So often, the Timeshare sales pitch is so good we fall for the dream. We sign the contract, pay for it and then reality hits and we want to get out of the Timeshare contract. If you are that person, read on to find out how.
Why Timeshares Don’t Work
Timeshares can be expensive and with a fluctuating volatile economy, paying up on a regular basis can seem burdensome. The cost of the annual fees, the cost of traveling, the cost of maintenance and administrative costs can actually feel like a bad investment. Getting rid of Timeshare can become a necessary agenda if you are affected by health and medical concerns.
Inability to travel because of age or medical issues can make owning a timeshare contract pointless. The maintenance is a huge drawback since it continues to increase over time becoming less affordable. Whether you accept it or not, your holidays are controlled by availability and season. The chances of getting your holiday in a resort of your choice are very slim. Receiving finance or being able to mortgage your timeshare property is next to impossible. When you do decide to sell and find a buyer, you can never actually recover your initial investment costs. Very often Timeshare holidays are provided in places that are new and unknown and not everyone is adventurous enough to explore new areas.
How Do I Get Out of a Timeshare?
Timeshare contracts have a ‘cooling off’ period or a retraction period. During this short period, the buyer can cancel the contract without having to answer any questions. Usually, this period lasts just for a few days and exists before the contract period begins. It is wise to consult a lawyer to find an effective way on how to cancel your Timeshare or even annul the contract.
Very rarely, the Timeshare Company will offer to buy back the ownership at a lower price. Read the terms and conditions carefully to avoid losing too much money. If you are desperate to stop paying the annual fees immediately some Timeshare companies will offer to take back the contract for free. This may seem like a loss but it will save you from paying additional exorbitant amounts in the long run. Certain online sites offer a platform where sellers can find buyers for their Timeshare properties. While some sites charge a sales fee others do not. Some companies also assist to help you figure out how to Timeshare and how to cancel Timeshare.
After repeated attempts to sell your Timeshare has ended in failure then the last option is to give it away for free and enable others to use it. This way you can be spared from paying the annual fees even though you do not profit from a monetary transaction.
Timeshare contracts can be difficult to annul, cancel or get rid of because of certain terms and conditions, it is, therefore, prudent to use a Timeshare legal solution to put you out of your misery.
US Consumer Attorney 