Is my timeshare options a legitimate company?

SellMyTimeshareNow FAQ Sell My Timeshare is a legitimate company that specializes in timeshare resale and rental services. Some reviews state that SMTN does not always sell the property as quickly as it advertises and the contract can be confusing, but there are no hidden fees and customers have the option to cancel.

How do I file a complaint against my timeshare?

Reporting a Timeshare Resale Scam Federal Trade Commission (you can reach out to them at 1-877-FTC-HELP or www.ftc.gov) The State Attorney General’s Office of your state. A local Better Business Bureau or the BBB online.

How can I legally get out of my timeshare?

Getting out of a timeshare The main way to get out of a timeshare is to sell it. To do this you’ll have to make sure all fees are paid. However, timeshares can be very hard to sell. Most people make a loss when they sell them.

How much do lawyers charge to get out of a timeshare?

Here’s some insight into costs and what to expect. On average, the cost of professional cancellation services is around $4,000. This typically gets you a team that will work with your timeshare company on a settlement or manages the resale process for you.

Can you sell your timeshare back to the resort?

If you can’t sell your timeshare on the open market, one option is to offer it back to the resort. As long as the unit is paid off and you are an owner in good standing, there’s a chance that the resort will take the unit back from you.

Why do people want to buy your timeshare?

People buy timeshares because the average cost is almost nominal in comparison to a lifetime of vacations. At most timeshare presentations, a sales representative will show you approximately how much you’ll spend over your lifetime on travel. Let’s say you take a week-long vacation every year somewhere new.

What happens if you stop paying your timeshare maintenance fees?

If you stop paying it, the timeshare company will do whatever it takes to collect. They’ll make phone calls and send letters, then they’ll assign it over to (you guessed it) a collections company. If you still don’t pay, the situation sinks even further into foreclosure and possible legal action against you.

Can you just walk away from a timeshare?

You can’t just walk away from a timeshare. That’s because they often come with an obligation to pay maintenance fees for as long as you own them. It says 85 percent of timeshare owners who go to contract regret their purchase.

What are the most common timeshare complaints?

The most common complaint is the promise of guaranteed rental income for timeshare weeks. Many clients are enticed into buying a timeshare, or buying a larger package than they need or can afford, because the salesperson presents the timeshare as a financial investment.

What is a timeshare company?

Definition A timeshare is a vacation property with shared ownership. A management company handles the construction and sells shares, which entitle buyers to spend a specified amount of time (usually one week per year) at the property. Some timeshares are large complexes with dozens of living units,…

What is a timeshare vacation?

Timeshare – or shared-vacation ownership – means you purchase a period of time, usually a week or more, in vacation accommodation based on a resort with of on-site amenities which could include a pool, bar, restaurant and more. Timeshare puts vacation ownership within the financial reach…

What is a timeshare USA?

A timeshare is a vacation property arrangement that lets you share the property cost with others in order to guarantee time at the property.