How To Get Rid of a Timeshare?

How To Get Rid of a Timeshare?

At Easy Timeshare Relief, we live off answering one question: How can I get out of a timeshare? Many have debated how to get out of a timeshare, but this should provide clarity on what your options REALLY are. We specialize in finding the BEST solution for getting out of a timeshare. In order to do that, we need to know what our options are.

Timeshare Cancellation

Many refer to the first option to get out of a timeshare as “timeshare cancellation”. But wait, isn’t getting out of a timeshare the same thing as timeshare cancellation? Well, that depends on who you ask.

Timeshare cancellation in this context refers specifically to one party breaching the contract, resulting in a cancellation. However, under this scenario, depending on who breached and what the breach was, this approach can create additional liability.

With timeshare cancellation, you’re basically just ignoring your contract. This is UNLESS you can prove that the timeshare company was the one to breach the contract first. If you can prove that, timeshare cancellation can be a very attractive option. If not, it can land you in a tough spot depending on the terms of your specific timeshare agreement.

Timeshare Termination

Another option to get out of a timeshare is referred to as “termination”. Termination occurs when a timeshare agreement is ended by something other than one party breaching the contract. Remember, timeshare cancellation refers to a breach of contract that ends the agreement.

Termination can happen when there are laws that the contract is in violation of, or when an owner is able to negotiate the end of the contract with a timeshare company. This typically occurs when the timeshare owner wants to get out and hires an attorney or a company like us to help. The party assisting the timeshare owner can threaten legal action based on their knowledge of current and local laws. They will then use that as motivation for the timeshare company allow the owner to get out of a timeshare agreement.

A “cooling-off” period is time some states allow for you to get out of a timeshare without breaching the agreement. Unfortunately, after this period expires, timeshare companies tell most owners they will be liable for the contract if they cancel. That’s where we come in with reminders of the laws they’re violating and what the liabilities of those violations are. This is a great method to get out of a timeshare, but you’re going to want some help with it.

Selling Your Timeshare

Cancellation and termination are great options, but let’s talk about some alternatives. When it comes to getting out of a timeshare, your research will bring about some options that in most cases are much less attractive. One of these options is the idea of selling your timeshare.

Many companies will tell you that cancellation/termination are impossible ways to get out of a timeshare. They may tell you instead there is a market for timeshares that will allow you to easily sell it. These companies won’t tell you there is a very limited market for timeshares beyond the initial purchase. This makes selling a largely ineffective way to get out of a timeshare.

I don’t think we need to remind you that timeshares are expensive. Many times the ongoing maintenance/management fees surpass the mortgage payment on the timeshare, making the value nonexistent. We’ve witnessed many owners transferring their timeshares for less than a dollar because of the exorbitant ongoing fees that never go away.

If you’re going to try and sell as a method of getting out of a timeshare, you at want to make sure that you’re aligning with the right help. There are many companies that tout themselves as timeshare cancellation services but will suggest that you sell your timeshare and will require a listing fee to do so. They may even require a consultation fee as well. They’ll sell you on the value of paying for this with the same tactics the timeshare salesman used to get you to buy in the first place. If this is the case, RUN. You don’t want to align with one of these companies.

If you’re going to try and sell your timeshare, you need to work with a company that will be transparent about the value of your timeshare. They should also agree to accept payment if and only if the timeshare sells and you’re out of it.

Transferring/Donating

If all else fails, you can always transfer or donate your timeshare. Transferring can be appealing if you’re mortgage free, and the fees alone are too expensive to maintain. However, this doesn’t result in you getting any money back. Also, a lot of times the transfer will either not be recognized by the timeshare company, opening you up to liability much like timeshare cancellation can if not done properly.

If your transfer is recognized by the timeshare company, you’ll need to get ready for some fees. Transfer fees are not an uncommon way for timeshare companies to squeeze money from you on your way out.

In recent years, lawyers with clients looking to get out of their timeshare have been filing lawsuits against timeshare companies. As such, the lawsuits have spotlighted questionable sales tactics used by many timeshare company salespeople. This has made the timeshare companies slightly more agreeable when it comes to identifying a solution for you to get out of a timeshare. In most cases though, you’re still up against a multimillion dollar company money invested every year in attorneys that are paid to protect them from losses.

Now that we’ve covered the different ways you can get out of, or cancel a timeshare, look no further. At Easy Timeshare Relief, we offer solutions that require 0 money up front. We also offer a guarantee to ensure that you get the best option to get out of a timeshare. Give us a call today, and let’s discuss your options!

Want to learn more about Easy Timeshare Relief and the services we provide? CLICK EASY TIMESHARE RELIEF COMPANY.