Getting help when trying to exit your timeshare is often a good idea. It can be tricky to get out on your own, as most timeshare developers will do what they can to keep you in your contract for as long as possible. If you have been trying to get out for a while without any luck, using an exit company like Northwest Advisors Group can be a viable solution.
But that doesn’t mean that this is necessarily the right partner for your situation. To know that for sure, you’ll need to do more research and learn more about what they offer and who they serve. I’ve created the content below to hopefully point you in the right direction and arm you with the information you need to chart a successful path forward. Let’s get started!
What is the Northwest Advisors Group?
Northwest Advisors Group is a timeshare exit company with a listed home in Olympia, Washington. At first glance, the website for this business seems to fall right in line with many of the others in the industry. There isn’t a ton of information available on the site, and most of the writing is rather general and vague. As is expected, the primary focus of the site is to get you to reach out for a free consultation, which is the standard approach in this business.
In reading the content on this site, there does seem to be one fundamental difference between this and many of the other exit options on the market. On the home page, they discuss not only helping you get out of your timeshare, but also transitioning to a “new world of travel possibilities with Condos Plus”. What that means precisely isn’t clear, although it says that Condos Plus will provide you with access to a “curated selection of travel options, from luxurious resorts to cozy getaways…”.
To be honest, this is messaging that causes the alarm bells to go off in my head right away. As someone who is trying to get out of a timeshare, the last thing you need is to be sold on another type of travel service. Is this new service truly different than what you have been stuck in with a timeshare? It’s hard to say, and there isn’t enough information on the page to make that determination.
It does say that the Condos Plus part of the deal is optional, so you might be able to leverage their services to exit your current timeshare without winding up committed to something else moving forward. If you do reach out for more information from this business, proceed carefully and always pay close attention to anything that they may be trying to sell you.
Are There Any Reviews Available?
The good news in terms of reviews is that NW Advisors Group is listed as an accredited company with the Better Business Bureau, and they claim to have been in business for more than a decade. With that said, as you can see from the screenshot below, there are no reviews on their page.
What’s more concerning is that they have had three complaints filed with the BBB in the last 12 months. While it states that all of those complaints have been closed, it is still cause for concern that there are some complaints about the service without any positive reviews on the other side. It would be one thing if a number of happy clients had posted about their experience, but that is not the case. So, again, this may be a warning sign that this exit company isn’t going to be able to deliver the experience that you hope to have.
The Various Tactics to Leave a Timeshare
If you own a house, there is really only one way to move on from owning that house – you sell it to someone else. While there are plenty of steps involved in selling a house, and it can take a while to move from the start of the process all the way to the finish, there is really no mystery surrounding what needs to take place.
Selling a timeshare is nothing like a house, in case you didn’t know that already. Yes, you can try to sell your timeshare, but the market is going to be tepid at best, and you might struggle to find a single person who is interested in making a purchase. If you do find a willing buyer, that’s a great path to get out of the timeshare, just don’t expect to get much money in return.
Another potential way to exit your timeshare is simply to give it back to the developer. When a developer takes back a timeshare, they aren’t doing it to be nice – they want to add it to their inventory to sell to someone else. Always check in directly with your timeshare company to see if they are offering this kind of program, as it’s an opportunity you won’t want to miss out on when it becomes available.
In some cases, it will even be possible to take legal action to get out of your timeshare. It may be the case that the timeshare company violated consumer protection laws in the sales process, or something else about the contract allows you to get out. A good timeshare exit company – whether it is Northwest Advisors Group or another organization – will work through the various exit options to find the best plan for your situation.
Warning: You Could Lose More Money
You probably feel like the financial situation related to your timeshare purchase couldn’t get much worse at this point. You may have spent far more money than you expected or wanted, and you probably don’t feel like the value has been very good in terms of what you got in return for that money.
I hate to be the bearer of bad news, but it’s still possible for it to get worse. How so? If you pay a bunch of money to a timeshare exit company that doesn’t actually get you out of the contract, things will be worse and you still won’t have a resolution. Plenty of timeshare owners have fallen into this trap and wound up making their problems worse.
To stay away from such a disheartening outcome, use an escrow service when hiring an exit company to work on this project for you. The use of escrow will give you some protection and it will make it much harder for the exit company to just take the money and run. It’s still important to do your research and make sure you are picking out the best possible partner for the job, but using escrow will lend some significant peace of mind to the whole experience.
Frequently Asked Questions
What else would you like to know about leaving a timeshare? I try to offer timeshare owners as much information as possible so they can make wise decisions and avoid any further frustrations with this whole experience. The FAQs below may add to your knowledge before you move forward.
Q: Can you still exit a timeshare after the recission period is over?
A: Yes, it’s always possible to exit a timeshare, although it does get considerably harder after the recission period has passed. If you are able, taking advantage of the recission period is certainly the easiest way to leave your timeshare without any damage.
Q: What documents are needed to exit a timeshare?
A: You don’t necessarily need any specific documents if you are going to leave your timeshare, although having a copy of your contract is a good starting point. If there is a loan outstanding on the timeshare, you’ll also want to have that available as part of this process.
Q: What happens to my credit if I stop paying for my timeshare?
A: Stopping the payments on your timeshare is not going to mean good things for your credit score moving forward. As those payments fall further and further behind, they will be reported to the credit agencies and you’ll see those issues reflected in your score.
Make This a Fair Fight
I understand just how badly you want – or need – to get out of your timeshare. There is a lot of frustration and anxiety that comes along with this process, but it’s one that is best managed when you keep a level head and just consistently work toward the finish line. One step in that direction is giving us a call today to learn more about your options. You can reach us at 833-416-8796, or you can use our live chat feature to get in touch. Either way, we will be happy to play a role in this process and we hope that you will be living a timeshare-free life in the near future!