Maybe it’s because your recent special assessment fee was huge. Maybe you’re tired of maintenance fees increasing every year. Maybe you never use it, are getting divorced, or don’t want your children to inherit a financial burden. Whatever the reason – you want to get rid of your timeshare.
First off, it’s important to know you are not alone. A study by Dr. Amy Gregory of the University of Central Florida discovered that 85% of buyers regret buying a timeshare. In addition, 41% of buyers never thought they would regret it – but end up regretting buying a timeshare after all (source). Feel familiar?
If your answer was yes, your next question might be “Is it even possible to get rid of my timeshare?” Afterall, owning a timeshare is a legal and financial obligation. It is a signed contract. How does one go about legally breaking a contract without being penalized?
We’ll give you the bad news first. Timeshare contracts are typically written as ‘in perpetuity’ contracts. In layman’s terms, that means forever. Unfortunately, that doesn’t just mean for the entirety of your life. When it comes to timeshare contracts, it means the lives of your beneficiaries, their beneficiaries, and so on. It’s a never ending cycle.
But don’t worry. Here’s the good news – it is absolutely possible to get out.
Now that you know it’s possible, your next question is probably “how do I do it?” If you’ve tried Googling, ‘how to get rid of my timeshare,’ you’ll get countless ideas – as well as some potential scams you’ll need to watch out for. You might see companies trying to help you sell or rent your timeshare, advice on cancellation letters to write your timeshare company yourself, and timeshare lawyers. It can feel really overwhelming and confusing, especially if you already feel like buying a timeshare was a mistake or if you feel like you were misled into buying a timeshare in the first place. So what is the best and easiest way?
The easiest way to get rid of your timeshare is to use what is called a timeshare cancellation service.
What Is a Timeshare Cancellation Service?
A timeshare cancellation service is a team of timeshare cancellation experts who are 100% dedicated to canceling your timeshare. They negotiate with your timeshare resort on your behalf to get you out of your timeshare contract – legally and permanently. Timeshare cancellation companies usually have a team of timeshare cancel professionals who are well-versed and are experts in the often complicated laws and confusing nature of the timeshare industry, as well as being well-acquainted with the main players and representatives in the industry all over the world. In essence, they know the timeshare industry inside and out. They know what to look out for, what the pitfalls are, when someone may be trying to take advantage of the situation, and what the intricate legalities and regulations are. Bottom line: they know how to get you out of your timeshare contract.
One important distinction though is that timeshare cancel professionals are not timeshare lawyers. That is because most timeshare cancellation services negotiate with your timeshare company and are not filing lawsuits or suing your timeshare resort. However, many timeshare cancellation companies can work with timeshare lawyers and may bring them in to help with negotiations when necessary. For this reason, working with a timeshare cancellation service is often a best of both worlds scenario, since all timeshare contract cancellations don’t necessarily need a lawyer.
It is also important to know that a timeshare cancellation service does not sell or rent your timeshare. While not impossible to sell a timeshare, the resale market is very small and it can be hard to even give timeshares away due to the ongoing perpetual fees that continue long after a mortgage is paid off. In addition, it’s important to know that the Federal Trade Commission (FTC) has issued a warning against the existence of some timeshare resale scams.
Why Is a Timeshare Cancellation Service the Easy Way to Cancel a Timeshare?
So now that you know what timeshare cancellation companies are and what they do, why are they the easiest way to cancel a timeshare? Here’s a breakdown on why working with a timeshare cancellation service is the simplest way to get rid of your timeshare – legally and permanently.
- Let Someone Else Do All the Work
Trying to cancel your timeshare on your own is a lot of work. It can mean months of research. Months of writing letters. Months of making phone calls and being put on hold. Months of potentially being given the runaround. Months of potentially being fed inaccurate or misleading information – and not knowing it. Months of countless follow-ups. Months of complex and seemingly never-ending negotiations or rejections. Months of waiting for your timeshare company to respond to you. Months of being transferred to different customer service representatives. Just reading all that can be exhausting. All combined, it can potentially take anywhere from 6 to 24 months worth of consistent work to get rid of your timeshare legally and properly. That’s a lot of time to spend between your normal day-to-day responsibilities and personal commitments. Unfortunately, there is no quick fix, and if someone is promising you a quicker turnaround, that can be a red flag.
While you can absolutely do all of this work yourself, unfortunately doing all of this work on your own doesn’t even guarantee you can actually get yourself out of your contract. While not absolutely impossible, it’s important to know that it can be very hard to get out of a timeshare on your own. Timeshare developers have you in a legal contract, and if you are past your rescission period, they are not required to let you out upon requesting a cancellation. Is it worth your time to spend countless hours – and maybe even years – trying to get out of your timeshare without being guaranteed results? Or would you rather hand off all of this busy work to timeshare cancel professionals – experts who know the ins and outs of the industry and can take all of this work off of your plate?
To put your mind at ease, you can always try to do it yourself, and if that is taking too long or you run into any roadblocks, you can always turn to a respected timeshare exit company to get the timeshare relief you want. However, the downside of this option is that this means you are potentially paying your mortgage and/or maintenance fees for a longer period of time.
- Feel Confident in Your Decision
As we mentioned above, there is no quick fix to getting rid of your timeshare legally and permanently. On the low end, you can expect it to take 6 months, and on the upper end, it can take upwards of 18 to 24 months. Timeshare cancellations are very involved, complex, and complicated. If you are trying to cancel your timeshare yourself, that is a lot of time to spend second guessing the process, questioning what you are doing, and wondering if it will work. This is also time you are spending paying your timeshare mortgage and maintenance fees month after month – and potentially your annual special assessment fees as well.
When you work with a reputable timeshare cancellation service, you can feel confident that you are working with a timeshare cancel professional who has seen it all and can expertly navigate you through the ups and downs of what is often a complicated timeshare exit process. You won’t have to spend hours conducting research to try to figure out if you are encountering industry norms or if you are being given the runaround. You can sit back, let the experts handle it, and feel confident in your decision. This leads us to the next reason why using a timeshare cancellation service is the easiest way to get rid of your timeshare – expert advice.
- Get Expert Advice
In a landscape that can be full of conflicting advice, it can feel challenging to know what and who to believe. A straightforward way to navigate through this landscape is to work with a respected timeshare cancellation company. An expert and qualified timeshare cancel professional has experience canceling thousands of timeshare contracts across a wide variety of timeshare companies and resort locations.
One important tip – make sure the timeshare exit business you are working with has experience canceling a timeshare contract with your specific resort. The details of how to get out of a timeshare contract can vary between different timeshare resorts, so this is a way to know that the company you are working with already knows the ins and outs of your particular process, situation, and contract. Not all timeshare resorts and timeshare contracts are the same.
A qualified timeshare cancel professional will serve as your advisor and primary point-of-contact through what can sometimes be up to a two-year process in some instances. In that time period, you are bound to encounter questions, and your timeshare cancellation expert will be able to answer these questions for you based on real-world experience with your specific timeshare group. They will know what is normal for your company, what’s worked before, what tactics and approaches haven’t, and what the industry regulations are. In addition, if you’re having trouble making payments or are wondering how specific actions might affect your credit, they can lay out the pros and cons for you and help you decide what the best solution for your circumstance is.
Here’s the bottom line: you can spend countless hours Googling answers to your timeshare cancellation questions – or you can get expert guidance and advice from a timeshare cancellation specialist.
Bonus tip: we recommend working with a timeshare cancellation company that provides you with a single, dedicated representative. That way you will have continuity throughout the cancellation process and will be able to have a personal one-on-one relationship with your advisor.
- Connect With the Best Timeshare Lawyers
At this point, you might wonder why it might be easier to work with a timeshare cancel professional instead of a timeshare lawyer. The reason is twofold. First off, timeshare cancellations are not lawsuits. In the absolute simplest and broadest of terms, timeshare cancellations are negotiations. It’s a negotiation because, as we mentioned above, a timeshare company is typically not legally required to let you out of your contract (unless you are still in your state’s rescission period).
While it is advised for some timeshare cancellation negotiations to be spearheaded and handled by a timeshare attorney, the fact of the matter is, not all situations and contracts need a lawyer involved. For example, if you have paid off your mortgage completely and are not overdue on any of your monthly, annual, and/or special fees, you might be able to cancel your timeshare through what is called a real estate title transfer. The upside of this process is that it is typically quicker than an attorney-based negotiation. While attorney negotiations can take upwards of 24 months (although they are typically faster than this), real estate title transfers typically take 6-9 months to complete. On the flip side though, a real estate title transfer typically requires a transfer fee to be paid to your timeshare company in order to “give back” your deed and ownership to the resort. An attorney-led process doesn’t typically involve this kind of settlement/negotiating fee (except in a small number of cases).
Timeshare cancellation specialists are one-stop shops. No matter the process – whether you need help with your real estate title transfer or end up needing to work with a timeshare attorney, a qualified timeshare cancellation company can help you cancel your timeshare. And what if you aren’t sure which process is right for you? Well, timeshare cancellation experts can also help you navigate your particular situation, and help you decide which process is best for you.
If you do end up needing to work with a timeshare lawyer, an expert timeshare cancellation company also works with some of the top timeshare lawyers in the industry. A reputable timeshare cancellation service has vetted these lawyers and worked together with them on tens of thousands of cases. They also have inside industry knowledge, knowing which lawyers to work with on which cases. While timeshare cancellation attorneys are not law firms and don’t have timeshare lawyers on staff, they do have deep relationships with timeshare lawyers and will bring them in on your case if your situation requires it.
So while you can work directly with a timeshare lawyer to try to cancel your timeshare, an experienced timeshare cancellation company is a best of both worlds solution. Timeshare cancellation companies can handle your timeshare cancellation if you don’t need a lawyer, and if you do need a lawyer, you can save you a lot of time interviewing and researching a good one because a reputable timeshare cancellation company already works with some of the best.
Bonus tip: A reputable timeshare cancellation company will do a thorough intake and onboarding process with you to learn the details of your case before you sign up for their services. During this process, a professional timeshare cancellation specialist should absolutely be able to inform you if your case will need a lawyer or not. Any fees you are paying when signing up should already include any lawyer fees and any and all service fees. Attorney fees should not be sprung on you midway through the process. The only fees that your timeshare cancellation fees will potentially not include are any transfer or settlement fees you may have to pay to your timeshare resort directly in order to cancel your contract.
- Proven Track Record
Another reason working with timeshare cancel professionals is the easier way to get rid of your timeshare? A proven track record. An expert and reputable timeshare cancellation company has years of experience and has already canceled thousands of timeshare contracts. They know the ins and outs of the system, the intricacies of the various timeshares, and all of the major players and key representatives.
When deciding which reputable timeshare company to work with, ask your point of contact if they have canceled a timeshare contract with your specific timeshare resort before. If they have not, we recommend working with a timeshare cancellation company who already has. While it may seem that all timeshare resorts and contracts are the same, they can vary greatly. Different timeshares have differing standards, processes, procedures, terms, and management styles. Working with a timeshare cancel professional who has worked with your timeshare resort before will not only help you increase your chances that your contract will be canceled, but also increase your chances that it will be canceled as quickly as possible.
- A Whole Team of People Will Have Your Back
Why hire one person when you can have a whole team of people working on your behalf to cancel your timeshare? Instead of trying to do the work yourself, working with a self-employed timeshare cancellation contractor, or working with an individual timeshare lawyer, have the weight and experience of an entire business dedicated to timeshare cancellation behind you. A large, national timeshare company will have a diverse group of employees who are experts within their various fields and specialties. They will also have a large and expansive catalog of timeshare resorts that they have already worked with to cancel timeshare contracts. On the flip side, timeshare resorts will already be familiar with and have relationships with a large timeshare cancellation company. This can help signal to your timeshare resort that you mean business. Having a big, vetted company behind you and your case can also help protect you. There can be strength in numbers.
Just because you have a large team behind you though, it doesn’t mean you can’t still experience personalized service. When choosing what timeshare cancellation company to work with, make sure you choose a company who gives you a primary point of contact. We recommend having some kind of case manager who will check in with you regularly and who is available to call directly throughout what can be a lengthy and involved process. This way you get the weight and strength of a major player in the timeshare cancellation industry without the impersonal nature of larger businesses. This can also ensure that you don’t have to explain your situation to multiple reps over and over again. Having one primary case manager can make the process a whole lot easier.
Bonus tip: When choosing a timeshare cancellation company, it can be a red flag if a company’s prices are too low, if you recognize high-pressure sales tactics, or if they ask for payment prior to a signed contract. You want to work with the best of the best. Also, work with a company who can guarantee they can get you out of your timeshare – because they have already done so for thousands of other customers already.
- Money Back Guarantee
And this brings up to our last reason working with a timeshare cancellation company is the easiest way to get out of your timeshare – a 100% money back guarantee. A reputable timeshare exit business should be able to stand by their service. This means that if they don’t get you out of your timeshare contract within a set period of time, they will give you back all of the service fees you paid to them. In this way, working with a timeshare cancellation company becomes a really easy and low-risk way to cancel your timeshare. If you feel confused by the timeshare industry, if you feel like you were misled into buying a timeshare, or if you feel like you were scammed by a timeshare reseller or cancellation company in the past, a 100% money back guarantee can be a great and easy way to put your mind at ease.
One thing to note though – a 100% money back guarantee does not mean that you are getting money back from your timeshare resort. That money is unfortunately gone, and a refund from your timeshare is not typically a deal point in a standard timeshare cancellation negotiation process.
How Do You Find a First-Rate Timeshare Cancellation Company?
After reading this article, if you feel like working with a timeshare cancellation company is the best move for you, it’s important to make sure you’re working with the right company. Timeshare Freedom Group ticks the boxes listed in this article and can help you get timeshare relief now. They have been canceling timeshare contracts for more than a decade, have more than 15,000 satisfied customers, have canceled timeshare contracts at most of the major resorts around the world, and offer a 100% money back guarantee. Timeshare Freedom Group will get you out of your timeshare contract or they will give you your money back. In fact, if they haven’t already canceled a contract with your timeshare resort, they won’t take your case.
Once you sign up with the Timeshare Freedom Group team, they will expertly guide you through the ins and outs of the timeshare cancellation process, as well as introduce you to a dedicated case manager who will be your primary point of contact throughout your case. Your case manager will check in with you at a minimum of once a month with updates, and is available for you to reach out to whenever you run into questions or want additional information.
Are You Ready to Get Rid of Your Timeshare?
Schedule a free consultation with one of our timeshare cancellation experts today to get started.