Timeshare cancellation can be a daunting task. It can be difficult to navigate the red tape of timeshare management companies. However, if you follow the right steps, you may end up with a clean and happy exit. While you may be tempted to stick with your current provider, there are numerous options available.
One way to minimize your chances of having to stick with a timeshare is to do some research. The best way to determine the best option for you is to speak to an experienced timeshare expert. A reputable company should be able to provide you with a free consultation and a clear cut plan of action. They’ll help you to navigate the complex world of timeshare re-sales and point you in the direction of a company that can offer you a better deal.
Among the many things a timeshare buyer might be surprised to learn is that there are rescission periods for new purchases. Typically, a rescission period of a few days is enough to allow you to put your timeshare back into the developer’s possession and get a refund.
This is an important piece of information to know. You need to act quickly to take advantage of this opportunity. Otherwise, your provider may decide that your request for a refund is an attempt to extort money from you and take you to court. If you are not prepared for this type of action, you might have to consider another means of getting out of the deal.
In general, there are two primary options for timeshare cancellation. You can choose to try your luck with a title company or you can hire a timeshare exit company. Either way, you will be entrusting a third party to handle your paperwork. Having the right paperwork in place will make your exit a lot smoother.
To be on the safe side, you should also conduct your own research. For example, do you have a rescission period in your state? Are there any legal requirements to renege on your contract? Does your state require an official letter requesting a refund?
There are numerous other considerations to keep in mind when choosing a timeshare cancellation service. You will likely need to fill out a form, conduct an assessment and prepare other documents. Depending on your preferences, you can either deliver these documents in person or have them couriered to the appropriate developer.
When it comes to timeshare re-sales, the timeshare industry is notorious for phony schemes. Using an escrow company to hold your payments until your exit is complete will not only help you avoid paying maintenance fees in perpetuity, it also ensures that your money is actually in the hands of the people who matter. Also, a reputable escrow company will be able to guide you through the process.
Finally, a timeshare exit company will likely be able to help you with the more complicated stuff like negotiating the sale of your interest in the timeshare to a charity of your choice. If your timeshare provider is unwilling to negotiate, you might have to settle for an unceremoniously canceled deal.