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  1. May 25, 2023 · To get out of a timeshare legally, consider these options: Use the rescission period. Call the timeshare developer.

    • Emma Kerr
    • Editor
    • The Problem. En español | "My parents purchased a timeshare more than 30 years ago,” began the email from Kim Seney, a recent retiree from Northern California.
    • The Advice. The very first move, experts agree, is to check with the resort itself. When you call them up, don't talk to just anyone. Ask specifically for the person who handles “deed-backs” or “surrenders” — which is when you return your property to the company, maybe for a fee of a couple hundred dollars or so.
    • The Outcome. To Seney's delight, she didn't have to jump through any of those hoops. She called the resort company, explained the situation and was told that, although there was no formal deed-back program, as long as she could send them her father's death certificate, they'd take it back.
  2. People also ask

    • Why Timeshares Can Be A Bad Idea
    • Some Statistics on Timeshares
    • Why You Might Want to Get Out of Your Timeshare
    • Summary

    You may be wondering what’s so bad about timeshares. After all, they cost much less than owning a vacation home. And much less than paying for a full vacation every year. While that may be true, there are several downsides to timeshares. Consider these negatives before you buy one.

    Despite their oft-bad rap, timeshares are still selling in the U.S. Some facts regarding timeshare sales: 1. There were $10.5 billion in sales 2. The average price was $22,942 3. Annual maintenance fees averaged roughly $1,112 Source: ARDA As you can see, timeshare sales are booming. However, that doesn’t necessarily mean you’ll want to keep one if...

    Becoming a timeshare owner may have seemed like a good idea at the time. However, things can change. Here are some reasons you may want to get rid of your timeshare.

    Timeshares are a depreciating asset. There are always more sellers than buyers. And they don’t appreciate in value. Maybe it is time for a timeshare exit strategy. The sooner you get rid of it, the more money you’ll save. You may not get your money back on the sale price. But you’ll get out of the annual fees.

  3. There are several options to cancel your paid-off timeshare. You may decide to: Sell your paid-off timeshare. Give away your paid-off timeshare. Work directly with your timeshare company to get released from your timeshare. Hire a reputable timeshare exit company to cancel your paid-off timeshare. Rescind your paid-off timeshare contract.

    • Checking the Rescission Period. If your second thoughts occur within several days of your purchase, you may be able to rescind the transaction if you’re still within the “rescission period.”
    • Contacting the Timeshare Resort. If rescission isn’t possible because too much time has passed, another option you may be able to take advantage of is a “deed back” program.
    • Reselling The Timeshare Yourself. If you’re considering reselling your timeshare, it’s probably best if you don’t go into it with hopes of making a killing.
    • Reselling the Timeshare Through a Broker. If you opt to resell your timeshare, another option is to hire a real estate broker or agent who specializes in reselling timeshares.
  4. Apr 13, 2024 · Fortunately, many legitimate options exist for getting out of a timeshare, especially if it is paid off. Ensuring you understand each can help you choose the right strategy for your situation. In alphabetical order, here are the top ways to legally sell your timeshare.

  5. Nov 30, 2023 · The journey of exiting a timeshare can be fraught with obstacles and misinformation. However, armed with the right information, you can transform a seemingly daunting process into a manageable and successful endeavor.

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  2. Stop Paying Maintenance Fees for a Timeshare. Get Your Free Quote Today! Use our convenient platform & sell timeshares, fractionals and vacation clubs.

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