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Timeshar cancellation
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timeshare exit services

4 Hidden Costs of Timeshares

There’s no doubt that one of the best ways to relax is to take a vacation. Having a place all to yourself every year seems like the perfect setup for a getaway. A timeshare is one way to get this, but there are many hidden costs that come with them. Here are four hidden costs you need to be aware of if you’re thinking of getting one or are already in one.

Your Life and Your Freedom

That may sound a little dramatic, but owning a timeshare can be a drain on your time, money, and happiness. Once you’re in, it’s very difficult to sell and the fees don’t stop coming. Once you’re in, you also know where you’ll be vacationing every year whether you like it or not. As if that wasn’t enough, owning a timeshare doesn’t cover the cost of traveling there, which may be difficult with ticket and gas prices.

Depreciaton

When you bought your timeshare, you were feeling great. You were likely told about how, with all the restaurants and entertainment venues around, your property would be a great investment. Think again. The truth is, timeshares hardly ever go up in value. More often than not, they lose value year after year and you’ll still be on the hook for maintenance and upgrade fees.

Yearly Fees

A timeshare attracts taxes and yearly utility and maintenance fees. In 2019 alone, maintenance fees for timeshares averaged more than $1,000 per month; added up over a year, that’s enough to stay at several luxury resorts. These costs tend to go up after you buy the timeshare and that increase can depend on a lot of factors. If the fees are too much, you may want to consult with timeshare exit services.

Assessment Fees

Any business that continually needs to make a profit may need upgrades now and then. That can happen with timeshares and you don’t always have a choice about that. If features or renovations are added to your timeshare, you may be on the hook for the cost. A call to timeshare exit services may be in order if you find yourself unable to afford your timeshare.

If you’re feeling trapped by the hidden cost of timeshares, you don’t have to be. Talking to timeshare exit services can go over options with you to dump your timeshare and regain your freedom.

Why Trust us

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

Call our office today

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

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