Get Out Of A Timeshare

Are the escalating annual charges, on top of the economic downturn, leave you and your fellow timeshare owners begging, “I need to get out of a timeshare!” Unfortunately, getting rid of timeshares, what was once a rapidly growing trade, is a lot harder than you may think. As the timeshare resale industry keeps being investigated and reported on in many different mediums industries in almost any medium, the resale business is now under extreme scrutiny and around 50 companies are even being investigated by Florida’s Attorney General. Timeshare attorneys are unsuccessfully trying to help timeshare owners cancel timeshares.

From the second that you set foot into the timeshare purchasing arena, you are being tricked by deceptive timeshare salesmen to believe that you are just going to be getting free tickets to a random, popular show. Anyone who has bought a timeshare after going to one of these presentation knows of the high-pressure sales tactics that these timeshare retailers employ and just how unlikely it is that you are going to be leaving after they tell you about the “today only” deals on timeshare real estate properties that are in locations that you have only dreamed of visiting.

As you already probably know, these professional salespeople mislead prospective timeshare buyers into a sale by using random, personal information about you and your family and don’t even give you enough time to wonder how they knew any of it. Now you are walking out of the seminar with your name signed to a timeshare contract with price tags around $20,000. You leave the 90-minute seminar (that was actually three hours) a new timeshare owner and you are still not quite sure how.

Regardless of how you got into the timeshare, you are now in it, so why not try and enjoy it by getting the whole family together for a vacation? Sadly though, most people cannot all fit their schedules into meeting up in the exact same week that has been assigned to you by the timeshare company. Even if they can, very rarely do people want to go to the exact same place over and over again, year after year after year. This is especially true if you consider the timeshare maintenance fees and random assessment fees that are probably piling up higher every year.

So what do the names of these timeshare costs mean? Well, maintenance fees are the cost a timeshare owner must pay every year to the timeshare resort so that they will clean their timeshare and the resort overall, as well as keeping everything within the resort up-to-date. Maintenance fees start around $200 and go as high as $1,000, and that is just for the first year. Maintenance fees will increase each and every year at an average rate of about four percent and will continue to do so forever. On top of these fees are the random assessment fees that are basically charged to anyone with timeshare ownership. These fees can range from property taxes to making up for your fellow timeshare owners who did not pay their maintenance fees. Usually, the combination of these constant and rising fees is enough to make any timeshare owner try to find the best way to get out of time share ownership.

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Consumer Advisor

Sam & Telma Friedberg

Sam and Telma make a powerful team characterized by both intelligence and integrity. Sam is a proud alumni of the M.I.T. School of Engineering, and Telma is currently studying for her MCAT to pursue her lifelong dream of being a doctor to help people in need.

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