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, these companies know how to position benefits and features so that consumers are intrigued and ready to take action.
If you’re reading this, you more than likely are regretting the purchase now. 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 investing in 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 to your problem. But, before we get into our reasoning, let’s talk about why you’re considering 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 the overpromising and underdelivering approach continues.
After speaking with customer support, you’re led to believe that this isn’t a common occurrence. Time and time again, the letdown causes you to feel like that initial investment wasn’t such a great deal after all. You begin to question yourself and possibly even point fingers with your spouse while frustration boils over.
Aside from booking “malfunctions” you also realize how expensive some of the underlying costs and fees are. The happiness you envisioned quickly turns into heartache and you’re ready to do something about it. The problem is, you’re not going to find a viable timeshare exit strategy with the resort company.
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 calm you down. If they are willing to negotiate through a”relief” program, it’s normally towards an upsell option and a larger investment. The hard reality is, signing the contract places you into a sales funnel that never ends.
At the end of the day, you continue to experience the same story while the resort promises your best interest is their priority. Listen, innocent persuasion is what timeshare companies do best. Their market has thrived off of gullible people’s money for decades. 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 just working on you from another angle. Just think about how much time and money you’ve wasted as they distract you from a timeshare exit strategy. Some companies even refer you to their partnerships with rental and selling platforms.
How Renting or Selling Your Timeshare Can Be Costly.
When it comes to canceling a timeshare agreement, 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.
First and foremost, when it comes to renting, you have to find a renter. This requires managing listings and communicating with interested parties. Similar to the booking issues you’ve already experienced, you have to rely on finding someone for available dates. Although you can list the property on consumer to consumer platforms, it’s still risky. It seems like an awful lot of work just to recoup a portion of your investment.
When it comes to selling, the biggest concern is 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’re going to have to invest throughout the process. In the meantime, you’re still paying the mortgage and maintenance fees while you wait to close.
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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