Buying a timeshare is often a good choice for those who enjoy traveling to certain vacation destinations. However, the yearly maintenance fees can quickly become expensive and burdensome for those who aren’t able to travel as much or for people with aging or other lifestyle restrictions.
If you’re in this situation, it’s crucial that you get your timeshare out of your life as soon as possible. Fortunately, there are many exit strategies that can make the process quick and easy.
The first thing to do when you are ready to cancel a timeshare is to read the contract and find out your rescission rights. These rights can vary in each state, so it’s best to check with your local laws.
You can cancel your timeshare by writing a letter to the resort explaining why you want to terminate your contract. The letter should also include the date that you plan to cancel. It should be sent certified mail with a return receipt.
Once you have written your letter and mailed it, it should arrive at the resort within a few days. If you haven’t received confirmation of your timeshare cancellation letter within a few weeks, contact the company and ask what is going on.
Most timeshare salesmen know that you have a short window of time where you can back out of your deal, and they don’t want to be the ones who force you to stay with the deal. So, they leave that out of their presentation, but once you get the contract, it’s usually no problem to back out and not be forced to keep paying.
Some resorts, like Wydham, offer a certified exit program that can help you escape your timeshare. These programs typically offer assistance in managing leftover points, navigating timeshare resales and creating an exit strategy for ending your timeshare ownership.
Another way to get out of a timeshare is to contact an expert in the industry and seek legal advice. A good timeshare expert will be able to provide you with guidance on your rights and options for avoiding scams and getting out of your timeshare.
If you are unsure about whether or not you should use a professional timeshare exit service, you can always take a look at their pricing online. There are a few different things to consider, including the cost of their exit package and service fees.
The cost of a timeshare exit service will depend on the complexity and length of your plan. You’ll also need to determine whether or not the service will save you money in the long run by getting you out of a timeshare quicker and for less.
A good timeshare exit service will be able to give you personalized messaging and help you navigate the process efficiently. The team at Cancel Timeshare uses smart tools to help them connect with clients, like Baremetrics’ People Insights platform. This allows Howard and his team to access detailed client information, which they can use to answer their questions more quickly.