Share This Post
How to Get Out of Your Timeshare – A Complete Guide
If you’re considering liquidating your timeshare contract, you’ve come to the right place. Whether you’ve recently entered into a timeshare contract or have owned for decades, both the decision and the steps to take aren’t a breezy walk down the beach. Getting out of a timeshare takes time, perserverance, and typically some expense for professional services. We’re here to help you navigate through these steps and make things as easy as possible.
We hope you have gained many great memories as a result of your timeshare. Luckily, we can show you how to continue traveling and staying at the resorts you’ve become accustomed to, even after you have officially cut ties with your timeshare ownership.
This guide will explain the resort industry, the timeshare exit industry, how to avoid scams when exiting your timeshare, and give a general overview of the process of terminating a timeshare contract.
Making the Decision
Beyond the legal and procedural hurdles you’ll face as you begin to unwind your contractual obligations with the developer of your timeshare resort, there are mental hurdles to overcome as well. We’ve found this to be especially true for folks who have owned their timeshare for many years. Change is never easy.
Recall the fond memories from your vacations, cherish them. Then, once you’ve come to the conclusion that you’ve truly enjoyed the past years of ownership, put some pen to paper and think about the future. Maintanence fees will only trend in one direction – up. Exchanges will only get more costly. Do your heirs want your timeshare? Can they afford it? These are all good questions to ask yourself when deciding to get rid of an unwanted timeshare.
In nearly 10 years of helping people terminate unwanted timeshares, we have yet to work with someone who regretted making the decision to get rid of it.
Unfortunately, this is a much needed section within this guide. Many firms within what is know as the timeshare exit industry are staffed with people who previously worked in the timeshare sales industry. This is due to the knowledge they possess about tactics and process inside of timeshare sales companies. As with any industry, bad apples have crossed over: they scammed people into buying, now they’re scamming people by making false promises of being able to sell or rent your timeshare.
We do not rent timeshares. We do not sell timeshares. We will not rent or sell your timeshare for you.
Any service claiming to sell or rent your timeshare for you has a high probablity of being a scam. Here’s how it works:
- You pay the firm to ‘list’ your timeshare for rent or for sale.
- Once it doesn’t rent or sell, tough loss.
The timeshare resale & rental market is hanging on by a threat and chances are, your’s will not sell. It is sometimes possible to rent your week, but between fees and hassle, it is often times a wash. A few name-brand ownerships still hold some value on the resale market, but the vast majority are essentially worthless.
Timeshares are currently for sale for as little at $1. Then there are closing costs. The fact is, people do not want to pay money to take on the burden of ever increasing maintenance fees, increasing taxes, and limited availability.
Don’t believe us? See Live Timeshare Listings for Sale Here to see for yourself…
Any firm promising to sell or rent your timeshare for an upfront cost is likely a scam. The only true way to legally & effectively get rid of your timeshare is through what is called Timeshare Liquidation.
As you begin the process of exiting your timeshare, you’re going to need to gather all relevent documents. This includes items like your deed (for deeded property ownership), your owners binder, your contract with the developer, any and all correspondence with your resort, exchange company agreements, reciepts and any other document that may be relevant.
Exiting your timeshare is very much a legal process and you should approach it as such. Being prepared by having all documents readily available will make the process go more smoothly.
Total Up Expenses
Past expenses and, more importantly, future expenses. Memories are worth something in this world, so these expenses are not a bad thing. The question is: are you willing to continue with these expenses? Remember, there are ways to continue making these memories at the same resorts for a fraction of the cost.
What was the original amount of your timeshare property?
How many years have you owned your timeshare? Multiply that by your current maintenance fee.
How many years do you plan to continue on owning your timeshare? Multiply that by your current maintenance fee…Remember that your maintenance fee today is likely more than when you first bought. It most likely will not be the same in 5 years. In 10 years.
How much were your yearly taxes on your property when you first bought? What are they today?
It is now time to act. If you are adept at navigating legal situations, you should pursue getting yourself out of your timeshare. If you’re reading this, chances are you’re not a legal hobbyist or attorney. That’s where we come in.
We’ve built up a team of dozens of industry experts to help you navigate the process of legally & permanently liquidating your timeshare. We don’t sell them, we don’t buy them, we destroy them. We offer a 100% Money-Back Guarantee once we accept your case.
Here are a few ways to get started:
Listen in on our Free Daily Webinar. It is simple & informative. You’ll learn how our process works.
Request a Free Consultion with one of our experts. This is a simple conversation to get any questions answered.
If you would like to chat immediately, give us a call at (888) 528-6630 and we will gladly chat with you.
Whatever your choice, make the choice your own and take action. We wish you the best of luck in your efforts to get out of your timeshare!