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Timeshar cancellation
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get out of timeshare

Little-Known Facts on Timeshare Resort Fees

According to the World Tourism Organization, about 90% of U.S timeshare resorts utilize some form of fee-simple ownership. The timeshare resorts charge two main fees: the initial purchase cost and the annual maintenance fee.

Timeshare’s initial price depends on the share size, locale, and year period. Moreover, the timeshare fees shift depending on the property state and the market’s timeshare at the time of purchase. The estimated price of a new timeshare is $10,000, while that of a used timeshare is $1,500.

Moreover, you would have to pay an annual maintenance fee for the timeshare resorts. All shareowners must pay for maintenance, utilities, plus taxes. Typically, the timeshare resort maintenance fee ranges between $300 and $400. However, the maintenance fees during the peak seasons or for those owning larger shares can go up to $1000 or more yearly.

You should know that the yearly maintenance fees are payable regardless of whether you, as the shareowner, use the property or not and that the resorts are at liberty to hike the annual fees yearly. Other times, the annual maintenance fees do not pay the property taxes, meaning you will have to settle the costs yourself. Such challenges can cause you to want to get out of timeshare resort fees.

Other fees include the transfer fees and the recording fees. These fees are the additional real estate fees that arise from the sale of a share when a shareholder wants to get out of timeshare resort engagement.

Another fee associated with timeshare resorts is the assessment fee, which timeshare resorts often transfer to the shareowners. Assessment fees arise when a resort decides to perform a major enhancement to property or has numerous and significant repairs to execute.

The timeshare resort can then assess a massive fee to the shareowners so that they pay. It is wise to go through a timeshare resort contract before signing to ensure that you are not hit by a colossal assessment fee in the future, as that burden can most likely force you to get out of timeshare ownership.

A timeshare seems to be very lucrative on the outside. However, it would be best if you got into the nitty-gritty of owning a timeshare, especially the fees, before taking it up to avoid all the frustrations that may make you prematurely get out of timeshare ownership. If you have entered a timeshare and are looking for a way to exit it, contact us today to work with one of our experts!

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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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