When Michelle P. was first introduced to the concept of a timeshare, she couldn’t believe it. She loved visiting the beach every year and this sounded like exactly what she wanted since she could not afford a beach home. Unfortunately, with the amount she invested over the years into her timeshare, she could have easily considered real estate with actual value.
The following is a firsthand account from Michelle on the continuous issues she had with the timeshare resort and why she would never recommend it to anyone else. We hope her story will enlighten others about the ongoing problems taking place in the timeshare industry. Names have been changed or redacted due to privacy concerns.
“I accepted the invite to attend their presentation and in return, I got a free stay at the resort and a $150 cash payout. I was very impressed with the timeshares and loved the idea of visiting the resort every year, but they showed me the price and I said there’s no way I could afford it. Hours went by of the salespeople reducing the price, trying to find my sweet spot. I got up to finally leave and then they made a final offer that was a quarter of the original price. I couldn’t say no!”
Michelle was in the sales pitch for well over three hours. Now keep in mind, this was only supposed to be a 90-minute presentation. The salespeople made her feel like she just could not leave until accepting one of their offers. How the price could drop by so much for the same timeshare unit really makes you wonder about the true value of these properties and what they are listed at.
“I was ready to put this timeshare to use and immediately went to book our trip back to the resort for the next year, but somehow I did that wrong. The salespeople claimed how booking trips were so easy but it was not! I constantly had issues with this during my whole time as an owner. Whenever I could get something booked, there were additional costs that were never mentioned during the presentation.”
It turned out, vacationing with her timeshare was much more expensive than her typical vacations. And it was not because these were more luxurious stays, as Michelle was quite disappointed with the accommodations and service during her few stays. For the price she was paying, she expected much more.
“It was not just the mortgage or extra costs I paid each time, but also the maintenance fees. Nobody ever mentioned these fees to me, but they definitely should have. They seemed small and insignificant at first so I didn’t say anything, but they increased every single year. The maintenance fees alone became too unbearable for me, not even considering the other costs.“
Michelle’s maintenance fees had more than tripled within ten years of owning her timeshare. There seemed to be no end in sight for these price increases and Michelle did not think she could keep paying. She was sacrificing finances in several other aspects of her life just for this timeshare.
That’s when Wesley Financial Group, LLC came into the picture. Michelle’s daughter had recommended this company to her and she did not hesitate to reach out. And for good reason too, as she is now once again living timeshare-free! We worked closely with Michelle to see that her timeshare agreement was completely canceled and that she would never be burdened with maintenance fees again*
If you know anyone with a similar timeshare experience, please feel free to pass our phone number along to them. We’d love to see if they qualify for our timeshare termination services.
*Wesley Financial Group, LLC (“WFG”) develops individualized programs for each client, terminates over 97% of their client’s timeshare relationships, and, in certain circumstances, obtains a refund of some or all of the timeshare purchase price. Actual results depend on each client’s distinct case and no specific outcome is guaranteed (although WFG does offer a 100% money-back guarantee if the timeshare is not canceled within the time specified in the WFG Enrollment Agreement).
Wesley Financial Group, LLC, and/or its affiliates, successors, or assigns are not lawyers and/or a law firm and do not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and are not intended to be a substitute for professional advice, legal or otherwise.