Timeshares Hold Their Customers in Low Regard

  • By Primo Management Group
  • 02 Mar, 2017
Here’s Richard Siegel, Vice President of Westgate, on camera,   admitting what he thinks of timeshare owners.
By Primo Management Group 19 Oct, 2017

Timeshare ownership doesn't always work out for everyone. While owning a prime vacation property is a great deal, contract issues call for a timeshare lawyer.

Most people value the convenience of sharing property in a beautiful location. Thus, when making the ownership decision, the benefits seem to outweigh the negatives. The pros and cons of timeshares include:

  • Affordable ownership and maintenance costs
  • Location exchanges are possible
  • Holiday residence with homelike accommodations
  • False promises such as tax benefits and resale opportunities
  • Timeshare property depreciates in value

What these owners don't count on is the difficulty of canceling their contracts. Timeshare companies are not in the mood to accommodate them.

As such, the best option is to find a top timeshare lawyer. You'll also need a set of questions to help you weed out the frauds. Read on to learn more.

Reasons to Hire a Timeshare Lawyer

Before getting the set of questions, let's first look at the reasons to hire a lawyer.

Life circumstances may force your decision to forego your timeshare ownership. For example, you could be experiencing financial difficulties. Yet, the main cause of ownership problems is the timeshare companies.

The following companies' actions are the  reason you need a timeshare lawyer :

Offering Complex Deals

Several salespeople from timeshare companies chase you around pitching different deals. In the end, it feels like you've been bullied into making a decision. Often, the decision is not in your best interest.

Customers realize their mistakes after signing the contracts. A timeshare lawyer can spot all the hidden clauses taking advantage of customers. The lawyer also understands the state laws governing the contract.

Using Deceptive Practices

As if it wasn't bad enough to bully potential timeshare owners, companies use deceptive practices to get contracts. They hide the real cost of ownership, insert perpetuity clauses, and lie about tax benefits and resale opportunities.

Without an experienced timeshare lawyer, these companies would get away with their deception. Moreover, it will cost you a lot of time and money. Someone who understands all the loopholes can get you out of your contract.

Now that you know why you need a lawyer, dive in to find out how to get the right one.

Questions to Ask a Timeshare Lawyer

There are bad people in the world who want to profit from your problems. As such, you need to be careful when choosing a timeshare lawyer. The following set of questions will help you find a lawyer who can get your contract canceled:

1. What is Your Experience in Timeshare Contract Cancellations?

A lawyer's experience is one of the most important aspects of any legal case. Becoming an expert in law takes many years of practice. A beginner may not be able to win your case.

Check the potential lawyer's educational background, track record, and familiarity with your case. They must also have special training in dealing with timeshare issues. They must be able to come up with alternative solutions to your legal problem.

Last, their knowledge of the opposing counsels and judges is important. It tells them how your case is going. They'll also be able to get better deals if need be.

2. Do I Have a Legitimate Legal Claim to Cancel the Contract?

It's your lawyer's job to analyze your claim and see if it has merit. They must show proof that the timeshare company operated in bad faith. You can make claims about:

  • breach of contract
  • misleading sales pitches
  • timeshare different from what they promised
  • being a victim of a scam
  • losing money through fraudulent means

If you can prove your claims, it will be possible to cancel the contract. Your lawyer will also decide if you can sue the company for compensation.

3. What is the Process, Strategy, and Likely Outcome of the Case?

This question is about understanding how your timeshare lawyer operates. Do they know the process of canceling your contract? Do they have a successful strategy?

You'll learn how long it takes to get out of a timeshare contract. Ask whether you can continue using the timeshare during the cancellation process. They will also tell you whether to continue paying maintenance fees.

The lawyer must say they intend to get your name removed from the timeshare. They must also explain how they will fight the perpetuity clause in the contract. Ask them how you'll get status updates on the case.

4. What are Your Fees, Expenses, and Refund Offers?

Service costs vary for every client. Make sure you understand how much it will cost to get your contract cancelled. Some lawyers use fixed fees or hourly rates.

Ask if there are any hidden fees or expenses.

It is possible your lawyer will give you a refund offer. They can promise to return your money if they fail to resolve your case.

5. Do you Offer Guarantees on Contract Cancellations?

This is a red flag question to help you spot the frauds. Contract cancellations are complicated. Thus, no one can give you a guarantee of resolution.

However, they can offer service guarantees and money back guarantees. Anything else is a scam.

6. Can you Handle Multiple Timeshare Contract Cancellations?

A good timeshare lawyer should be able to handle multiple contract cancellations. Some clients want to be rid of all their timeshares. Thus, whether it is one, two, or ten timeshares, the lawyer will help you get out.

7. Do you Have Any References or Endorsements?

This is another question to help you determine if you have a top lawyer. They should be comfortable enough to provide references for previous timeshare cases.

Other firms receive endorsements for their ability to get timeshare contracts canceled. Ask them whether they pay their endorsers or if they have another deal in place. Remember, fraudulent people say anything to get your money.

Get a Free Consultation

Handling timeshare contract cancellation is a complex process.

You need to look for legal experts who are familiar with these contracts. Moreover, they must have your best interest at heart.

There is a lot to learn about timeshares, deals, and contracts. Contact us   and get a free consultation.

By Primo Management Group 05 Oct, 2017
You accepted an offer to go on a vacation in exchange for listening to a "small presentation" offering you a timeshare. You thought that you could get through it without buying anything and get a free trip.
You didn't count on the high pressure and emotional sales tactics promising you the deal of a lifetime. Before you knew it, you were driving home wondering how you ended up buying a timeshare.
If you regret this decision , timeshare lawyers can help.
Five benefits to getting a lawyer to fight on your behalf.
1. Timeshare Law is Complex
Timeshare companies use pressure to get their clients to sign contracts. They bring out multiple salespeople, each one offering you a better "deal" than the last. Most of the offers made are contingent upon signing them right away, without giving the customer time to think.
The contracts are long and contain clauses that are difficult to understand, putting the signee at a disadvantage . These companies are also known to target aging clients and make it difficult to sell your stake in the property.
Timeshare lawyers will be able to look at these contracts and tell if someone has been duped, finding the loopholes that allow the person to exit them.
2. Laws Vary By State
With the reputation of timeshare companies taking a hit in the past decade, many states have enacted laws that make it easier to get out of contracts. There is very little federal regulation of the industry, however.
Your options vary on a state by state basis, making it imperative to hire an experienced lawyer. Florida allows you to cancel a contract within ten days of signing it or after receiving the final paperwork, whichever comes later.
There are 95 pages of laws dealing with timeshares in Florida that you would have to read through to find that information. Timeshare lawyers would be able to tell you that right away, along with other legal options.
Companies depend on these laws being so complicated that you look at them and give up. By hiring a lawyer, you can fight back instead.
3. Timeshare Lawyers Can Fight Deceptive Practices
Almost all states have laws that will make a contract void if you enter into it after receiving deceptive information.
One of the most deceptive practices of timeshares is hiding the real cost of ownership .
Maintenance and utility costs can fluctuate over time. This information often is not disclosed when entering into a contract. If a timeshare cancellation company transfers the property to a "shell" company without assets, this could be a problem for you.
The ultimate responsibility to pay these costs fall on you and the other "owners" if they go unpaid. If you and the other owners can't pay them, the property will go into foreclosure, leading to an unwelcome surprise.
In Perpetuity
Anytime you see "in perpetuity" in a contract it is best to not sign anything without seeking a lawyer's counsel. These words are legal speak meaning that the condition lasts for an infinite amount of time.
Many of the charges that are in a timeshare contract will have this phrase listed. Owning a timeshare becomes a lifelong commitment even if you don't use it.
4. Many Companies Will Lie to Get You to Sign A Contract
Even if you follow the contract to the letter, many companies will tell you that you can't cancel. They are attempting to drag the process out until you don't have any legal options.
Having timeshare lawyers contact them will let them know you will not fall for this trick. Many times, a company would rather let you out of your contract than face a potential legal battle.
Selling Your Timeshare
Telling you that buying a timeshare is risk-free because of resale opportunities is another lie.
You will almost never be able to sell a timeshare for the amount of money that you put into it. Depreciation of timeshares is rapid, and some may drop at a rate of 99% .
Scams are also frequent in the timeshare resale market. You get approached by people that offer to resale your property at above market value if you pay a fee upfront. After paying the fee, you never hear from them again.
Tax Benefits
If a sales person tells you there are tax advantages to buying a timeshare, they are lying . There are zero IRS benefits to your purchase.
Timeshare lawyers will know if a sales person used dishonest tactics to get you into a contract, and will be able to get you out of the agreement.
5. They Save You Stress, Time, and Money
Learning the ins and outs of timeshare law takes a lot of time, and will often end up with the victim becoming frustrated and paying their fees.
Trying to get out of a contract can be stressful as well. Personal relationships suffer due to lack of sleep and anger over the situation.
Hiring timeshare lawyers might seem like it will cost a lot of money, but staying in the contract is far more expensive in the long run. When you consider the stress and time you will save by having a professional look at your situation, there is no reason to not talk to someone.
Our Mission is Helping You
Timeshare companies thrive on putting the consumer at a disadvantage. Here at Primo Management Group, we pride ourselves on being your advocate.  
There are a lot of timeshare exit companies out there that will promise you the world and deliver nothing. Our results speak for themselves. We have a five-star rating on Google from real customers, and our owner responds to these reviews!
Don't believe us? Check out our reviews here . We know that you may have questions and concerns , and we understand. Being burned by a timeshare company can make anyone hesitant to seek help.
For this reason, we are offering a free consultation so that we can earn your business and trust. We also have a 100% money back guarantee!
Contact us today, and you won't be disappointed. That's the Primo pledge!
By Primo Management Group 02 Oct, 2017
Vacation isn't cheap.
Everybody knows that a decent vacation requires a little extra dough. In south Florida, for example, average daily travel costs can peak at over 150 dollars per person .
Timeshares seem like the perfect cure to this dilemma. You pay for an allotment of time--usually one week--on a vacation property, while other buyers pay for the rest of the year.
Does it seem too good to be true? Well, it might be. Depending on your situation, a true timeshare cost can be higher than it first seems.
Here's what you need to know.
The Timeshare Pitch
In certain situations for certain people, a timeshare can be a decent investment.
There are several ways it could work. You could buy a slab of land in a nice place with a big group, co-owning with the group. Or, you could come to an agreement to rent a certain amount of land, while an owner still maintains rights to the plot.
No matter the situation, you'll generally end up spending one week a year on the property. Hypothetically, the flat rate you pay for several years of vacation time will be cheaper than renting hotel rooms year-in, year-out.
The American Timeshare Craze
Timeshares are big in the US--so big, in fact, that over nine million households also owned a timeshare in 2014. The timeshare momentum has only grown in recent years. You might have heard from your friends, or friends of friends, that a timeshare is a great deal for you.
The timeshare hype has started to dominate the conversation about vacation rentals. If you feel swept up in it, take a step back.
When you look at the whole picture, you'll see that a true timeshare cost is more than initially meets the eye.    
So...What's the Price?
The initial costs of a timeshare follow a simple formula: payment to rent the property plus a yearly maintenance fee.
Depending on the state, that can mean anywhere from a total of 600 dollars a year to several thousand. On paper, it's a sensible, affordable way to finance a vacation home.
But reality doesn't always follow the script. On the one hand, there are scammers out and about . In the great rush of timeshare prospectors, consumers are often pressed to find the best deal they can.
Scammers will promise everything in vague answers to your questions while hiding the ugly truth about their property. You'll end up stuck in a bad location with limited options.  
But even if everything is legally above board, you still could end up with more costs than you bargained for.
The True Cost of Staying Clean
Let's return to those maintenance fees. You'll likely start with a flat maintenance fee that holds steady for a few years. But, it's well within the owner's right to increase the cleaning fee.
One year, they could raise the cleaning fee by twenty percent. Then they might do it again the next year. And even the next year.
Soon enough, you'll end up paying double the cleaning fee you signed up for. That hidden cost destroys the "cheap" narrative surrounding timeshares.
And that's only hidden financial costs.
The Intangible Timeshare Cost
When you initially make a list of timeshare pros and cons , you'll likely mostly focus on the financial aspects of the deal.
The amount of money you spend on vacation is an important part of the equation. But, it's not everything you need to think about.
But you should think about the downsides of having a timeshare. First focus on the location of your property.
You might really want to go to a beach house in Florida now. You might even want to go to the same place for a few years. But, after a few trips, any location will lose its appeal.
The Risk of Boredom
You'll be locked into the same week every year, never seeing the setting in another season. The size of your group will need to stay the same, too.
Will going to the same property in the same location at the same time of year really always appeal to you? Repetition is the antidote to excitement. You'll start feeling a need to spend your time there, not a desire to.  
All of a sudden, your timeshare investment will feel more like a burden than a blessing.
How Does Leaving a Timeshare Work?
If you've been considering buying a timeshare, it might be best to just say no . If you're in the unfortunate position of trying to leave your timeshare, you could feel a squeeze.
The first hurdle to overcome, at least psychologically, is the price you can sell for. Let's say your initial timeshare cost was five thousand dollars.
In a perfect world, the property value would only increase over time, right? Unfortunately, that's not how it works with timeshares. The market is over flooded with timeshare sellers, which means the value of current timeshares only drops, usually.  
Without the advice of knowledgeable timeshare experts, you'll end up selling that five thousand dollar property for four thousand, if not less.
Don't Lawyer up
That's not to mention the sticky legal work that might need doing if you try to sell your timeshare. You're involved with a big group, not just you--you need to consider the interests of the other timeshare members before selling your share. Plus, the IRS is very stingy in its treatment of timeshare sellers, regardless of the price.
If that sticky mess seems overwhelming, don't worry. With the right guidance of experts, you'll be able to navigate your questions with relative ease.  
Consider a Change
If you don't have a timeshare but are considering purchasing one, think it over. While the shiny benefits seem obvious at first, there's more to the whole story.
You might already know this if you're an owner. The hidden timeshare costs can creep up on owners after just a few years, if not months.
Interested in this opportunity to take a load off your shoulders? If you are, we have you covered.
Reach out to us and we can give you the help you need. You're already closer to better vacations and less stress.
Why not go for it?
By Primo Management Group 26 Sep, 2017
Timeshares can be a great investment. Especially if you love to travel and have special places you like to visit year after year. Like a timeshare at your favorite ski mountain. Year after year, you know you can come back to enjoy the slopes.
But sometimes people sign a timeshare contract and they simply don't want it. Yet many people have come to believe that a timeshare contract is for life. A very expensive prospect if you realize you made the wrong decision .
Luckily, there are steps you can take. Here's how to legally cancel a timeshare contract.
How to Legally Cancel a Timeshare Contract When You Just Signed the Papers
If you went to a timeshare meeting, the chances are you were probably bowled over by how amazing the deal sounded. That's because these are trained professionals who know exactly what to say to an audience to make them think they just bought into Shangri-La.
More often than not, buyers find themselves stuck with an expensive timeshare they don't want, don't need, and may not even be able to afford. That's a horrible feeling, especially if you feel there's nothing you can do about.
If you just signed the contract, you can easily get out of it. Right after signing there's a cooling off period that allows you to back out of the timeshare. After that period is over, you can still get out of your contract, but it will become more complicated. So act quickly if you feel buyers remorse coming on.
If you are acting within the cooling off time period, you'll need to send a letter to the developer (or timeshare company) in writing. Be sure to include your name (same as it appears on the contract), along with your address, phone number, and e-mail address.
Include the name of the timeshare company, a description of the timeshare, and the date you purchased the timeshare. Also, don't forget to include your reasons for wanting to cancel the contract.
Hire the Right Team to Help you
Once the cooling off period is over, the timeshare company may tell you there's no way you can get out of the contract. That's simply not true. But it is a bit complicated to figure out how to legally cancel a timeshare contract unless you hire the right team to guide you through the process.
Here are a few professionals who can help you.
A Lawyer
When all else fails, a lawyer will always know how to legally cancel a timeshare contract. Please be aware that timeshare law is a specialized area so hire a lawyer who deals with timeshares for a living.
A Broker
A broker is also another professional who can help you figure out how to legally cancel a timeshare contract by finding you another buyer. However, there are a few important details you and your broker need to understand before you sell.
There are Consumer Protection Laws that you have to abide by. One of which requires that you, the private seller provides a full disclosure of all terms and conditions.
You also need to disclose to the buyer that timeshares are not real property. They are in fact, owned by the developer. You also need to be aware that the developer can legally charge you fees that are above and beyond the maintenance fees. Even without your consent.
Lastly, it's vital to realize that should you, the owner, die, your heirs and successors will inherit all financial and legal obligations held within the contract. These disclosures may make it difficult for you to find a buyer.
However, this doesn't mean you're out of options. There are other ways to figure out how to legally cancel a timeshare contract.
Sell Your Timeshare on eBay or Craigslist
If you're not interested in working with a broker, you can sell your timeshare on any site that allows you to. Sites like eBay and Craigslist are great places to place an ad. You can also try the classifieds (both online and paper versions) and lastly, there are sites specifically dedicated to selling timeshares.
Some sites may charge a nominal fee of $10 but there are plenty of sites that are also free to place your ad. If you plan to try to sell your timeshare by yourself, it's important for you to think like a real estate agent.
Include all the great benefits the timeshare has in your ad. Whatever it was that sold you might be a great selling point to someone else. If you're not sure what to write, do some research first to see how others have listed their timeshares.
And be careful. Not all of these sites are legitimate . Make sure the sites you are listing your timeshare on sites that aren't making promises they can't keep and aren't charging you high fees to list your timeshare on their site.
Donate Your Timeshare
Yes, it's true. You can actually donate your timeshare to charity . However, you need to know the following to understand properly how to legally cancel a timeshare contract by donating it.
Not all charities will accept a timeshare but some will because they can use them for fund raising or at a silent auction. If all goes well, you might even be able to deduct the fair market value of your timeshare on your federal taxes. However, check with your tax advisor or accountant before you donate your timeshare.
Also, donating something without getting fair market value in return may become a problem if you need to rely on Medicaid for long term assistance. The donation may affect your eligibility for Medicaid for up to five years.
Wrapping it Up
However, the fees for your timeshare may be higher than your Medicaid fees. Also, even if this does occur, you're not completely out of luck.
Since timeshares are notoriously tough to get rid of, there's a chance you can argue that it had little or no value. Since you'll have to prove this, make sure you document your efforts to sell and/or donate your timeshare.
Since no matter what option you choose to cancel your contract, it's guaranteed to be a stressful situation, you should contact us . We put your interests first and we also deliver results with a 100% money-back guarantee.
By Primo Management Group 25 Sep, 2017
The Sunshine State is a popular destination for vacationers all around the world. Its popularity has created a nice market for timeshare rentals. Those who invest in them get to enjoy all manner of beaches and amusement parks on the yearly basis.
Unless, of course, they run into some legal troubles.
If you happen to belong to that camp of people, you've come to the right place. You're about to take a crash course titled "Timeshare Attorney Florida 101." You'll learn everything from how to file a timeshare dispute to what types of disputes might arise in the future.
So keep reading. We promise it'll be worth your while.
The Dispute
You'll first want to consider what it is that you're disputing. There are a few different timeshare disputes. That said, we've listed some of those disputes below and gone into some detail about what they entail.
Cancellation
Sometimes you rush into things and want to undo those things while you still can. Luckily for you, many resorts account for these situations by giving people a sort of grace period. Each resort has its own rules, so the grace period differs from resort to resort.
Unfortunately, though, your timeshare developer might refuse to let you out of your contract for one reason or another. When this happens, you need to start looking for an attorney.
Foreclosure
If you fail to pay any necessary fees, your timeshare developer might foreclose on your mortgage. If this ever happens, you can file a foreclosure dispute with the help of an attorney. Your attorney can help you negotiate with the developer.
Note, however, that negotiation only goes so far in this case. Enlisting the help of an attorney when you're too far behind on your payments might be all for naught. Still, if you want to give an attorney a try, it's your call.
False Advertising
A lie is a lie, and if you can catch your timeshare developer falsely advertising property, you have every right to take legal action. Did the developer lie about the condition of the property? Does your contract not line up with what your developer told you?
Get an attorney.
You've Been Scammed
Scams go beyond lies. When a developer lies to you, there is property for you to buy. It just might not be in great condition.
When a developer scams you , on the other hand, it's possible that the property in question doesn't exist at all. That is to say, you might possibly have spent money on a property you can't use because it's nowhere to be found.
There is no question about whether or not you have a good case here. The problem, though, is that it's hard to track down these fraudulent sellers.
Gets Your Documents Together
In all honesty, you should have tucked your documents away for safe keeping from the moment you signed your contract. If you didn't think to do so, however, that's okay.
Because you're about to gather all of the necessary documents. That includes anything you signed when you decided to rent your timeshare.
Once you have your contract and any relevant documents, make copies. Then draw up your dispute. You can now send these copies and your dispute out to your bank or credit card company. Hopefully, the company will honor your dispute after reviewing the documents you sent out.
This can be especially helpful when you've dealt with fraudulent sellers since it can be hard to track them down.
Finding An Attorney
Now that we've gone over some common disputes and properly documenting everything, let's get started on filing that despite in the next chapter of our Timeshare Attorney Florida mini course. Your priority should now be to find that attorney we keep mentioning.
But, as it turns out, that's easier said than done. Florida state law is specific about which cases attorneys can take on.
If you're a resident and your timeshare is located in Florida, you can definitely get a Florida-based attorney to help you through your ordeal. If your timeshare is located somewhere else (i.e. in a different country), however, there is no guarantee that you'll be able to find a Florida-based attorney to take your case.
In any case, you should always do your due diligence. Reach out to your Attorney General's office to find out if the state can handle your particular timeshare dispute.
Filing the Actual Complaint
Now that you've got your lawyer and sent out the necessary documentation, you can work on filing the actual complaint. This part of the process is fairly easy since each state has specific guidelines.
As expected, most states require that you provide some basic information about yourself. This basic information includes your name, phone number, current address, and a copy of the contract you're disputing.
Since you're currently taking Timeshare Attorney Florida 101, though, there is a bit more for you learn.
The state of Florida mandates that you complete a special form. This form is three pages in length, and you must provide your contact information and that of the timeshare in question.
You must also submit a "narrative" of your complaint with the form. You should use this narrative as a chance to go into detail about your dispute with your timeshare developer.
This is one of the tasks which your attorney will need to assist you with. The attorney will look over your form to make sure that it has been properly filled out. He or she will also be able to look over your narrative and give you pointers on how to really "sell" the dispute.
Passing Timeshare Attorney Florida 101
You're well on your way to successfully completing Timeshare Attorney Florida 101. You just have to take the next big step and actually file your dispute.
This means that it's time to get started on looking for your attorney. That said, why not start your search with us? You're already here, and choosing attorney John Sirounis is one of the best things you could do for yourself right now.
Not sure about choosing us? Then contact us today for a free consultation .
By Primo Management Group 20 Sep, 2017
Timeshares are awesome. In theory, you can "own" a little slice of heaven somewhere, only pay a small fee each month, trade out to other little slices of heaven whenever you like, and never have to do maintenance yourself.
Except, that little slice of heaven is never as heavenly as you'd imagine. And you never get to trade into where you want. And the fees...well, they become a burden even after you've paid off the timeshare.
And timeshares don't appreciate like houses. So, if you wanted to sell it...well, good luck.
But now you're stuck with one. Either someone willed their timeshare to you or you got caught in a sales pitch (you notice they gave you all the champagne you wanted?)
Either way, you need out. But all of that fine print has you wondering. Maybe I should get an attorney.
We've got the goods on why you should hire a timeshare attorney. Scroll on to find out why.
1. Why Get Out of a Timeshare in the First Place?
We've talked a little bit about why you would want out of a timeshare. But if you just received one, you may not know why everyone is dumping theirs.
Many people finance their timeshares. Only 25% of timeshare owners paid in cash.
The rest either put the payment on their credit card or they used conventional loans.
Not only are these people paying interest (up to 17% on a credit card), they have to pay monthly maintenance fees on something they only enjoy one week out of the year.
Monthly maintenance fees can range from $600 a year to $1000 a year. If you add these on top of interest rates, you might be drowning in payments.
Plus, if you can't afford to fly or drive to wherever the timeshare is, you will be paying for nothing. And lastly, membership costs of joining a worldwide timeshare exchange can add to the cost.
What is a timeshare exchange?
If your timeshare is in Cabo San Lucas, Baja California, Mexico, then you must vacation in Cabo. Unless you join a timeshare exchange.
A timeshare exchange is the only way to maximize your timeshare. You can trade across a network and get a timeshare anywhere the network extends.
But the fee for this can be as high as $125 per year and $100 per week you exchange.
Add all these fees up, and you might spend much more than you hoped. And the path out of a timeshare is a sticky one.
2. You May Not Know All Your Options
You have two options: cancellation or termination. But which one is right for you?
Cancellation uses a legal excuse to get out of your contract with the timeshare company. This is where you definitely need a timeshare attorney.
An attorney might be able to find a breach of contract somewhere and effectively argue for ending the contract on legal grounds.
If this is successful, any payments after the breach will be returned and the timeshare ends.
You may owe for anything before the breach, however, so be prepared to finish payments on that.
Sometimes, a provision in the contract exists that allows for termination. Again, to make this process smooth for both parties, it's wise to hire an attorney.
An attorney will ensure that your rights in the deal are preserved and that the timeshare company doesn't take advantage of you.
Termination simply means that the contract terminates and both parties walk away from the deal. Sometimes, this does involve a breach of contract. For example, you may not have paid your timeshare fees. Some contracts allow the timeshare company to terminate the contract to use the timeshare to pay for unpaid dues.
But don't just believe a timeshare company when they claim this. Hire an attorney to sift through the contract with a fine sieve.
What If I Don't Want to Merely Cancel?
Of course, many times your options aren't limited to cancellation or termination. You can sell your timeshare or rent it out in most cases.
You may still want to hire an attorney in those cases.
But you may not even be able to resell and recoup, not due to contract, but due to market restrictions. Many end up only selling their timeshare for a dollar or even paying to offload their timeshare.
3. A Timeshare Attorney Specializes
Like medical doctors, attornies specialize. You wouldn't go to your general practice doctor for brain surgery. So, you shouldn't just go to your regular law practitioner for timeshare law.
A timeshare attorney understands the particulars of timeshare law. They are professionals with experience. They'll understand complicated legalese like rescission periods and the various terms used to protect the timeshare company.
If you end up trying to go through a timeshare redemption company, you should hire a timeshare attorney. Why? Simply because these companies are a gamble.
They require a high fee upfront and if they don't deliver, you never see your money again. Some are legit and others aren't.
They work slowly. The market is oversaturated. And they may not be able to broker a better deal than you could have received by simply selling the timeshare yourself.
Could a Timeshare Attorney Help Me Rent Out a Timeshare?
This is a viable option. But timeshare renting is a world full of scams and misinformation.
The timeshare market is extremely competitive. Plenty of people want out of their timeshares.
If you find yourself scammed from trying to rent your timeshare, call a timeshare attorney. If you have rising interest payments and can't get your "tenants" to pay, you will want to find a way out as quickly as possible.
An attorney can help you sort out your timeshare renting problems.
We'll Protect You
If you're up against a tough spot with your time share, you definitely want to hire a timeshare attorney. You will end up in a better place with your rights intact and your sanity restored.
If you need help, contact us today . We'll protect you from all sides.
By Primo Management Group 18 Sep, 2017
Have you ever been approached by someone with timeshares for sale? Or, have you read an ad looking for someone to buy one?
Oftentimes, timeshare salespeople play hard ball -- they woo you in initial meetings, give you "free" incentives such as gift cards or food, and then offer you a deal.
You might be attracted to the thought of having a resort-style membership available to you any time of the year. You and your family might be looking forward to long weeks at the beach in a timeshare or a place to escape to for long weekends.
Or, you may even feel pressured by the woo-tactics used by the salespeople, making you lean toward a decision you haven't fully thought through.
Should you buy into a timeshare that's for sale? The answer might surprise you.
Timeshares for Sale -- Why You Should Say No
Some people don't know how to say no to these ads or pitches. Many people aren't even aware that timeshares for sale usually aren't good deals.
There are multiple reasons why timeshares aren't a good investment; not only will you not actually own this property, but you'll also be susceptible to scams and hidden fees.
Here are five reasons why you should say no to timeshares for sale:
1. You Lose Money on Them
Wouldn't you love to have your money work smarter, not harder? That's the idea that many people are thinking when they make investments -- spend the money now and make more in return.
Many people think that timeshares are an investment. However, they aren't. Investments are buy-ins where you can expect a return in the future; timeshares don't promise this at all. In fact, they do the opposite!
Timeshares lose money. Once someone buys one, the value of it instantly plummets -- meaning it'll be nearly impossible to recover the initial costs, let alone profit off of it.
Buying into a timeshare means you are buying a property that you'll be dumping money into for no reason. In the short run, it may seem like a good idea to buy into timeshares for sale -- but in the long run, you'll see how you did nothing but waste your money on a property you didn't even fully own.
2. Hidden Fees in the Small Print
The property of your dreams can possible, especially with financial assistance for a down payment or to help make monthly payments.
When people can't pay for their timeshare up front, they oftentimes take out a mortgage to cover the costs. However, this isn't the only payments they'll be making.
Timeshares are notorious for having fees in the small print that are often not talked about during sales pitches. These fees can vary from property taxes, maintenance fees, insurance payments and even utilities. The average annual maintenance fee for a timeshare is $660 -- and that's to maintain a property that you probably only spend one to two weeks per year on the inside.
When adding up all of these fees, you will certainly end up paying more than you initially thought you were.
3. Hard to Schedule Time
If you and your family regularly vacation throughout the year, having consistent housing could be a dream. What's better than knowing exactly where you'll be staying each summer?
Contrary to what a salesperson may tell you, it's actually surprisingly difficult to schedule time for you and your family at a timeshare.
There are often many blackout dates included in your timeshare agreement . Aside from that, you may get locked into having your time at the location for the same one or two weeks every year.
This lack of flexibility can be quite frustrating -- if you can't go at the times available, then you paid for an entire year when you didn't even use the property. Talk about a loss!
4. Difficult to Rent Them Out
If you can't schedule your timeshare one year, considering renting it out could seem like the perfect solution.
However, it's oftentimes difficult to find someone willing to rent these properties out.
People are often wary of renting out timeshares -- they know they aren't good investments and worry about the extra fees that may be tacked on to their rent. If you were counting on someone temporarily taking it over for a year, you might want to reconsider.
Additionally, some timeshare agreements prohibit renting the spaces out to people who aren't on the agreement for it. You may think of risking it by renting it out to friends you know "under the table," but if you were caught, you could face hefty fines as a result.
5. Resell Difficulty and Scams
If you've fallen behind on your timeshare payments you may already be thinking of selling it for relief.
However, once you purchase a timeshare, it's incredibly difficult to get rid of it. Timeshares lose value after purchase, making buyers wary and reluctant in taking them off your hands.
Because of this, scammers have developed ways to take advantage of sellers looking to get out of the market. These scammers will promise to sell your timeshare in no time -- but will require you to pay hefty fees up front. They end up taking your money without selling it -- and you are left thousands of dollars in the hole and still stuck with your timeshare.
Considering the difficulty of reselling these properties, it's wise to not purchase one in the first place. Should anything happen and you fall behind on your mortgage payments, you can fall into foreclosure. This will affect your credit score and ability to get loans in the future -- which will make future housing purchases incredibly difficult.
Conclusion
Overall, timeshares for sale are becoming a thing of the past. Unless you and your family want to vacation on the same week every year, it may be better to walk away from the lengthy sales pitch or to ignore the ad.
Instead, consider planning vacations in advance -- it offers more flexibility, spontaneity and could save you money in the long run.
If you're still on the fence about whether or not a timeshare purchase is right for you, be sure to check out our blog here . We are always writing about why consumers should think twice about buying timeshares because we want them to know exactly what they're getting into.
Overall, just say no to timeshares -- you'll thank yourself later.
By Primo Management Group 14 Sep, 2017
Has your dream vacation property become a nightmare? Unfortunately, many nowadays find themselves with a timeshare property they can't afford.
Perhaps you bought it during better economic times. Maybe you no longer have the circumstances or desire to vacation in the same place every year. Or maybe you received the property through inheritance and never wanted it to begin with.
Whichever situation you find yourself in, you're now wondering how to offload the timeshare without losing any more money.
Read on to learn more about timeshare donation and resale options.
What Are My Options?
Many of the 7.9% of Americans who own a timeshare property are happy with their investment. Others, for various reasons, need to let theirs go.
If you fall into that category, what can you do? Here are the three most common solutions:
Timeshare resale. If your timeshare is in a highly desirable location, you may be able to resell it. However, since new timeshares are so readily available, there aren't too many people in the market for a used timeshare.
Timeshare donation. If you're unable to sell your timeshare, you may be able to donate it to charity. Alternately, you could gift it to a friend or family member who agrees to take over the maintenance fees.
Timeshare cancellation. If you can't sell it and don't want to donate it, a legitimate timeshare cancellation company may be able to legally free you of your timeshare.
Unfortunately, letting go of a timeshare almost always results in financial loss.
Contrary to what they told you at the timeshare presentation, most of these properties do not hold their value or gain equity. Some are worth only a fraction of what the buyer paid for them - perhaps less than the annual maintenance bills!
For this reason, the IRS classifies all timeshares as "worthless investments."
This doesn't mean your situation is hopeless. You just need to be realistic about what your timeshare is worth. It's also important to understand that you will probably not recoup some (or even most) of your investment.
Beware of Scams
Whether you're considering timeshare donation, resale, or cancellation, you need to be very careful of scams.
Sadly, many companies out there know how desperate you are to sell your timeshare. They know that the property is a financial drain. They know you're eager to get rid of it.
These scam companies often make big promises, offering to take your property off your hands for an upfront fee. In most cases, once they have your money you'll never hear from them again.
Then you're not only out the fee you paid, but you're still stuck with the timeshare.
Some companies take financial fraud one step further. They buy up timeshare properties and put them into a "shell" company created with the sole intention of filing bankruptcy.
How do you know if the company you're considering working with is legitimate? Here are a few red flags to watch out for:
Asking for large upfront fees
Unsolicited contact
Promises of profit
Promises of "eager buyers" waiting
No matter which route you choose to take with your timeshare, research the company carefully to ensure it's legitimate!
Pros and Cons of Timeshare Donation
If you do manage to find a legitimate timeshare donation company, there are a few things you should know before you proceed.
Some timeshare donation companies try to tell you that your entire donation is tax-deductible. The idea of a big tax break is appealing, which is why many dive in without second thought.
Let's get something clear, though. On the off-chance that yours is one of the very few properties that held or increased its value, you could end up with a decent tax write-off.
However, for the vast majority of timeshare holders, your property likely decreased in value. And no matter how much you paid for it, the IRS will only allow you to write off the current fair market value of the property.
Let's say you paid $25,000 for your beach bungalow in Mexico. Over the past few years, the market value plummeted and your timeshare is now worth only $2,500.
If you give this property away through timeshare donation, the price you originally paid for it is irrelevant. In this instance, your total allowable tax deduction would be the current market value of $2,500.
These numbers, sad to say, are still on the generous side. One company reports that many donated timeshare properties sell for as little as $50 .
The same company also noted that the average timeshare donation only generates about $400 to charities. If you truly care about philanthropy, you're better off sending a check to the charity of your choice.
Here are a few other facts worth noting:
Companies may employ their own property assessors to inflate the value of your property for tax purposes. This could haunt you down the road in the form of an IRS audit and hefty fines.
If your timeshare is worth very little, you may actually have to pay the company to take it from you.
Some companies won't consider timeshares that still have a mortgage or are behind on maintenance fees. They'll only take properties that are free and clear.
As you can see, there are many important factors to weigh when considering timeshare donation.
Final Thoughts
So, what are the pros and cons of timeshare donation? It's true that a legitimate company may be able to take your timeshare off your hands.
However, it will likely cost you a few thousand dollars in transfer fees. And regardless of what the company claims, you shouldn't count on a huge tax write-off for your donation.
If you're looking for an option with less risk, you may want to consider timeshare cancellation. At PMG, we're an attorney-backed agency that uses the power of the law to get you out of your timeshare contract.
Would you like to know more about how to legally get rid of your timeshare? We invite you to contact us for more information or to schedule a free consultation
By Primo Management Group 07 Sep, 2017
The timeshare industry is huge and still growing. In fact, between 2015 and 2016 the sales volume of the industry increased from $8.6 billion to $9.2 billion.
Timeshares can be attractive investments at first, but eventually, they may become a burden. In many cases, timeshare owners find themselves in financial trouble and the timeshare contract they are under needs to be relinquished. There are a number of ways to terminate a timeshare contract, but depending on your particular situation, it can be very tricky.
Some exit timeshare companies claim they can get individuals out of their contracts. They end up costing thousands of dollars and creating more headaches for the owner.
In some instances, an attorney may need to be involved in the process to ensure an individual is not taken advantage of and is fully released from their timeshare. Primo Management Group in Orlando, FL is your best option.
Consider the Rescission Period:
However, there are ways to exit timeshare contracts without the stress associated with exit timeshare companies or dealing directly with the resort. Below are some possibilities a timeshare owner can entertain if they need to get out of their contract.
Consider the Rescission Period
If you've recently purchased a timeshare and are now regretting your decision, you need to consider the rescission period.
Many people have buyer's remorse after purchasing a timeshare and can use this clause to cancel the contract early on. The rescission period refers to a short period of time after you have purchased the timeshare during which you can cancel your contract. Each contract is different and state laws can dictate rescission periods, so you'll need to check your contract in order to find out if this is available to you.
Unfortunately, using the rescission period to cancel the contract will only work for recently purchased timeshares. This is a technique that new buyers can utilize, but if you've owned a timeshare for a while, you'll need to try a different approach.
Donate Your Timeshare:
An option for those who are past the rescission period is to donate the timeshare to a charity or other organization. Charities typically need venues to hold annual events and your timeshare could provide the perfect location and atmosphere.
In some cases, charity organizations end up taking over responsibility of the payments from the owner to hold their annual events. This is a great way for the owner of a timeshare to relinquish the costs and stress of being under an unwanted contract.
This approach also carries the advantage of a tax deduction at the end of each year. This will help with contract and maintenance costs you have previously incurred.
Selling or Renting Your Timeshare:
Timeshares are notorious for having bad resale values, but often an owner just wants out. Even if you aren't getting a good price relative to what you paid, the peace of mind of getting out from under the contract may be worth it.
You'll need to consider a few things when trying to sell a timeshare. Location is a big factor. Many older resorts or condos are much harder to sell, as conditions have depreciated over the years and the need for maintenance is higher.
Additionally, if a resort is failing, they may not have enough profit coming in to properly maintain the units, making them unattractive to potential buyers. As the owner of a timeshare, you may be stuck with increasing maintenance fees on top of the annual price of the space.
Considering these factors is essential before deciding to sell a timeshare. Fortunately there are resources that you can utilize in order stay informed about your property. Websites like Sharket provide resale information and news regarding timeshares in different areas of the country.
If you're still having trouble selling a timeshare, renting is always an option. While this doesn't get you out of your contract completely, renting will cut some of the costs down and buy you time while waiting to sell.
Watch Out For Scams:
If you've decided to work with an exit timeshare company to sell your property, you need to watch out for scams, which are common in the timeshare industry. There are also a number of different scam tactics currently in use.
Always be weary of solicitations from agents or exit timeshare companies offering to help sell your timeshare. Quality organizations don't need to solicit their services. In order to get your business, many of these companies will insist they already have a possible buyer when in reality they're just trying to get your business.
Some scams involve individuals posing as a timeshare company. They claim to have received an offer on your timeshare, but in reality they are after your money. They may ask for money in order to get the ball rolling, but this is a scam.
Know the Law:
Timeshare companies want you to believe that once you have purchased a timeshare and are under a contract, there is no getting out. This is simply not the case!
As a result of litigation that has been filed against timeshare companies, specifically for fraudulent sales tactics, these companies have become more and more agreeable when it comes to releasing an owner from a contract. They don't want the stress and expense of litigation.
If you were promised by a salesperson that a timeshare would increase in value over time or that it could be openly sold or transferred, you may be legally able to get out of your contract. Some exit timeshare companies can help you with information regarding your legal rights, but a qualified attorney at Primo Management Group is your best bet.
Let a Timeshare Exit Professional Help You:
If you're under a timeshare contract and need out, you need to work with an organization that is knowledgeable of both the legal process and the real estate industry. At Primo Management Group in Orlando, FL, we excel in both of these areas.
Let us evaluate your case and provide the best possible solution for your situation. Contact us today.
By Primo Management Group 06 Sep, 2017
You stand in awe at the amazing view. You bask in the sun's warm glow from the balcony of a condo that could be yours.
Your vacation's almost over.
You've enjoyed the nightlife, the beaches, the golf and the shops. You wish you could live here on the Florida coast. But you live somewhere up north, where the winters get cold and the beaches aren't quite so inviting.
You're considering buying a timeshare from the company who gave you and your family this amazing experience for free.
But first you need to answer: How much do timeshares cost?
The timeshare business is a nearly $10 billion industry and the number of timeshare owners is growing year over year.
You want to make an informed decision, so let's explore real vs perceived timeshare cost.
The Initial Purchase
This will be the most straightforward number to consider when you're looking into how much do timeshares cost.
This "starter price" can vary based on several factors like:
Size
Location
Resort amenities that you'll share when using the timeshare
Age of the timeshare
Condition of the timeshare and property
If you're buying the timeshare new in one of those free vacation offers where you sit through a seminar, you can expect a price of about $10 thousand for a run of the mill timeshare.
A luxurious timeshare at a sought after resort could be closer to $40 thousand.
If you buy used like a unit sold on a website where people try to sell their timeshares, a more typical cost would be $1500.
Wow! That's is a nice round price that even someone on a modest income could afford. Can you really go on a luxury vacation every year for such a low price? That would pay for itself in just 1-2 years!
This is perceived cost for many people.
But as they say, if it seems to too good to be true,...
Annual Fees
In addition to the cost of the unit, you'll be responsible for paying for the normal things that you would pay for your own home:
Maintenance
Utilities, even when you're not there, if the unit spends time vacant
Landscaping
Amenities
Building staffing
Taxes
When looking into how much do timeshares cost, don't forget this important expense. You'll owe this even if you choose not to use the unit in a certain year due to life events or desire to go somewhere else.
The average is around $300-400.
If you use the unit during peak seasons, want flexibility in scheduling or own a larger share of the timeshare, then your annual cost could be $1000 or more.
You may be thinking, well, that's straightforward enough. I can handle that. But you should know that the timeshare company can increase your annual fee from year to year.
Regardless, of your life circumstances or income, you're obligated to pay whatever they ask.
Real Estate Fees
When you buy the unit, you'll be responsible for real estate fees similar to the closing costs on a house. These can vary greatly. They may include:
Appraisal fees
Transfer fees
Recording fees
When you initially look at your contract, it may clearly state "plus fees". But it's often unclear how much these fees will be until after you sign the contract.
Unexpected Fees
At this point you may still think that the real price matches up with what you thought timeshares cost. And that might not be so bad.
But there's more.
In addition, the resort that holds your timeshare may have storm damage, need to repave the parking lot or need a new roof. Rather than set a little of your annual fee aside to pay for these expenses, you'll get a bill for your share of the expense.
This could be anywhere from a few hundred to a few thousand.
You'll then have a limited time to pay this unexpected cost. If you don't pay, you'll owe additional late fees.
And these kinds of upgrades and replacements are more frequent than you might think. If you happen into a resort that's poorly managed or struggling, these costs could skyrocket.
Other Expenses
Some people choose to try to find a renter to take over their timeshare when they can't use it. In theory this sounds great.
They might even pay you more than your annual fee.
But in reality, this almost always costs more than it's worth in both time and money, through things like:
Finder's fees
Brokerage fees
Credit check
Background check
Clean up after a tenant who is respectful of your property
Clean up after a tenant who is not
Cost of Getting Out of A Timeshare
The cost of getting out will depend on your contract. You could owe 10's of thousands of dollars or more in some cases. In some contracts, cancelling isn't an option after a certain date.
Some timeshare companies will put additional restrictions on how you sell your timeshare and assess fees if you break the rules.
So read your contract to reduce your exit costs.
It's important to understand that timeshares rarely, if ever, appreciate in value. When you sell your timeshare, it's highly unlikely that someone will pay anywhere close to what you paid for it. You can consider it a total loss in most instances.
It may even cost you more than you make in the sale in the form of:
Auction fees
Listing Fees
Real estate transfer fees
Credit check
And so on
Selling a timeshare isn't like selling a home. Basically you're asking — or begging — someone to take over your obligations to pay the annual fees because you can't afford it anymore. Timeshares can sell on eBay for as little as $1.
A property in a failing resort may be nearly impossible to sell. In these cases so many people are defaulting that they can't afford to keep the place up.
The Life Costs
Very briefly, we'd like to share some life costs that should be considered when you ask, how much do timeshares cost really?
For many, timeshares turn from a dream come true to a nightmare very fast. This can take a toll on your mental, physical and financial heath.
Each of these has a cost that may be harder to measure — but they're very real.
How Much Do Timeshares Cost Really?
Now it's time to really answer this question. More often than not, it's more than it's worth. Or it's more than you should have to pay.
Know your rights. You do have options. We can help you exit a timeshare contract in the most orderly and cost-effective way. Contact us today to schedule a free consultation.
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