Tips to Getting Rid of a Timeshare Legally

A timeshare will not be beneficial to you if you don’t go on holidays often. If you have been asking yourself this question, how do I exit my timeshare? This article is for you. The truth is that some resorts will allow you to do it with ease while others won’t. Check out how to go about it legally.

The ease of canceling the contract depends on the time you purchased the timeshare. If you bought it like a week ago, you can check the rescission period. The rescission period is a grace period that sellers grant buyers. They can rescind their decision during this period, and it is usually a one to two-week period. You only need to send an official letter to the resort stating clearly that you will like to rescind your purchase and it will be done. You won’t be required to offer explanations.

If the rescission period has elapsed, you can use the following options:

Sell your timeshare

You can sell your timeshare to recover the money you used in buying it. You should, however, know that you will not get the full amount for which you purchased it. You can easily get a buyer if you quote a lower price. Some websites allow you to list your timeshare at a fee. Others do not charge anything as well.

Ask the resort if you can sell it back to them

Look through the paperwork to see if the resort has mentioned anything on it. If they talked about buybacks in the contract, call the resort to ask if they can buy your timeshare. Ask them about the terms. If possible, offer to sell it at a lower price. If they have no buyback terms, ask them if they will take it back for free. You will be losing a lot of money, but you will also be avoiding all the annual fees. These fees add up pretty quickly.

Give it away for free

You will be incurring a lot of debt if you keep a timeshare you won’t use. The annual fees can be huge, and that can leave you in debt. If you are having a hard time getting rid of your timeshare, it will be a good idea to give it out for free. At least, you can save yourself from accumulating debts. Some forums match people who want to give out their timeshare with people who want one for free.

Get an attorney

If you are asking yourself this question, how do I exit my timeshare? This is another option. An attorney can study the contract and help you find a way out. Ideally, get an attorney that specializes in this kind of contract law so that the process will be swift.

Use a timeshare exit company

Instead of using one attorney, you can employ the services of a company that specializes in helping people get rid of their timeshare. Choose a company that has proven results. Remember that you will be spending money on fees and it is essential that you choose a company that will get the work done. For more information, visit:

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