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.