.

When reverse psychology doesn’t work, CSR’s have a number of tricks up their sleeves to reassure their users. Without going into too much detail, timeshare companies are equipped to force your hand. When the initial purchase flops, they basically dare you to cancel the timeshare while teasing you with intriguing deals and upgrade scenarios. Why wouldn’t they choose something they’ve already invested thousands into? Especially when timeshare cancellation companies are suspect themselves. CSR’s know the latter is risky so they’re willing to wait on you. You signed the contract and they owe you nothing, but will sell you anything.

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Like we said, signing the contract is only the beginning of a never-ending ales cycle. Any type of relief can turn into many forms of grief. It’s the way of the industry. Although your experience thus far might be forgettable, who’s to say it’ll get better when you pay more? Caving may seem like your only option, but is it a responsible one? While analyzing how timeshare owners got to this point provides us with substance, the real reason you should dump timeshare contracts lies in the aftermath of an upgrade. Let’s look at three consequences that solidify our stance on termination.

1. Saying “Yes” to Upgrades Puts a Target on Your Back

If you’ve worked in any type of sales environment before, you’ve probably heard the common saying, “take 3 no’s before giving up on a yes.” But what many fractional owners don’t realize is this rule doesn’t apply to them. Once someone has agreed to the timeshare contract, they’ve become susceptible to a lifetime of misleading, persuasive abuse. While the initial presentation can be overwhelming, the pressure to take advantage of discounts and special offers is limitless. If they can persuade people to pay $20-40K unexpectedly, they can easily add a few thousand along the way.

Some people don’t possess the ability to say “no” and they end up racking up all kinds of expenses because of it. Moreover, once they agree to an upgrade, the vultures start to circle. Incentivized sales teams know who the most gullible owners are. The worst part is that many of these “upgrades” don’t add much value or resolution to fractional ownership. If you’re constantly being harassed to upgrade your points program, understand it’s only a bidding war on secondary inventory that the general public doesn’t want. The goal isn’t to improve your experience, rather increase your annual donation so the salesman can go on vacation and the timeshare’s margins increase.

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2. Upgrades Won’t Resolve Your Complaints.

Have you ever confronted someone and they responded by offering you something? Although you really want to remain upset about the situation, the idea of being treated can be compelling. Sometimes, it’s enough to cause you to apologize for your holding a grudge or being mad. You might even forget about the problem or concern altogether – at least until they wrong you again.

Aside from maximizing revenues from fractional owners, timeshare companies know how to execute this “bait and switch” tactic as well. Instead of actually listening to your concerns and providing you with a solution, they’ll make you feel like the repayment was worth the inexperience. The relief doesn’t last, headaches resume and the resort is able to keep you from dumping the timeshare contract for a few more months until things unravel again.

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3. Dumping Timeshare Contracts Isn’t As Costly.

What many owners don’t realize is they end up paying more for the same problem. Instead of going with their gut, they give the timeshare another chance to deliver on something they promised. In their mind, they’re still owed. In the resort’s mind, they just want to remain in the driver’s seat. They know their obligated customer isn’t going anywhere. All they have to do is pretend they care and offer something to make you go away.

Aside from complaints not getting resolved, the cost of ownership rises significantly when you agree to new terms. The simple fact that additional contracts are being signed is often overlooked during the upgrade process. As agreements stack up, it becomes more and more difficult to dump timeshare ownership. In turn, legally exiting the timeshare becomes more expensive. Continuing to sign new contracts proves you’re responsible for your decisions. This gives the timeshare quite a bit of leverage. Remember, you have the ability to say, “No.”

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Understand Upgrades Before Agreeing to Them.

When you think about it, timeshare companies sell “what could be’s” instead of actualities throughout the entire process. After a few rounds of this, many owners realize dumping the timeshare contract is their only option. We’re simply here to tell you that you can legally walk away now and avoid the heartache. Thousands of people are reeled back into ownership every year and hundreds of thousands of dollars continues to go towards something that never improves. It’s how the industry has been able to thrive in a market full of alternative, convenient travel options.

Don’t be a statistic and get rid of your timeshare for good. Especially if you’re having second thoughts about the purchase. Over time, your decision can become extremely costly. Dumping your obligation and pursuing a sensible vacation can be one of the best things to ever happen to you. Even if you have to deal with the regret for a few years. For more information on VOC, you can schedule a FREE consultation or proceed with a qualification form below.

The Main Reason Fractional Owners Cancel Timeshares is Lack of Disclosure

The Main Reason Fractional Owners Cancel Timeshares is Lack of Disclosure

When it comes to timeshare ownership, there are a number of complaints that can surface. Some are easy to fix and others can be concerning or problematic. In an age where travelers can pretty much go anywhere, you’ll find that many are willing to take risks for the right deals. They’ve learned to temper their expectations and embrace a little more adventure. When you’re traveling with enlightenment in mind, the unexpected tends to be riveting. Traveling to places you’ve never been tends to come with a dash of unexpectedness. This is what adds a little thrill to the nomadic culture that scours our planet today. At the same time, it’s what separates retail travel from vacation ownership. In order to understand why fractional owners cancel timeshares, we have to acknowledge why they make the purchase in the first place.

With that being said, there are still a plethora of people that value the traditional element of vacationing. They’re willing to pay higher prices to be pampered to a certain degree. An ability to enjoy upgraded living spaces, first class meals, amusement and entertainment outside of the norm is what vacationing is all about. It allows them to escape their worries, unless the trip becomes worrisome. When expectations aren’t met – or travelers don’t feel like they’re getting what they paid for – the entirety of the experience can be ruined altogether.

Generous Spending Travelers Have Expectations.

To put things in perspective, the average vacation costs $1,145 per person. Standard costs can be significantly lower when you’re traveling to less popular destinations. But for the most part, this is pretty consistent. It’s easy to see why so many people get their panties in a bunch when something goes wrong. In the case of the timeshare, a poor purchase decision can cost thousands of dollars per year, for life. This can be extremely problematic. Especially when there are so many timeshare owners that can’t even enjoy their purchase due to availability complications.

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If you’re the type of person who gets worked up when the continental breakfast isn’t available or the coffee pot is empty, then you probably won’t handle typical timeshare letdowns very well. The types of situations buyers face after signing away their annual salary is bothersome. While all travelers should witness top-of-the-line amenities and service when paying a pretty penny, timeshare owners deserve much much better. But because they’re under contract no matter what and retail opportunities are more fruitful for resorts, fractional owners continue to receive the short end of the stick.

Since we’ve already discussed most of these problematic scenarios in earlier articles, we wanted to talk a little bit about what finally pushes property owners over the edge. Although most believe things will eventually get better, others can’t wait until the day they’re timeshare free. A sense of hope is held onto because timeshare companies really know how to lead their users on and buy themselves more time. At the same time, there are 4 realizations that tend to occur at some point during ownership. The eagerness to cancel a timeshare contract usually peaks once owners see the purchase for what it is.

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Why Would You Want to Cancel a Timeshare Agreement?

When making a substantial purchase, consumers typically take their time. Because of the competitive nature of these transactions, a good amount of haggling is often involved. Not many people go into a car dealership and accept the sticker price. With that being said, it can be difficult to understand why so many consumers don’t use the same approach during a timeshare purchase.

But unless you’ve attended a timeshare presentation (or another high pressure sales environment) before, then it’s hard to get a sense of the level of enthusiastic deception involved. Incentives sometimes cause salesmen to make promises they can’t keep. Although regulations are beginning to crack down on unethical practices, timeshare owners are still being left in the dark about their purchase. Because a lot of their dissatisfaction stems from a lack of disclosure during the initial presentation, canceling the timeshare immediately is typically on their radar. Let’s take a look at 4 reasons why.

1. The Perpetual Reality Settles In

One of the many reasons fractional owners eventually cancel a timeshare contract is the realization their obligation is perpetual (never ending). Leading up to a timeshare sale, the contract details are often overlooked on purpose. Some make the purchase without even knowing a contract exists because they’re caught up in what they believe is a deal of a lifetime. Sales reps know how to keep attendees distracted with “shiny objects” instead of focusing on disclosure. Leaving out contract disclaimers and other pertinent information essentially encourages them to make a large purchase they know little about.

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Timeshare owners usually realize their payment obligations never cease once they’ve paid off the mortgage. The euphoria of paying something off can quickly turn into despair when the contract details are brought to their attention. The realization also occurs when availability issues become so concerning that the owner begins inquiring about a refund. When they’re pointed to the rescission period (agreed amount of time to cancel a timeshare), they usually uncover the actualities of the deal for the first time.

Having no control over future financial obligations or property use typically motivates owners to find a way out. To them, canceling a timeshare contract immediately is better than continuing to pay for something (for life) that they didn’t necessarily agree to. When compared to other relief options, like selling or renting, cancellation is far more rewarding.

2. The Survivorship Clause Loses Its Appeal

Aside from contractual specifics, timeshare companies do a great job of adding a number of value propositions to presentations that entice attendees. Empty nesters have been known to be a major target since they no longer have their children in the home. As this demographic ages, they tend to value an ability to will things to their children. Because of this, timeshare companies sell additional perks that benefit the whole family.

Besides right to use options (for friends, family or business travel), this demographic is normally intrigued by an ability to gift their children a paid off vacation package when they can’t use it anymore. This Survivorship Clause, also known as the “Legacy Pitch,” is another way salesmen distract attendees with partial truths. Instead of inheriting an available condo, heirs actually take over payments on a property that’s rather difficult to use. Some may not even want it.

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Whether the owner is processing the transfer or the heir is digging through the contract, the lack of disclosure can be unsettling. Canceling a timeshare becomes a lot easier when it’s clear the purchase was based on a lie. Owners don’t want to pass grief onto their kids and heirs typically don’t want to deal with the hassle. Especially if it’s from a parent that’s recently passed. 

3. Interest Rates + Fees Create Desire to Cancel Timeshares

When people first hear they can vacation every year for a fraction of the cost, they normally have a few questions. But timeshare sales teams are very sly when it comes to explaining payment obligations. While the expense may seem pretty straight forward, you’d be surprised how many buyers don’t analyze the entirety of the purchase. If they did, it’s safe to say many people would reconsider the expense.

During most closings, the potential buyer is made aware of their monthly commitment to the resort. What they don’t realize is they are obligating themselves to pay double (and sometimes triple) the retail rate. While the average cost of a timeshare contract is $20K over 120 months ($167/month), the purchase is actually closer to $43K when you factor in a 17.9% (average) interest rate. Buyers aren’t completely aware of how much this actually costs them because the numbers during the presentation don’t include loan details.

Maintenance fees also tend to catch new timeshare owners off-guard. Every year, fractional owners receive an “upkeep” bill with a $1K average. This brings the total cost of the timeshare to (at least) $53K. Their total will continue to climb if assessment fees pop up in the mail. These can be anywhere from $2-4K each.

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Remember, the contract is perpetual, so annual fees continue for life. This makes it difficult to even put a cap on the purchase. When you break it down, $400-$500/month is a lot different than $167. Many simply can’t afford this while others become bitter towards the cost. Especially when they’re only able to garner 3 star accommodations – if they’re available. Seeing they can spend $5000 on something better or save it altogether forces them to pull the trigger on timeshare cancellation services.

A Lack of Disclosure Causes Most Cancellations

There is a lot of uncertainty surrounding the explanation of timeshare contracts. Many timeshare companies have been busted for their unethical practices while others continue to find ways to misled their targets. Either way, a lot of the cancellation requests we receive are from timeshare owners who feel they’ve been lied to. What they thought was true inevitably wasn’t and now they’re spending their time trying to cancel a timeshare instead of enjoy one. If you believe you have a right to cancel or are simply wanting to get out of your timeshare agreement, we’d be more than willing to help. We offer FREE consultations or you can get started by submitting an eligibility form below.

Why Las Vegas Timeshare Owners Want to Get Out of Their Agreement

Why Las Vegas Timeshare Owners Want to Get Out of Their Agreement

When most people plan a destination vacation, entertainment normally plays a big role in their decision. Although some prefer a quiet escape with minimal distractions, most people travel to do what hasn’t been done or see what hasn’t been seen. In Las Vegas, Nevada, there isn’t much that doesn’t catch your eye. The city’s ability to grab and hold one’s attention span is unlike any other point of interest in our country. For example, it would take one person 288 years to stay the night in every single Vegas hotel room.

Nearly every American citizen has been to Las Vegas at least once in their lifetime. Some people never leave once they arrive. It’s been estimated that over 1,000 people live beneath the city of lights in underground tunnels. A few people even find pleasure in not being able to remember what transpired during their stay. The popular slogan, “What happens in Vegas, stays in Vegas” is the real deal. People looking to get loose for a weekend or two seem to be able to do so without any regrets. Not many places have been able to thrive with that motto.

While this only adds to the element of what has become known as “Sin City,” there is still a tourist draw to the Entertainment Capital of the World. Some people enjoy themselves so much that they plan multiple vacations to the strip every year. The lively, recreational landscape changes so much that they’re able to relish in something new each trip. Although gambling, sensuality and partying might headline most recommendations, live shows, sporting events, business seminars, product launches and people-watching can be just as appealing to travelers.

Either way, we can all agree that there is something for everyone on the 4.2 mile long strip in the middle of the desert. You don’t have to look at the city from space to know that it’s one of the most radiant places on Earth (actually the brightest from space). If it wasn’t so alluring, people wouldn’t be so willing to cash out in Nevada instead of a tropical paradise elsewhere.

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While Las Vegas may not seem like an ideal place for timeshare developers, it most certainly is. There are plenty of ways they use the city to maximize revenue. Although it may not be ideal for an American traveler to buy into an annual vacation across the World, Las Vegas always gets their attention. So before we explain why Las Vegas timeshare owners are exiting their contracts, let’s discuss a few of the deceptive practices being used to get people to make a lifetime travel commitment to Sin City.

The Las Vegas Lure is Advantageous for Timeshare Companies.

Since Vegas timeshare developers don’t have to spend a lot of time selling people on the perks of the city, all they have to do is dangle the idea of a free trip to garner attention. This simplifies their approach, unlike sales tactics for timeshare resorts in other parts of the country (or world). Most consumers tend to know what a “trip to Las Vegas” entails. This gives resorts an advantage when investing in cold calling techniques and direct mail campaigns. Although solicitation efforts have dwindled in the timeshare industry today, many consumers will listen to discounts in locations that already interest them.

Regional Outreach Efforts Entice Proximate Residents

When it comes to outreach methods, Vegas timeshare companies understand their biggest opportunity lies in neighboring states and cities. Geographical proximity targeting increases their ability to sell fractional ownership because of the convenience of the package. Whether prospects are being targeted through the mail or over the phone, the possibility of them driving to Vegas to check out the offer is a lot higher than other geographical locations.

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Since Las Vegas is located in the center of multiple major U.S. cities, this gives developers an advantage when luring people to the Entertainment Capital of the World. Come to think of it, we have offices in Scottsdale and Malibu that are only a few hours from the strip. Sales teams have already been known to say anything to get people to a timeshare presentation. It’s a lot easier for them to lure aspiring travelers to Vegas with a “complimentary” stay or for “a deal of a lifetime.” In the timeshare marketing world, this technique is called a “mini vac.”  Their job becomes easier once they get you to Vegas.

What many people don’t realize is that there are some drawbacks to accepting “free” offers. In order to use certain entertainment packages and perks, guests are required to jump through certain hoops. Normally, attending these requirements take up a majority of their trip to the strip. If you refuse to follow through with “your end of the bargain” (even if you weren’t briefed), you could end up with some unexpected situations that can be costly in themselves.

Targeting Travelers During Their Vegas Trip.

Vegas timeshare solicitation doesn’t stop with cold calling and mailers. Timeshare companies know there is a huge advantage to targeting travelers during their vacations to Sin City. It’s easy for them to reel in tourists that are stuck in a state of vacation euphoria, looking to enhance their experience. In Vegas, a majority of these people aren’t in a clear state of mind and resorts know it. The Las Vegas Sun even did a piece on how tourists are bucketed and targeted. Thrill seekers and those intoxicated (or hung over) are easy to engage and manipulate. The loose spending habits that normally accompany Vegas travelers also gives resorts an upper hand.

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As the article states, Vegas tourists are easily persuaded to attend a “free” show, dinner or nearby activity with little resistance, in exchange for 90 minutes of their time. If attendees are already enjoying their Vegas experience, they’re normally intrigued by the idea of something free. Once they’re pampered a little, returning to Vegas every year at a discounted rate sounds even better.

What starts off as a brief, “no purchase necessary” invite quickly turns into an all-day event. From here, many travelers leave with a $20-40K mortgage on top of a perpetual timeshare contract they know nothing about. Nearly every buyer walks away believing they made a good decision. They normally don’t realize they made a mistake until booking their timeshare becomes problematic down the road.

The Main Reasons Vegas Timeshare Owners Want to Cancel.

At this point in the article, you can probably assume why so many people want to get out of timeshare agreements in Las Vegas. Misspeak and commission breath is believable when you’re on vacation, especially in Sin City. Thousands of travelers say yes to something that doesn’t match the description. They quickly realize they’ve been duped into buying something they can’t even use. Once payments kick in and they receive their annual fees, their desperation to cancel can go into overdrive.

Aside from being misled, many timeshare owners struggle to even enjoy their purchase. Finding availability in a popular tourist destination (during ideal dates) can be nearly impossible. If you split the contract cost with someone else, conflict regarding usability may arise. Certain properties can even be difficult for aging travelers to access. Layouts and amenities sometimes hinder those with medical conditions or parents with young children. At the end of the day, many Vegas timeshare owners are left unable to use the vacation but are still required to pay the dues.

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While timeshare owners always have the option to pursue upgrades or exchange programs, they’re often left reeling throughout their experience. Once the “too good to be true” offer is seen for what it really is, fractional ownership is tarnished. Paying more for a property you’ve yet to experience can be hard to stomach over time. With all of that being said, it’s easy to understand why so many buyers want to get out of their timeshare agreement as quickly as possible.

It’s Never too Late to Cancel Timeshare Contracts.

Although listening to an intriguing sales pitch about routinely vacationing in Vegas may entice you, we urge you to proceed with caution. It’s always important that you don’t make a hasty decision during the heat of your trip. Often times, your judgement will be clouded and you won’t be able to make a rational decision. A Vegas timeshare isn’t something that’s only going to cost you a few thousand bucks. It’s a lifetime agreement that funnels you into a perpetual sales cycle that’s hard to escape.

If you feel that you prematurely signed up for a timeshare and believe you’ve been deceived, we’d be happy to help you exhaust your options. Timeshare cancellation only makes sense if the contract doesn’t match the original sales pitch. You can schedule a Free consultation to learn more or you can proceed with a timeshare qualification form below.

7 Reasons the Future of Timeshare Ownership Looks Bleak

7 Reasons the Future of Timeshare Ownership Looks Bleak

Over the last decade, the timeshare industry has done little to keep up with the evolution of destination travel. While technology and online booking continues to advance, the tactics and value propositions of timesharing have essentially remained the same. The diminishing number of uninformed consumers has begun to work against new acquisition as many consumers have begun to lose faith in the purchase.

Knowing what timeshare ownership might entail is enough to persuade vacationers to pursue other travel options. Instead of waiting for timeshare companies to get with the program, consumers seem content with watching the entity fade off into the sunset. Unless the industry makes a hard right turn, it’s difficult to envision a mass recovery over a mass exodus.

Even if things were to change, will it ever be enough to overcome a half-century long reputation? Let’s take a look at some of the reasons why we believe the future of timeshare ownership is looking bleak.

1. The Increasing Costs and Liability of Timesharing

Over the years, certain occurrences have caused vacation ownership to steadily rise in cost. Besides general inflation, developers didn’t properly assess demand during most of their expansion efforts. In the early years, decisions seemed to be based on opportunity instead of probability. When timeshare ownership wasn’t able to sustain its popularity (due to bad experiences and mistrust), resorts turned to current owners for the difference. What they didn’t realize was, this approach affected the perception of happy fractional owners.

Because timeshare companies are now left scraping the barrel for gullible consumers, expansion opportunities are ceasing to exist. This forces them to sell more aggressively while charging more per unit. Over the past few years, timeshare maintenance fees have been steadily rising at 4-5%. Surprise, special assessment fees have become more common. Resorts have found ways to recoup earnings when acquisition slows down.

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According to the ARDA (2016 AIF Owner’s Study), 66% of timeshare owners wanted to exit their contract because “the maintenance fees are too high.” Moreover, 46% of those that cancelled a timeshare mentioned annual fees as their primary reason. Small increases can amount to thousands of dollars over time. What makes this interesting is that resorts have notably avoided proper upkeep at some resorts. Not only are users not getting what they paid for, but they’re paying more for lower quality. The liabilities that come with these decisions are one of the reasons we believe the future of timesharing looks bleak.

2. There is No Resale Value for Timeshare Properties

Like we’ve mentioned in previous articles, a good number of new timeshare owners aren’t aware of the actuality of the resale market. Aside from the misspeak that timeshare sales reps use to persuade potential buyers, there are a ton of misleading options that take advantage of those looking to exit timeshare contracts. Once they realize that reselling isn’t ideal, it’s too late. Attempting to sell something that no one wants can be extremely costly. Throwing more money at something they don’t want and can’t make any money on can be demoralizing. Many of our clients talk about how they’ve spent thousands of dollars on resale platforms that didn’t provide a single lead.

Learning that you were lied to during the timeshare presentation and realizing the market doesn’t exist can be hard enough to swallow. On top of this realization, many timeshare owners underestimate the number of scams that cloud the resale arena. Just ask Darren Kittleson. When things aren’t working out and all hope seems lost, predatory agencies know exactly how to persuade you otherwise. They always have a meticulous agenda that uses disappointment and desperation to their advantage. Although platforms worth trying do exist, the overall uncertainty creates a bleak outlook for the industry as a whole.

3. The Timeshare Industry is Now Flooded with Scams

When it comes to timeshare fraud, the mischief doesn’t just dwell in resale. Victimizers also dabble in the buyer’s market from time to time. Claiming to have amazing deals in premier destinations, they lead people on long enough to collect quite a bit of cash. Verified Craigslist posts and Ebay listings have milked travel enthusiasts for decades now.

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At the same time, these are only a few examples of the consistent and ever growing misconduct in the timeshare industry. People are now being scammed before the purchase, during ownership, while they attempt to exit the contract and once they’ve terminated the agreement. If you’re already disgusted by the lies your timeshare company has fed you (to keep you under contract), realize this is only the tip of the iceberg.

Scammers know how trapped most timeshare owners feel and how desperate they’ve become. There are plenty of angles they can take to deceive you into believing their solution is worthwhile. From advocacy groups to legal representation, it’s difficult to know what to believe anymore. Anything seeming “too good to be true” normally is.

Some 3rd party agencies even work with resorts to ensure timeshare owners don’t make progress with cancellation. Not to mention that a large percentage of timeshare exit companies aren’t real. Thousands of dollars have been wasted on resolutions that don’t even exist. It’s a real shame, but only adds to the stigma of the industry. Even if you’re able to finally cancel your timeshare agreement, scams surrounding travel clubs, vacation rentals and advanced payments can flood your inbox – due to your online behavior. Since many consumers and industries refuse to touch timeshare with a 10 foot pole, the future looks bleak.

4. Today’s Travel Options Are Valued More by Travelers

Instead of waiting to see if timeshare companies are willing to overcome the reputation they’ve built (at the consumer’s expense), travel enthusiasts are now pursuing vacations that better suit their needs. Perpetual contracts just don’t make sense anymore as luxury vacation rentals and retail resorts are prevalent in today’s society. While scams do exist in other travel options, a number of platforms have established themselves as trustworthy entities.

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When timesharing first came about, most people were thrilled to be able to afford a vacation in a place they’d never dreamed of visiting. The ease of global travel has given consumers the unique ability to explore the world without being tied to one location. Although points and exchange programs broadened the horizon for timeshare owners, availability and quality was still a problem.

For the most part, today’s vacationing options consistently meet the expectations of travelers. The experience usually matches the presentation. Even if small inconveniences occur, the user isn’t tied to payments. They also have an ability to review their experience to order to warn future travelers or find resolve with the property. Timeshare companies have failed to value the user experience. Because of this, the future doesn’t look bright for timeshare ownership.

5. The Evolution of E-commerce in the Travel Industry

Options for travelers is only one element of timeshare competition. Since fractional ownership is based on perpetual (or lifelong) agreements, retail travel makes more sense. One click bookings have taken the market by storm over the last decade. Consumers now flood to reputable sources for online vacation deals and packages. Travelers even have the option to schedule flights, lodging and a rental car in the same place. It’s very difficult for the timeshare industry to compete here.

Even online retailers are now pushing timeshare weeks without ownership. Air BnB, VRBO and HomeAway are currently dominating vacation rental. Because of the user experience, travelers now feel far more comfortable using consumer to consumer e-commerce sites for travel related bookings. Removing the middleman (Ie: timeshare company, rental and resale platforms) allows them to keep everything in front of them. Instead of believing in “promised solutions,” timeshare owners are now taking matters into their own hands. This alone should tell you how standoffish people are about the timeshare industry – whether it comes to perpetual agreements or retail access to their inventory.

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6. Timeshare Companies Have Been Overselling Inventory

Ever since the timeshare rush in the late 1900’s, developers have been selling non-existing products. As the points evolution grew, this became even more popular. It was a way for timeshare companies to, once again, keep buyers under contract. It’s almost as if they never saw the repercussions of doing so. Overpromising and under delivering has never really been fruitful. It’s just not sustainable when it comes to large purchases.

In a recent article, we wrote about the ramifications Midtown Manhattan Club received for selling unavailable reservations. Although the property remained full, this rightfully angered their users. You’d think they’d at least limit the inconvenience when selling air. In the end, the NY Attorney General required them to pay $6.5 million in restitution, amongst other things. This goes to show that regulations are increasing and timeshare companies are no longer able to just get away with unethical sales practices. For this reason, the outlook of timesharing doesn’t look good.

7. A Consistent, Perpetuated and Tarnished Reputation

If you analyze each of the aforementioned reasons, you’ll realize that the timeshare industry has had every opportunity to redeem themselves. But the growing level of greed has basically clouded the entirety of experience altogether. Temporary solutions have sprouted up, but have failed to actually address the problems timeshare owners have. The thing is, it’s not like timesharing has only been around for a short while. For nearly 60 years, the industry has compiled substantial amounts of skepticism.

Every travel innovation experiences roadblocks. Even vacation rentals have endured some backlash from consumers. The difference is their willingness to make things right. The way the timeshare model is set up, there’s limitations on what they can do to overcome negative perception. They’ve already proven their unwillingness to decrease prices. High pressure sales and unethical tactics have remained consistent. Worthless incentives and non-existent service has been their achilles’ heel for a long time.

The best way to understand this is that they’re maximizing profits before the market runs out. Either way, the consumer continues to lose unless they’re able to prove misconduct in court. As we’ve discussed before, this is very difficult to do. Timeshare companies are banking on their ability to hold onto their fractional owners for life. A lack of interest in overcoming this perception and repaying those taken advantage of is the main reason we believe the future of timesharing looks bleak.

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If you’re interested in learning more about getting rid of your timeshare contract or what you’re options are, we’d love to provide you with a free consultation. If you believe you’re ready to pursue cancellation services, feel free to fill out a qualification form below.

Top 10 Reasons Fractional Owners Cancel Timeshare Agreements

Top 10 Reasons Fractional Owners Cancel Timeshare Agreements

If you’ve been following our blog content over the past few months, you’ve probably come to realize that canceling a timeshare agreement is no easy task. Whether you’re overwhelmed by sales, struggling to let go of the timeshare or dealing with deceiving predatory agencies – at some point, enough is enough. Sadly, many timeshare owners are left to wallow in their contracts while others scramble to figure out what to do next. It’s an awful, expensive position to be in.

Over the years, we’ve listened to thousands of timeshare owners talk about their story and how they despised their decision to pursue a vacation property. While plenty of travelers enjoy their timeshare purchase, not every owner gets to vacation in peace. These select, often taken advantage of individuals and families, deserve a chance to get out of something that isn’t beneficial.

At the same time, we don’t want you to feel like we’re trying to persuade you to pursue cancellation services if it doesn’t make sense. Unlike other companies, we take the time to qualify our applicants and make sure they exhaust all options before attempting to terminate a contract. We’d rather educate you on some of the reasoning we use when speaking with timeshare owners about their mistake. With that being said, let’s take a look at the top 10 reasons fractional owners cancel timeshare agreements and walk away from their resort obligations.

1. Limited or No Availability at the Resort.

Many timeshare owners leave the initial sales presentation full of euphoria and anticipation. They can’t wait to enjoy the fruits of their labor in a destination city they’ve always wanted to visit. What they don’t realize at first is the availability at the resort is extremely finite. Timeshare companies know exactly how to build up the value of their product with a whole lot of fluff in order to overshadow the actualities of the deal.

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During the first few failed booking attempts, the resort does a great job of labeling the inconvenience as a fluke. This allows them to get passed the rescission (or cancellation) period. Once the fractional owner is under contract for good, many timeshare companies will refer them to the terms of their contract and say there’s nothing they can do. Unfortunately, there isn’t much that owners can do either. After years of being unable to access the property and thousands of dollars wasted, many begin looking towards cancellation services for relief.

2. The Financial Burden of Timeshare Maintenance Fees.

Aside from the letdown of lacking availability, timeshare owners typically aren’t initially aware of annual maintenance fees that flood their mailbox at the end of each year. These fees are another element of the contract that’s typically overlooked by distracted buyers. Instead of being viewed as a valuable, necessary contribution, it can easily become an irritating expense.

As each year passes, these routine costs tend to increase. If the bill is already causing bitterness during the holidays, then a raised expense probably won’t sit well for long. When coupled with other inconveniences, like availability, rising maintenance fees can easily compel owners to cancel their timeshare agreement before they get in over their head.

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3. Caught Off Guard by Special Assessment Fees

Similar to maintenance costs, special assessment fees can become a costly reminder of a poor decision. Also known as liability bills, these fees can be sent out at any time, for any amount. Timeshare owners can usually expect to receive these invoices when a natural disaster occurs or major renovations are made to the property. It’s normally hard for fractional owners to make sense of.

Even when the numbers don’t add up, there’s really nothing they can do because of the contract they signed. In most cases, one they realize their money is going down the drain (towards expenses that feebly come into fruition), they decide that canceling the timeshare contract is in their best interest. To them, stopping the payments eliminates the problem altogether.

4. Personal Needs Aren’t Met by Timeshare Property.

Unfortunately, many fractional owners don’t look into the specifics of the property they’re buying. Some timeshare owners aren’t even completely aware that vacation ownership isn’t a travel club. So, when they sign the perpetual agreement, they don’t treat it like buying a home. If they’re unable to follow strict instructions to cancel their contract within the rescission period, then they can end up paying for something they may not be able to use.

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In some cases, elderly owners can quickly realize the timeshare isn’t suited for their aging needs. Elements of the property may even be hazardous for them. What’s worse, is the sales team more than likely won’t point this out during the presentation. Anticipation can quickly turn into concern.

This is similar to those with medical conditions that require special attention or access to certain utilities. Moreover, many owners realize they can’t afford the timeshare shortly after the purchase and are unable to void the contract. When the location or the experience isn’t ideal, many decide that canceling the agreement and cutting their losses is in their best interest.

5. The Realization That Timeshares Have $0 Resale Value.

One of the most disheartening aspects of getting rid of a timeshare contract usually occurs when an owner tries to sell. Although some properties in certain destinations can be appealing, nearly all timeshares have zero resale value. Far too many consumers are led to believe that if they don’t want the property any longer then all they have to do is sell it.

Trying to sell the timeshare can cause owners to go down a number of costly path without resolve. After exhausting every effort, they finally realize that they have no choice but to contact a timeshare cancellation company. At the end of the day, wasting more money trying to get rid of something no one wants isn’t worth it anymore.

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6. An Inability to Rent Timeshare Weeks

Similar to the seller’s market, many timeshare owners believe they can earn some additional income renting the property if it doesn’t work out. This mirage might even be used by the sales staff to persuade you to buy. Assuming a rental market exists can be dangerous for timeshare owners that are looking for a backup plan when selling isn’t successful.

Aside from the time put into listing the property, every month that passes incurs charges from the resort. Once owners realize they’ve lost another $1,000 pursuing a lost cause, they typically waive the white flag and legally cancel the timeshare agreement.

7. Harassing, High-Pressure Sales to Upgrade Timeshare.

All of the above frustrations aside, many timeshare owners can’t deal with the constant pressure of upgrading their package. What many consumers don’t realize is the timeshare sales funnel never ends. Every voice of concern or mention of desire can be used against them. Just like other strong sales organizations, timeshare companies know that locking you into a contract is only phase one.

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A plethora of features, upgrades, entertainment options and tours are used to persuade you to spend more. While this can be exciting at first, many timeshare owners quickly become overwhelmed. They grow tired of being forced to attend presentations or being locked into unexpected expenses. Going from the royalty treatment to being viewed as a number can be eye-opening. This doesn’t sit well with some and canceling the agreement becomes a priority.

8. Failed or Broken Promises by Resort Sales Teams.

It can be maddening for those that give into the pressure tactics and their expectations aren’t met. Being blinded by the prize can cause them to overlook the strategies being used. Broken promises are normally experienced when timeshare owners upgrade in order to improve some of the above concerns, like availability or inconvenience. Some even give in when they feel as though getting rid of the timeshare is impossible. Making the most of it seems like their only option at this point. Otherwise they’ll just continue spending thousands every year.

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The thing is, many timeshare reps have commission breath. In other words, they’ll tell you anything to get a piece of a sale. While we understand this is their livelihood, it can’t be too rewarding to bait and switch people. Nonetheless, getting burned over and over is a good enough reason for fractional owners to cancel timeshare agreements.

9. Safety Concerns and Poor Property Upkeep.

Besides wanting to terminate the contract because they don’t believe maintenance fees aren’t being used properly, timeshare owners may also want out due to poor amenities and upkeep. Can you imagine anticipating a lavish resort and ending up in a less than ideal situation? After experiencing a poorly kept location and an inability to get out of the timeshare contract, many owners turn to legally canceling the agreement and forgetting they ever stepped foot on the property.

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10. Fractional Owners Don’t Want Heirs to Inherit Burden.

Sadly, many of our timeshare cancellations involve aging parents. After years of dealing with a timeshare they don’t want, a good number of them simply want to avoid handing off the burden to their children – or hiers. This is one element of ownership that isn’t fully understood by all parties. What makes matters worse, is when timeshare owners aren’t able to represent themselves due to old age or illness.

Even if children or caretakers are aware of the inevitable transfer, they may not be able to help. This can be extremely frustrating when authorized users realize they’re unable to find a resolution with the resort. Either way, many timeshare agreements are cancelled because the owner is willing to do whatever it takes to ensure someone else isn’t stuck in a timeshare that’s been a burden to them.

How Does Timeshare Cancellation Work?

Whether you’re on the fence about your fractional ownership or you’re committed to getting rid of your timeshare, we’d love to learn more about your situation to see if we can help. You can always schedule a FREE consultation or proceed with our qualification form below.

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