Cancelling your timeshare is a big decision and one you shouldn’t be afraid to make. A good timeshare exit company will help you navigate the process. It’s not something that should be taken lightly, so make sure to choose a reputable company with experience in the field.
The First Step is To Know Your Rights
Before you begin thinking about timeshare cancellation, it’s important to understand your rights and what you can do to take advantage of them. The best way to do that is to read your timeshare contract. The contract will provide you with a number of important details, including your right to cancel the agreement and the length of time you have to do it within.
Most timeshares are sold with a short “rescission period,” which is typically a few days and varies from state to state. In some cases, this can be extended for an additional 30 days.
However, if you miss the rescission period or fail to comply with your state’s requirements to cancel, you may be stuck with an unwanted timeshare for years to come. It’s vital to know your rights and find a company that will fight on your behalf so you can get your money back and start living your life again.
Choosing the Right Timeshare Exit Company
With so many companies out there, it can be difficult to know who you should trust to help you with your timeshare cancellation. Some of these companies are bogus and will try to steal your money, while others will do a better job of helping you get out of your timeshare.
A legitimate company will always be upfront about their fees and what you can expect from them. They’ll also provide you with a money-back guarantee or another type of guarantee that ensures you won’t get scammed.
They will also give you a timeline for when they think your contract can be completed, and a realistic estimate of how much it will cost to get out of your timeshare. In most cases, this will be a fairly straightforward process that you can complete in a timely manner.
Moreover, a timeshare exit company will also be able to offer you a variety of options, including an open market re-sell. This option is typically the least expensive method of timeshare cancellation, but it is not always a good idea because it can be costly and will often result in the loss of your unused points or cash.
The cost to re-sell your timeshare can vary dramatically depending on the current market conditions and the amount of time left on your contract. In addition, re-sale companies will charge you listing fees to list your property for sale on the open market. These fees will be based on how much you paid for your timeshare in the first place, not the value of the property itself.
The best timeshare exit company will offer you a wide variety of options to get out of your timeshare quickly, and without the need for a re-sale. These options include: