Timeshare cancellation can save you thousands of dollars in maintenance fees and is a great way to end your vacation ownership. However, it’s important to understand your state’s timeshare rescission laws before you cancel your purchase.
The best way to get rid of your timeshare is to choose a timeshare cancellation company that has years of experience. You want a company that will help you navigate the legal and financial issues associated with timeshare ownership so that you can have peace of mind when you cancel your contract.
Legitimate Timeshare Exit Companies
It’s easy to think that timeshare exit companies are scams because of the number of them that claim to be able to cancel your timeshare quickly and efficiently. This can be true, but it’s also possible to find legitimate companies that are a great resource for timeshare owners who are trying to escape their unwanted property.
A legitimate timeshare cancellation company will offer a free consultation and explain the process of cancelling your timeshare. They will also provide you with a money-back guarantee or other type of guarantee so that you know they aren’t just looking to take your money and run.
They will provide you with a thorough analysis of your situation and give you the information you need to determine whether they are right for you. You will also be given a detailed quote that includes the fees, timeline and other details you need to decide on your next step.
The best way to select a timeshare cancellation company is to research them online. You can also talk to other people who have used a company to learn more about their experiences with them.
You should also check out their reviews to see what other customers have said about them and if they have any complaints. Lastly, you should also check out their social media and testimonials to see how satisfied they are with their service.
Rescission Period
Every state in the United States has a rescission law that protects consumers from being defrauded by timeshare salespeople. The laws vary by state, but they generally allow you to cancel a timeshare purchase within a certain period of time, typically three days.
These laws are in place to prevent timeshare salespeople from misrepresenting their product and securing your business by making false promises and excluding critical information. When a salesperson makes any of these false claims, they should be immediately fired and sued for fraud.
Oftentimes, these shady tactics aren’t even caught by timeshare buyers who don’t look closely at the fine print. For example, they may have heard about a timeshare that has no maintenance fees or restrictions on who can use the property.
They might also hear about a timeshare that comes with a high management fee, or one that requires a big upfront fee. These are both situations where timeshare buyers are often disappointed by their purchases.
These scenarios are very common, and if you’re feeling regretful about your purchase, a rescission is the right thing to do. It can help you get your investment back, and save you thousands of dollars in annual maintenance fees.
