Getting out of your timeshare is a bit of a process. You have to follow state law and a few simple steps. The best part about getting out of a timeshare is that you can often get your money back, or at least your down payment.
The best way to do this is to seek help from an attorney. The timeshare industry is plagued with bad actors, and you need someone to represent you in court. This is the most important step of the process. You also want to make sure that you read your contract carefully. It might be a good idea to contact the developer as well.
A timeshare company may seem like the best way to exit your purchase, but there are a few red flags to look out for. They can charge a steep fee, or fail to deliver on their promises. They can also discourage customers from canceling.
A timeshare resort will try to convince you to stay, even if it means charging you for the privilege. They may also offer you deed-back options, which are a legal way to give your property back to the resort.
You also need to take the time to learn more about your rights as a timeshare owner. Many states have timeshare cancellation laws, and you need to follow them to the letter. You’ll need to send a formal notice of your intent to cancel your contract within the cooling off period. You might even have to wait a few days or more before you can actually cancel.