Proven Timeshare Exit Strategies

Are you a timeshare owner looking for an exit strategy?

If you are looking to get rid of a timeshare that has been draining your finances, we can offer you relief. Despite what people tell you there are ways to get out of your contract. Some are more expensive than others, but every method is guaranteed to save you money in the long run.

Rescission Period? Get out today!

The cheapest and easiest way to remove the burden of rental properties is to cancel your contract within your rescission period. The only downside to this method is that it is extremely time sensitive, and may only be useful to recent owners.

A rescission period is an allotted “cool off” timeframe that lies hidden in all timeshare sales contracts. It guarantees the potential buyer has a short period (usually between 3-15 days, depending upon location) to cancel a contract without incurring any financial loss. Most salespeople skip this section of the contract entirely during presentations, so it’s important that you take the time to thoroughly read your copy of the contract.

In order to act upon the rescission period, all you have to do is write a formal letter to the developer stating your intent to cancel. Make sure to include your name is it appears on the contract, the date you signed the contract, as well as your contract number. To ensure the developer does not try to claim you did not send the letter within your rescission period always send the letter via certified mail.

Resell Your Property

One of the benefits of the Internet is that there are numerous avenues to explore if you want to resell a timeshare. From Ebay to certified resale companies, no matter how long you have owned a property, there are ways to connect with potential buyers.

Sites like ebay are good for owners on a tight budget. The listing fee is nominal, and you have the benefit of the site’s million+ users who might see your listing. The downside lies in the competitive nature of these sites. They are flooded with listings, and to ensure your sale you will have to take massive losses on your asking price.

If you opt to use a resale company you’re bound to have better luck. While this is a more expensive method, you can rest easy knowing that professionals are handling your sale. Just make sure to avoid any company that asks for upfront fees, and always stick with a company with a solid reputation.

There are many untrustworthy companies out there, so we would advise you to let us set you up with a company in good standing within the timeshare resale industry.

Donate Your Timeshare

This is the last option we would recommend to you, but when you have exhausted all other resources donating a timeshare is an option if nothing else. The thing to watch out for is that some charities accept timeshare deeds, but fail to legally transfer the title once the deal is done. This can result in you paying for a timeshare you technically no longer own.

If you’re going to pursue this means, we strongly suggest doing so through a timeshare attorney. He/She will make sure that all paperwork and transfers are taken care of.

 

If you want to leave your timeshare contract behind, fill out the form at the bottom of this page. We’ll set you up with a specialist who will provide a free consultation, as well as help you decide the right course of action.

 

Escape Timeshare Ownership – Before it’s Too Late!

So you’ve just gotten home from your family vacation. You had a lovely time sipping drinks on the beach, jet skiing with the kids… got sold a timeshare you can’t afford?

If you have found yourself in ownership of a timeshare, but after dedicating some time to the idea you realize you would rather back out of the deal, do not worry. Often times this realization happens with enough time left to get rid of your timeshare contract with little stress.

The key to backing out of a contract at no risk/cost is to pay attention to your allotted rescission period. This is the number of days granted to you by the contract of which you have in order to back out of your contract at no cost. Every territory has its own rescission period, so the amount of time you have to back out depends upon where your timeshare is located. For instance:

  • US: Rescission Period varies from state-to-state, but is often somewhere between 3 – 15 days.
  • Mexico: Rescission period lasts 5 days.
  • UK/England: Rescission periods vary, but are typically good up to 14 days.
  • Greater Europe: Rescission Period typically end after 10 days.

Assuming you’re within your allotted rescission period, you can get out of your contract by simply contacting the developer/resort with whom you have signed the contract, and by telling them you wish to cancel (rescind). In many cases filling out a form the developer/resort provides can speed up this process, but a written letter can serve the same purpose in half the time.

(As added protection, make sure to make a copy of the request for your own records. This will help keep you protected should they insist you sent the request after the rescission period has ended.)

If you’re trying to get rid of a contract, but the rescission period has already expired… things will be more difficult and expensive, but there is hope.

The two methods you can rely upon are to turn to a Timeshare Attorney, or to sell to a timeshare resale company.

  • Timeshare Attorney: Timeshare attorneys specialize in everything related to timeshares, from their purchase and sales, to any disputes that may arise. Like any attorney they can be quite costly, but if you find yourself in a desperate situation you will find no better option for getting rid of your timeshare contract.
  • Selling to Third Parties: There are a myriad of companies out there that specialize in buying timeshare contracts from their current owners. This method is usually the least expensive between the two, though it is not always reliable. These businesses typically purchase contracts from well-known companies (such as Disney or Marriot), but will often ignore smaller companies due to a lack of familiarity, or based upon poor reputation. There is also no guarantee that the first company you find will get the job done, and you may have to try out a few companies. Don’t worry; so long as a company is legitimate, you won’t have to pay a dime until they sell your timeshare.

If you’re feeling burdened by your timeshare don’t lose hope. There are several ways out of your contract, as you’ve just seen. Stop wasting time and relieve yourself from the burden of ownership today!

Get Out of Your Timeshare Contract Today. You’ll be Glad You Did.

If you’ve been paying attention you might have noticed that more and more people are trying get out of their timeshare contracts. The money you are spending on your timeshare is essentially money that you’re just throwing away. It is money you are simply losing, and it could be put to better use.

The rocky economic climate has been hard on every one, but what about the resorts? How are they faring during these turbulent times? You might be surprised. Florida alone has seen very little decrease in its tourism, and as we all know it is the timeshare capital of the United States. So how is the economy impacting their timeshare business? The short answer is it isn’t.

You see, Disney (and other resorts) do just fine as far as timeshares go. They get paid whether people take advantage of their accommodations or not. So don’t worry about the resorts. They aren’t worried about you.

If nothing else, the simplest reason to sell your timeshare is for that very fact. There will always be people who can afford to travel to their timeshare property, and the resorts understand this. What matters is that you cannot make ends meet so long as you’re burdened by timeshare ownership.

Consider these reasons to cancel your timeshare contract:

  • Maintenance fees. These are fees you’re paying in order to keep the timeshare in good shape whether you use it or not. And guess what; even though the economy is in the dumps, these maintenance fees are increasing in cost! Do yourself a favor, and stop paying for what you aren’t using.
  • Cost of Travel. We all know how expensive it is to take the whole family on vacation. Even if you’ve already got a paid-for room as a part of your contract, you still have to purchase plane tickets, gas, meals – whatever else. Traveling is expensive, so save your self the cost.
  • Difficult Work Schedules. With many companies letting go of employees left and right, those who still have jobs know how precious they are. Often times the workers left standing have to adopt more work as a result, making out-of-state vacations more of an afterthought.

I am sure the list of reasons can go on and on, but the most important reason is that you’re paying for something you can’t use. So take the money you would spend on this troublesome timeshare, and put it towards getting rid of your timeshare contract today.

How To Write a Timeshare Contract Cancellation Letter.

Timeshare cancellation can be a piece of cake despite what some people might tell you. The key is to getting started before it’s too late. If your contract is still in rescission, you can get out of it by simply writing a contract cancellation letter.

Do yourself a favor and go look over your timeshare contract. Do you see a section that covers something called a “rescission period”? A rescission period is the amount of time you are allowed to cancel your contract, and if you’ve acted in time you should be in the clear. (Most contracts in the US allot buyers anywhere between 3-15 days to rescind the contract)

So you’ve found your contract, and you still have time to back out. Great! So, what’s the next step? Simply, the next step is to write a timeshare cancellation letter.

There are three important bits of information you must include when writing a timeshare cancellation letter.

  • List your name, as written on the contract.
  • Your contract number
  • Date of purchase

Now, with these three bits of information in mind, simply write a formal letter stating your intent of getting rid of your timeshare. You don’t necessarily need to include your reasons for coming to this decision, but if you feel like doing so you certainly may. All that matters is that you’ve told the company you wish to cancel the contract, and also that you’ve included the three necessary bits of information I listed above.

As a final bit of advice, I would suggest that you never email or fax your cancellation letter. While these two methods will save you some time initially, there is no guarantee that the letter won’t get “misplaced” by the company in question. Always, always, always send the letter via registered or certified mail. By taking this safety precaution, you can rest assured that there is proof of your cancellation taking place within the rescission period should the need for attorneys ever arise.

Writing a competent timeshare cancellation contract while still in rescission is the best means of getting rid of your timeshare before it costs you dearly. We’ve shown you how, now get to writing. Get out from under your contract today.

Sell Your Timeshare in Egypt, and Say ‘Good Bye’ to Maintenance Fees for Good.

So. You want to sell your timeshare in Egypt, but you aren’t sure there’s a market for it? Luckily there is an audience for this kind of sale, so do not lose hope.

 

 

Not Your Average Timeshare Destination

Egypt is a country that is teeming with historical importance. It is the land of the Pharos, of pyramids, and of mummies. These characteristics make Egypt a rather exotic locale indeed. It should come as no surprise that timeshares in Egypt are getting a lot of attention.

When one considers the average timeshare owner is bound to wind up in places like Florida or California it makes sense that timeshares in places like Egypt would be a big draw for the prospective timeshare owner looking for something new and exciting. After all, every one has been to Disney World; how many of us can say we’ve stood at the base of the Great Pyramid? The fact that Egypt is such a distinct location, prospective sellers might just find that they have an edge on other timeshare owners looking to sell their properties.

As you’re well aware maintenance fees grow annually, and they get harder to pay as they increase. It’s even harder to pay those fees (and other fees associated with owning a timeshare) once you find it more of a challenge to take advantage of your property as the days stretch on. Say good bye to maintenance fees for good, and let us help you sell that timeshare in Egypt.

But, say that the fees aren’t your only concern. Maybe you’ve just seen all there is to see. No matter why you feel you must sell your timeshare in Egypt, our specialists at Timesharesecrets.com are equipped with the knowledge and resources to help you achieve this goal. Unlike most resale companies, we won’t make any kind of promises for immediate sales. We’ll also never ask you for upfront fees, as we believe we shouldn’t get paid until you sell your timeshare.