Are you among thousands of people who can’t afford ongoing timeshare expenses? Do you want to get rid of your timeshare? Are you frustrated by never being able to do the desired bookings through your timeshare points? If yes, you are in the right place. There are ways to cancel your timeshare when you no longer need it. Let’s get started!
Read the timeshare contract carefully
It is important to read the contract thoroughly before signing the contract. You should know what you are getting into while signing a timeshare contract. Timeshare termination clues often lie in these contracts. Some timeshares have a specific expiry date, while others may have exit policies. Most timeshare agreements are for life, though. Furthermore, some have a perpetuity clause, which means you have got to hand your timeshare over to someone else.
All these options vary from resort to resort. Each state sets its own timeframe for you to change your mind. And, as per the law, you can walk away from your contract during this phase without any consequences. Just make sure that you know all the requirements mentioned in the contract for canceling the timeshare. You can seek help from a professional timeshare cancellation company, like the Wesley Financial Group. Is Wesley Financial Group a legit company? Conduct some research online to know.
Talk to the resort developer
Before you start looking for a timeshare cancellation company, call the resort developer and ask them to cancel your timeshare. If it is a high-demand week, they may take it back without much discussion. However, eligibility requirements vary depending on the resort developer. Also, some resort developers charge fee for their services. Speak to people in cancellation or deed back departments. Don’t discuss with another salesperson that could change your decision to cancel the timeshare.
Avoid resale scams
There is a huge difference in price between resale and new weeks. If you choose to sell your timeshare this way, you may end up losing thousands. You will have to pay your maintenance fees the whole time your timeshare is on the market. Resellers will often make false promises in return for a marketing fee. Make sure not to pay any upfront fee to a timeshare resale broker.
Try to sell it yourself
You don’t want to hamper your timeshare sale with fixed prices. Don’t worry! You can sell it yourself too. Selling it via a resale market will take time and money. You need to pay for marketing and advertising costs. Further, you may also come across scammers when you sell the timeshare this way. If you plan to sell on the open market, it is recommended not to accept any payment plans for it. Go with cash upfront only.
Beware of fraudulent timeshare exit companies
If you are looking for timeshare cancellation companies to help you get rid of your timeshare, proceed cautiously. There are so many agents out there keeping an eye on people who want to get out of their timeshare. Beware of the following red flags-
- The timeshare exit company calls you out of the blue.
- They make sky-high promises but don’t show a previous track record of work.
- They ask for a large upfront payment.
- They have no experience in timeshare cancellation.
Take your time researching good timeshare exit companies. Read reviews, ask as many queries as you want, and enquire about how they work.
With a little extra effort, you can rest assured that you don’t end up wasting your money. And, you will eventually get out of your timeshare burden when you work with a reputed timeshare exit company.
