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If you’ve ever read my articles on timeshare scams and timeshare resale scams you will defiantly want to read this article.  Why, because I got burned by this company bad and not just a little, a lot.

You may have heard of Timeshares Only from seeing their ad on TV or on the radio claiming they can help you get out of your timeshare by advertising it for you on their high traffic website.  In theory this all sounds great when you hear what they have to offer but in reality it’s nothing more than a no product, no service scam.

I don’t say this just too bad mouth the company, so in this article I’m going to share my story about the Timeshare Only Scam and why you will want to avoid this company altogether.

Once Upon A Time…

When I first got married I was on top of the world.  I thought I had everything, a great job, a super wife, and a house.  I thought I had it all but instead I was setting myself up for disaster.  I thought I had all the money in the world.  What a big mistake this was going to be for me.

In late November of 2003 I was on my honeymoon in Aruba.  The only reason I decided to go there was because my oldest sister owned a timeshare and said that we could use it free of charge to go wherever we wanted.

While in Aruba we were asked to attend a timeshare meeting.  This was a huge mistake, but at the time I had no idea what I was about to get myself into.  I was strongly against buying a timeshare but after four or five hours of them continually hammering on us we bought one.

We decided it would be great to come back in a few years again or we could even use it to go someplace else.  Things seemed great.

Fast Forward 2 Years…

I had not used the timeshare once in that time, in fact I owed over $600 every other year in maintenance fees, I owed $60 for a membership fee every year, and if I wanted to go to different resort I was going to have to pay an exchange fee.  Add on top of that just the cost to fly to Aruba, it was going to be at least $500 to $800 a plane ticket.

At this point I started realizing that owning a timeshare was almost the worst thing I could have spent my money on.  So I decided to sell my timeshare, however there was one problem with this, how do you sell a piece of property to someone you can’t see or touch?

Fast Forward 3 More Years…

After 5 years of owning this timeshare I had not used it once and it was burning a hole in my pocket.  In fact, my debt situation was really starting to catch up to me and fast.   So one day on my way home from work I heard a commercial for Timeshares Only.

So I checked them out and gave them a call.  They informed me that they would advertise my timeshare on their website for a onetime fee of $600.  At this point I was willing to try anything.

Now before I go any further I will admit Timeshares Only is a legit company however they are not like a broker for a real estate company were they only get paid when you sell.  Timeshares Only is just an advertising company, that’s it.

Fast Forward To The Present Day

After a year or so I didn’t get one phone call, email, or even a letter in the mail.  They had pretty much collected the fee and entered the witness protection program not to be seen or heard from again.

This is when I realized I had been taken again.  What a mess I had created, if I had only said no that day I was asked to buy that timeshare, but it was too late now.  In the end I learned a few very valuable lessons.

• Timeshare are not worth squat.  When I tried to sell my timeshare in the resale market I realized that no one was getting paid for what they had originally bought them for.  The reason for this is because a timeshare is not ownership in a piece of property but rather ownership in a piece of time itself, a week to be exact.
• They will get their money one way or another.  If you think just paying the timeshare off is the only expense you are dead wrong, they will get you coming and going with membership fees, exchange fees, and maintenance fees.
• Nobody wants a timeshare. In the end Timeshares Only ended up costing me $600 and no results.  So how did I sell my timeshare you might ask?  I sold it back to the resort I bought it from at 10 cents on the dollar.  Ouch!  I know I lost out big but at least I was able to rid myself of it before I had put any more money into it.

Don’t Waste Your Money On Timeshares Only

In the end timeshares only did exactly what it said it was going to do.  Did they say they would actually sell your timeshare, no.  Timeshares Only is a lost cost and should be avoid along with every other timeshare resale company.

If you are looking for another option to selling your timeshare check out the links I left at the beginning of this post.  They include a few ideas you can try to sell your timeshare without getting ripped off.

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