What if we told you you could become the owner of your dream vacation resort? The first thing you’ll say is, “What nonsense!” As hard as it is to believe, it’s actually true. With timeshares, you can own a portion of your favorite vacation resort. It could be a condo, a reserved room that’s just for you and your family, or a specific portion of the property. It sure sounds fun. But it doesn’t remain fun for too long, and soon, it may even become your biggest financial nightmare. If you’ve been looking into how to escape a timeshare, you’ve come to the right place.
Whether you’re going through a financial crisis or you’ve gotten bored of the vacation resort, exiting a timeshare can help reduce your financial burden. This blog will discuss some strategies to help you exit a timeshare without facing consequences.
Opt-Out of Contract During the Rescission Period
The rescission period is a short timeframe after you sign the timeshare contract, during which you can exit the contract without causing any legal trouble. It can be anywhere between 3 to 15 days. If you’re having second thoughts or aren’t sure how your finances may turn out over the next few months, you can simply cancel the contract and get going. However, the rescission period varies by state; you must enquire about it beforehand. You only need to write a cancellation letter and send it to the cancellation department.
Negotiate with the Resort
Although this isn’t the best way to exit a timeshare, it’s still worth giving this option a shot if the rescission window has ended. Many timeshare contracts have a deed-back clause that allows you to return your timeshare to the resort. Go through your contract to check if there’s a deed-back clause. If there isn’t, try talking to the manager to see if they’re willing to take your timeshare back. In some cases, you may have to provide an added incentive for the resort to consider your request.
Sell Your Timeshare
Another way to escape a timeshare that has started to feel like a financial burden is to sell your timeshare. However, all your dues must be clear for you to be able to sell it. If you’ve fully paid for your timeshare, get in touch with a timeshare exit company to help you determine the market value of the timeshare and connect you with parties that may be willing to purchase it. Timeshare exit companies can facilitate the entire process for a fee, but they ensure everything’s done by the book.
Escaping a timeshare isn’t always easy. If the resort refuses to cooperate and if the contract binds you to keep the timeshare for a particular duration, you may need to seek help from a professional to help you get rid of the timeshare.
Exit Protect – Your Ticket to Freedom
If you’re looking for the best timeshare exit company in Las Vegas, get in touch with Exit Protect. We’re the ticket to your freedom. It’s time you get rid of the financial burden you’ve been carrying and focus on better things. Contact our professionals today, and let us plan the perfect timeshare exit strategy for you.