How to Get Out of a Timeshare Successfully
Your timeshare seemed like a good idea at the time. Timeshare salespeople are experts at
emphasizing the perks of owning a timeshare. But like many salespeople, they use the
following tactics to make the sale:
They gloss over the high costs.
They sugarcoat the limited amount of time you can use your timeshare.
They may even fail to mention the difficulty of getting rid of your timeshare if you decide you no longer want it.
Fortunately, you have options for getting out of your timeshare.
How Much Time Do You Have to Get Out of a Timeshare?
Most timeshares come with a short grace period, known as a rescission period of approximately five to fifteen days, during which you will be able to cancel your timeshare contract without penalty.
Following this grace period, you will still be allowed to cancel your timeshare under most circumstances, but the process will typically be costly and time-consuming. Although you can certainly attempt to get out of a timeshare on your own, working with a
professional throughout the process will make you far more likely to be successful. How Much Does It Cost to Get Out of a Timeshare? Getting out of your timeshare is no easy task. This extensive process typically costs between $5,000 and $6,000 and takes up to 18 months, even if you work with a timeshare exit company. Attempting to do so on your own can cost even more.
This cost can also vary depending on the number of contracts that are associated with your timeshare. Older timeshares have likely been updated more times over the years than newer ones, which means that they often have more contracts to undo. Each contract you need assistance with adds to the overall cost of getting out of your timeshare.
Here are the options available to you if you want to get out of a timeshare: Getting out of a timeshare can be a difficult and complicated process, but there are several options available. Here are some steps you can take to get out of a timeshare:
Contact the timeshare company: The first step is to contact the timeshare company and let them know that you want to get out of your timeshare. They may have a program in place that allows you to exit your timeshare.
Hire a timeshare exit company: There are companies that specialize in helping people get out of their timeshares. These companies can negotiate with the timeshare company on your behalf to cancel your contract or find a buyer for your timeshare.
Sell your timeshare: If you're not able to cancel your timeshare, selling it is another option. You can list your timeshare for sale on websites like eBay or Craigslist or hire a licensed real estate agent who specializes in timeshare sales.
Donate your timeshare: If you're unable to sell your timeshare, you may be able to donate it to a charity or non-profit organization. However, it's important to research the organization first to make sure they accept timeshare donations and will use it
Contact an attorney: If you've tried all of the above options and are still having trouble getting out of your timeshare, you may want to consider hiring an attorney who specializes in timeshare law. They can help you navigate the legal process and find a
resolution to your timeshare issue.
It's important to note that getting out of a timeshare can be a long and difficult process,
and it's important to do your research and carefully consider all of your options before
making a decision.
We have had success with helping clients get out of their timeshares
Call Us at 702-724-0500