Should I Sell My Timeshare?

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How Can I Stop Paying Timeshare Maintenance Fees?

woman at laptop with pencil in mouth

Since you’re reading this, you probably are thinking about getting out of your timeshare.

You might have a number of reasons to do so. But the top reason is because your maintenance fees are out of control.

After all, your maintenance fees can rise as much as 4% every year!

In view of that, can you stop paying timeshare maintenance fees?

As long as you own the timeshare, you cannot get out of paying timeshare maintenance fees. The maintenance fees are supposed to pay for the upkeep of the timeshare along with the general cost of managing the property such as property management, housekeeping, and taxes. The only way to get out of paying timeshare maintenance fees is to sell your timeshare.

That is probably not the news you wanted to hear.

However, stick with us and we’re going to show you a way to get out of your timeshare with as little trouble as possible and get you out of paying those maintenance fees.

However, since we’re on the topic, what would happen if you stopped paying your timeshare maintenance fees?

What Happens If You Stop Paying Your Timeshare Maintenance Fees?

If the thought has crossed your mind that you would just stop paying your maintenance fees, you might want to reconsider.

It’s understandable why you might want to embark on this course of action.

Stopping the payment of your maintenance fees is not wise. You should continue paying them until you can get your timeshare transferred. You are still legally responsible for paying the maintenance fees as long as you are the title holder. If you stop paying your timeshare maintenance fees, you can ruin your credit and possibly face legal challenges.

The fact that you’re on this page means that either your fees have gone up much higher than you expected. Or that you’re not getting the level of service for what you’re paying.

Your fees are supposed to cover maintenance like you’d expect. It can also include property management costs, housekeeping, and taxes.

Since you’re here, you probably aren’t satisfied with the quality in these departments.

What You Can Do If Maintenance Services Are Subpar?

The first thing you can do is to contact your property management or association and express your concerns.

If this doesn’t change things to meet your standard or you think the price has just gotten too high, you can try to negotiate with them to lower the price.

Assuming neither of these options pan out, the only way to get any relief would be getting out of your timeshare.

How to Get Out of Your Timeshare

Getting out of your timeshare sounds easier than it actually is.

When you purchased your timeshare you were probably told there is a large market for selling it later if you decide you want out.

That was a lie.

Think about it: How much would you expect to pay for something that is in demand? Two, maybe three times more than asking price probably.

If that principle is true, why is it that there are numerous websites selling timeshares for as little as $1?

Your timeshare is not an investment, contrary to what you may have been told.

With an investment, the value of your investment should go up over time. Not down.

This is why it’s going to be hard to sell your timeshare.

Steps to Get Out of Your Timeshare

Here are your options to free yourself of your timeshare maintenance fees:

  • Negotiate with your timeshare management company
  • Hire a lawyer
  • Use a company that specializes in getting you out of your timeshare

Let’s look at the pros and cons of each of these options.

Guaranteed Timeshare Exit

Negotiate With the Timeshare Management Company

You can try to negotiate an exit deal with your timeshare management company.

They might have a department dedicated to finding people to take over your timeshare.

This would be ideal.

A management company that operates like this can be a good option.

Just remember, you’re already a paying customer. They may not be highly motivated to find someone to take over your timeshare.

And keep in mind, this is assuming there’s a department that handles timeshare exchanges.

If it isn’t, expect a much more challenging fight.

Tired of your timeshare?

Hire a Lawyer

Hiring a lawyer is a good option.

They will be the middle-man when it comes to negotiating getting you out of your timeshare.

The lawyer will also know the law.

That means that if your timeshare management company is not managing the property according to the terms of the contract, the lawyer might be able to use that as leverage and get you out of your timeshare.

The downside is that using a lawyer costs money.

And if you’re trying to get out of paying timeshare maintenance fees because they’ve become unaffordable, the additional cost of a lawyer might be hard to swallow.

Use a Timeshare Exit Company

The last option is to use a timeshare exit company.

And while this is the easiest option, it’s also the easiest to get caught up in a timeshare resale scam.

So how can you protect yourself from getting scammed while at the same time picking a good timeshare exit company?

The frist thing to remember is that you should be EXTREMELY suspicious of unsolicited calls to get you out of your timeshare.

Be even more suspicious of any company that requires you to pay them up front before they can begin any work.

Another thing to look out for is being promised that they have a specific buyer for your timeshare even though there is no contract.

A scammer can make this seem really convincing.

Guaranteed Timeshare Exit

After all, you do want to get out of your timeshare. And having a buyer lined up is ideal.

These scammers will even give you references to prove they are a legitimate service.

And, yes, you should be checking references.

But remember the one key thing:

There is no signed contract.

The scammer wants you to get so caught up with the excitement of offloading your timeshare that you don’t consider the details.

The people they are giving you as references are part of the scam.

Another red flag is promising a “guaranteed” resale of your timeshare for a large upfront fee.

Now, there’s nothing wrong with a timeshare exit company offering you a “guaranteed resale” of your timeshare.

The problem is charging you upfront fees.

A legitimate timeshare exit company that is guaranteeing reselling your timeshare is promising that no money will leave your pocket until AFTER your transfer is complete.

To protect yourself before you get in too deep, you can use this database to check to see if the company that is contacting you has been reported as a scam company.

And finally, whatever company you plan to use, check them against the Better Business Bureau, Trustpilot, and other places that keep track of businesses and their practices.

Use Timeshare Specialists

Timeshare Specialist is the company we recommend for getting out of your timeshare.

Let’s explain why starting with legitimacy.

First off, Timeshare Specialists has an A+ rating with the Better Business Bureau.

They also have an excellent rating of 4.7 on Trustpilot. Make sure you read through all 400+ reviews to prove to yourself Timeshare Specialists is a legitimate timeshare exit company.

Next, the process. Here’s why you should use Timeshare Specialists:

  • You won’t be charged until AFTER your transfer is complete
  • They only focus on timeshares. Large title companies do timeshare title transfers as a way to get additional revenue. Hence, Timeshare Specialists can keep their costs lower when transferring your title
  • Timeshare Specialists will work with you to set the price you want to sell your timeshare for. Then they’ll handle everything involving the listing

As you can see, if you need to get out of your timeshare maintenance fees, Timeshare Specialists is the company you need to work with.

Use this link and provide them your contact information.

Someone from Timeshare Specialists will get back to you to discuss your property and the best options to finally provide you some relief.

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