When Stewart and his wife Katy were encouraged to purchase a timeshare property, they did not realize all the costs that go into owning one and had no clue it would be a lifetime agreement. This did not sit right with the couple and after years of owning a timeshare, they were finally able to break free from the constrictive resort.
The following is a word-for-word account from Stewart and Katy on their long-endured experience with the timeshare industry and how they finally escaped it. Names and locations have been changed or redacted due to privacy concerns.
“It all began when we saw an advertisement for a free weekend stay at Virginia Beach, all we had to do was sit through a presentation. The way they spoke about timeshares made it seem like they were a wonderful investment that just could not go wrong. We did not have much money at the time for the down payment, but the salespeople made us feel like we would be missing out if we didn’t buy one that day.”
Stewart and Katy were fed lie after lie from the salespeople that afternoon and by the time they realized it, it was too late to cancel the purchase. When they learned the true ins and outs of their agreement, they were quite scared of what they had gotten themselves into.
“They knew we were planning to retire around that time and they used that against us by guilting us into thinking our retirement would be worthless without a timeshare. We never knew this would be a lifetime agreement and could also be a risk of the debt falling into the laps of our children in the future. We tried selling it as the salespeople told us we easily could, but we learned how difficult it was to sell something that constantly depreciated over time.”
The resale market for timeshares is a nightmare within itself. Most owners do not realize the true value of these properties until it is too late. Stewart and Katy were shocked when they saw the listing prices for most timeshares in the aftermarket and realized they may not even make a dime off of theirs.
“It was a financial struggle for us to own a timeshare and keep up with all the yearly expenses attributed to it. The maintenance fees were more expensive every single year, and it was an absolute pain just to book a simple vacation trip with them.”
By the time Stewart and Katy reached out to Wesley Financial Group, LLC they had not made any use of their timeshare in some time. Over a decade to be exact, and there was simply no reason they should still be held responsible for something they were unfairly pushed into. We were happy to work with this couple in making sure their timeshare agreement was officially terminated.* Now they can enjoy retirement the proper way and not have to worry about the stress and burdens of a timeshare.
Does this timeshare experience sound familiar? If so, please give us a call today! We’d love to see if you or anyone you know qualifies 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).
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