Timeshares can be a tricky business. Maybe the allure of vacationing in a beautiful location or the enticing sales pitch made it seem like a good idea at the time. But now, you’re looking to untangle yourself from its grip. You're not alone! Many people find themselves wanting to part ways with their timeshares, and we’ve helped 1000+ families do just that since 2017. Here's a step-by-step guide to help you navigate this process.

Seek Professional Help

Navigating the exit from your timeshare can be daunting, especially if you’ve accepted timeshare “upgrade” offers. Each upgrade is often treated as a fresh contract. Hence, extracting yourself might mean wrangling with multiple agreements. This is where a seasoned professional, especially an attorney, can be invaluable.

Find an attorney experienced in contract law, preferably one with a track record of assisting clients exit timeshares. Their expertise can make a significant difference in the outcome of your endeavor.

Utilize the Recission Window

Did you know there's a brief period post your timeshare purchase where you can change your mind and cancel it? This is termed the recission period. Depending on the state your timeshare is in, this period can vary. For instance, while Kansas and Ohio have a 3-day window, Alaska offers a generous 15 days.

Understanding Recission Laws

Remember, the recission period is governed by the state where your timeshare is located, not your residential state. And, if your timeshare is outside the U.S., you'll need to acquaint yourself with that nation's regulations.

The starting of this period could either be the day of purchase or when you receive the public offering statement, a comprehensive document about the timeshare. Whatever the case, speed is of the essence, so make sure to act swiftly!

Penning the Cancellation Letter

If you are within the recission period, your next step would be to send a cancellation letter to the resort. It's not uncommon for resorts to make this task challenging by hiding their cancellation address. However, legally, they are bound to share this information. To ensure they receive and acknowledge the letter, it's advisable to use a service like USPS certified mail. Watch out for “cancellation penalties”; they often can't legally impose these.

Considering the Sale Option

Missed the recission period? Selling might be a way out. Before listing your timeshare, make sure there are no loans against it. Gauge its worth either through a real estate agent or online platforms. Although recovering your initial investment may be challenging, remember, by selling, you're avoiding future costs, which can often be exorbitant.

Listing Made Easy

Choose a reputable online site, preferably without up-front fees. Alternatively, consider approaching other timeshare owners at the same property; they might be interested in expanding their vacation duration.

Offering It Back to the Resort

Some resorts might willingly accept your timeshare back, especially if you missed the recission period. It's termed as a timeshare deed-back. It’s a straightforward, economical way to relinquish the property. When you approach them, be wary of upselling attempts. The goal is to get out, not to dive deeper!

Final Thoughts

Timeshares can become burdens rather than leisurely escapes. But with the right approach, you can reclaim your freedom from them. If this journey feels overwhelming, remember, we at "I Don't Want My Timeshare" are always here to help. Contact us and let us guide you out of your timeshare commitments.