Are you tired of wondering how to get rid of a timeshare? Well, then you have come to the right place. Our timeshare exit team are the experts in ditching a timeshare. Read on to learn more about timeshare cancellation and you.
We are the premier experts when it comes to timeshare cancellation. But did you know that we do more than that? We can also help advise you on timeshare resale and donation. We can’t help with these, but we can help you understand all of your options.
It may not feel like it, but you do have options when it comes to how to get rid of a timeshare. Before we dive too deep into the ways to get out of a timeshare, an important first step is to know and understand the type of timeshare you own.
There are four main types of timeshares. Each one is a different type of contract, and the answer to how to get rid of a timeshare may vary depending on the type of timeshare you own.
1. Points Based Timeshare. This is the most common type of modern timeshare. The points work like credit card points. Your timeshare payments buy you a certain number of points that can be put towards your vacation.
Points based timeshare boast flexibility which is usually one of their main selling points. However, the problem with them is that you don’t really own anything. In the same way that credit card points don’t equate to a partial ownership in the credit company.
This means that when it comes to a timeshare resale, your options are not great. It is hard to sell something when you don’t actually have any physical ownership in it. A timeshare cancellation is almost always a better option if you own this type of timeshare.
2. Fixed Week Timeshare. This is a more old-school type of timeshare wherein you own an actual deeded piece of vacation property. You own 1/52 of the property, and you have the right to use it on the same week each year. You can try to trade weeks or properties with other timeshare owners to get more variety.
When it comes to how to get rid of a timeshare, this can put you in a favorable position for a timeshare resale. If you own a high-demand week (like sometime in July) at a highly sought after resort, your timeshare may be worth a decent chunk of change.
If, however, you own a less in demand week (like a week in February at a beach resort) or a less sought after resort, your timeshare is probably worth less now than when you bought it. In this case, our timeshare exit team usually recommends a timeshare cancellation.
3. Floating Week Timeshare. This type of timeshare is very similar to a fixed week except that your usage is slightly more flexible. With this one, it comes down to location, location, location. The location that you own the timeshare in will determine the best course of timeshare exit.
If it is a desirable resort at a hot destination, you may be able to make some money doing a timeshare sale. If not, a timeshare cancellation is usually your best bet.
4. Right To Use Timeshare. This timeshare has some serious limitations because it is not deeded. You have simply purchased the right to use the vacation property. You don’t own it, and you have no voting rights or say when it comes to usage or development.
With this kind of timeshare, like a points-based timeshare, our timeshare exit team almost always recommends in favor of a timeshare cancellation. Trying to sell the timeshare results in a huge loss of money.
If you have decided that a timeshare cancellation is the right course of action for you, then you know how to get rid of a timeshare. You need the experts on your side though.
When you call us, we walk you through the process and our timeshare exit team reviews your timeshare contract. We also give you a clear idea of what to expect in terms of timeline and cost.
We then begin the process of getting you out of your timeshare. In some cases, we can negotiate with the timeshare company to help you get some or all of your money back. You read that right, we may be able to help you get a refund of money you have already sent the timeshare company.
Stop wasting your time and money on a no good, very bad timeshare. Instead, call us today. We can cancel your timeshare and get you out of it, for good.
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