Many travel seekers are intrigued by owning a timeshare because of the way they’re initially approached about purchasing one. In most cases, you attend a presentation with minimal interest to invest. But, resort companies and sales professionals know exactly how to persuade you into believing owning a timeshare is a once-in-a-lifetime opportunity. They know how to lead you to believe it’s the escape you’ve been dreaming of. Even though we all know impulse buys aren’t always beneficial, timeshare companies create a sense of urgency around benefits and features so that consumers are intrigued and ready to take action.
If you’re reading this, you more than likely already regret the purchase. But, it’s important that you don’t beat yourself up about it. Thousands of timeshare owners across the world experience the same feeling shortly after buying one. What we want to help you understand is that there is a way to eliminate further headaches. Understanding how a timeshare exit strategy can save you time and money is the first step to finding a solution for the problem at hand. But, before we get into our reasoning, let’s talk about why most buyers consider timeshare termination.
Why People Want to Know How to Get Out of a Timeshare
Frustration normally sets in when vacation ownership isn’t what you expected. The beautiful presentation you were sold on isn’t anything like the actuality of the resorts you now have access to. That is, if you’re even able to find availability during preferred dates. The concern begins to set in when overpromises continue to result in letdown.
After speaking with customer support, many buyers are led to believe that the inconvenience they experience isn’t a common occurrence. Time and time again, the disappointment causes them to feel like that initial investment wasn’t such a great deal after all. They begin to question their decision making abilities and possibly even point fingers with their spouse when frustration boils over.
Aside from booking “malfunctions” many quickly realize how expensive some of the underlying costs and fees really are. Does this sound like what you’re currently enduring? Has the happiness you once envisioned quickly turned into heartache? Do you think you’re ready to do something about it? Many buyers do. The problem is, you’re not going to find a viable timeshare exit strategy with the resort.
Understanding Why Getting Rid of a Timeshare is so Difficult
As you’re probably now aware, timeshare companies aren’t very eager to work with you to find a solution. Once you’re under contract, these companies know exactly how to manipulate you so you feel like no other options exist. They may even hang a negative credit score over your head to keep you from saying anything else out of anger. If they are only willing to negotiate through a “relief” program, then you should know your best interest isn’t being considered. In-house solutions typically pertain to upgrades for a larger investment. The hard reality is, signing the contract places you into a sales funnel that never ends.
Far too many buyers continue to experience the same story while the resort swears their intentions are good. Listen, innocent persuasion is what timeshare companies do best. The market has thrived because of their keen ability to take advantage of vulnerable people. They know that once you’re under contract, it’s very difficult for you to find leverage. Even when you feel like you’ve made progress towards a solution, they’re simply working on you from a different angle. Just think about how much time and money you’ve wasted as they distract you from a timeshare exit strategy. Some resorts even refer you to their partnerships with rental and selling platforms.
How Renting or Selling Your Timeshare Can Be Costly.
When it comes to legally canceling a timeshare contract, many property owners look towards selling or renting – and rightfully so. It seems like an easy way to eliminate what you’re currently experiencing. Let someone else deal with the timeshare while you recoup what you’ve lost. But, it’s not that simple. The timeshare company isn’t going to manage the property for you while you’re figuring it out – or getting scammed by a phony reseller.
First and foremost, when it comes to renting, you have to find a renter. This requires managing listings and communicating with interested parties. But what are you going to do when you struggle to find someone willing to take the available dates. It’s going to be no different than you trying to make it work. Although you can list the property on consumer to consumer platforms, it’s still not effective. At the end of the day, it takes an awful lot of time and money just for a chance to recoup a portion of your investment.
When it comes to selling, the biggest concern should always be scams. There are tons of companies out there that prey on desperate timeshare owners seeking relief. Is it really worth spending all of that time and money to list the property, only to be ripped off even more? Selling your timeshare may seem like the easiest way to get out of a timeshare, but you have to consider the time and money you’ll be forced to invest throughout the process. While all of this is going on, don’t forget that you’re still liable for the cost of the timeshare mortgage and the annual maintenance fees that arrive at the end of the year.
It’s hard to face the reality of your options. The resort isn’t going to work with you because most timeshare mortgages have minimal resale value. It’s a no brainer for them to continue billing you for the property instead of chasing a lower offer – just because you’re disgruntled. Again, they know they have the leverage.
Saving Time and Money With a Timeshare Exit Strategy.
During our free consultation sessions with timeshare owners, we always make sure all options have been exhausted before moving forward with our services. It’s really important that you at least try to work something out with the resort. Although we understand most people experience what we described above, we also realize that there are some ways to make the most of your purchase.
At the same time, we also know how to get out of timeshares. Once you’ve decided that selling or renting is too risky, we quickly move forward with a safe and clear timeshare exit strategy that removes you from the process. At this point, most timeshare owners know they aren’t going to recoup their loss and just want to get back to their lives prior to the purchase. They understand that it could take months for them to balance out their payments or go on vacation like they initially envisioned. If you’re ready to avoid spending anymore time and money while eliminating the hassle of ownership, we’ll gladly help you do so.
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