Timeshare cancellation is a complex process that can cost you financially and emotionally. It’s important to know what you’re getting into before you start the process.
A good way to learn more about a company is to read reviews from past clients. There are several online resources where you can find this information. These include Best Company, Google and Trustpilot.
In addition to evaluating a company’s reputation, you should look at their experience in handling timeshare cancellations. A reputable company will be familiar with the state and federal laws surrounding timeshares, and have a team of experts who specialize in canceling timeshares.
The Most Common Reasons Owners Cancel Their Timeshare
While most timeshare owners are thrilled when they purchase a timeshare, many have realized that it doesn’t fit their financial and lifestyle goals after a few years. This could be due to a job change, a family arrangement, or a major life event.
Rescission is a legal right available to all timeshare owners. However, most sales contracts don’t provide clear and precise instructions on how to legally revoke your purchase.
This is the reason why a timeshare exit company should be your first line of defense. They know all the nuances of timeshare ownership and will be able to help you navigate the murky waters of the timeshare re-sell market without being taken advantage of.
Recognize the Need for Help
A timeshare exit company should offer to meet with you personally to review your situation and determine if you qualify for their services. They should also be able to provide a detailed estimate of the total cost for your case and work with you to negotiate a payment plan.
Typically, you can expect to pay anywhere from $1,000 to $10,000 to have your timeshare terminated. This can vary depending on your situation, but it’s a much cheaper alternative to keeping the property and paying maintenance fees that often increase yearly.
Want a Compliant Approach
You will need a professional who understands the complexities of timeshare contracts and can make sure that all documentation is in order. These companies have the expertise to handle every step of the process, from analyzing your contract to making sure all paperwork is filed correctly and accurately.
Your company should be able to assist you with the entire process of termination, from gathering your documents and forwarding them to the timeshare management and relevant developer. They should work in your best interests and make sure that the paperwork is handled quickly and thoroughly until a resolution is reached.
A company like Wesley Financial Group, LLC* is an example of a well-respected, reputable and reliable timeshare exit service. They have ten years of experience in the field and a team of experts who can work to get you out of your timeshare safely and efficiently.
The timeshare re-sell industry is notorious for deceptive practices and phony scams. It is a saturated market with unscrupulous companies that charge listing fees to list your timeshare for sale, and those fees are what makes it possible to re-sell your timeshare.