If you have a timeshare and want to cancel it, you have options. The process can be complicated and often requires the help of an expert to make it as easy as possible for you.
The best way to start is by contacting a timeshare exit company that has a strong reputation and has a track record of success. These companies have the experience and connections to find a cancellation solution for you, saving you both time and money.
A timeshare exit company should have a comprehensive vetting process before accepting you as a client. This is to ensure they are qualified to guarantee a successful timeshare cancellation and that their services are not only legal, but also ethical and professional.
Initial Contact and Assessment: You’ll have a one-on-one meeting with a representative of the company to review your situation and determine whether you’re eligible for their timeshare cancellation services. They should discuss your property details and evaluate any additional exit measures you may require, such as working with title companies or attorneys.
Documentation Liaison: The team will work with you to collect all relevant documentation and submit it through the proper channels to the timeshare management’s cancellation department and the relevant developer. Once all paperwork has been forwarded, you’ll be free to pursue a timeshare cancellation strategy with confidence and peace of mind.
The Cost of Cancelling a Timeshare
Getting out of a timeshare can be very expensive. If you own multiple timeshares and owe money on each one in addition to paying maintenance fees, then the cost of getting out of your timeshare can quickly skyrocket. A good timeshare exit company will guide you through the process, explain your options and help you understand exactly how much it will cost.
It is very important to do your research and read reviews before choosing a timeshare exit company. You want to make sure you’re not being taken advantage of by a scam artist, and that the company’s services are worth their price tag.
You should look for a firm with a solid track record of success, and one that charges by the hour or a flat rate, rather than a fixed price. It’s also a good idea to check with the Better Business Bureau and other resources for information about a company’s reputation and customer satisfaction.
Canceling your timeshare after the cooling off period has expired is not a simple task, but there are ways to get out of a timeshare before it becomes too difficult or costly. You can try to negotiate a return with the developer, and you can also try to sell your timeshare on a timeshare resale market.
If these strategies fail, you can contact a timeshare attorney who will be able to assist you in filing for a timeshare bankruptcy. This option is very effective in many cases and can save you a significant amount of money, but it’s not for everyone.
In order to successfully cancel a timeshare, you should know the law and be familiar with the process. In most states, you have a period called the right of rescission where you can notify your seller “in writing” that you no longer wish to enter into a timeshare agreement. This period is typically three days but can extend to 15 depending on your state’s laws and regulations.