A lot of people regret purchasing timeshares. Whether it is due to false promises, the pressure of a salesperson or exorbitant maintenance fees and special assessments, many people wish they could cancel their timeshare. Fortunately, there are some ways to get out of your timeshare contract and avoid the nightmare of a vacation property that you no longer want or can use.
When you want to cancel your timeshare, you should first try to reach out to the company in question to see what their policies are regarding this matter. Depending on the circumstances, they may be able to work with you to come up with an exit strategy that is acceptable to both parties. If speaking with them does not result in satisfactory results, it is often a good idea to enlist the help of a third party negotiator or lawyer who has experience in the area of timeshare contracts.
Once you have spoken with the company, it is important to put your timeshare cancellation request in writing. While some companies allow for a verbal rescission, it is always best to have everything in writing so that there is no confusion or miscommunication regarding your request. You should include your name, contract number, date of purchase and any deposit or other funds that you have given them in the letter. Additionally, you should make sure that you include a request to cancel any financing agreements as well.
If you are still within your rescission period, then sending your letter by certified mail is a good idea. This will give you proof that your letter was sent on time and received by the company.
After your rescission period is over, it will be harder to find a way to get out of your timeshare contract. However, you should never give up hope. It is possible to get out of your timeshare if you are able to locate someone who is willing to assume the agreement with you or take over your payments. You can also look into the possibility of donating your timeshare or going through a tried and true resale service.
There are even some timeshare exit experts who can assist you with getting out of your contract, even after the rescission period has expired. These experts can help you understand your options and what steps you need to take to get out of your timeshare contract, including the process of obtaining any money that is owed to you.
Timeshare companies are known to be dishonest, which is why it is so important to read your contract thoroughly and to act quickly if you decide that you no longer want to keep your timeshare. Contacting a trusted company like EZ Exit Now is a good option since they have staff members who will work with you to determine your options and what the best course of action might be for your specific situation.