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How to get out of a timeshare? This is a common question that timeshare owners ask every day. Read this article and find out the possible solutions to your question, how to get out of a timeshare contract.
A timeshare purchase is never a good idea. Some people buy timeshare properties with the idea of a financial investment, but people need to know that a timeshare is never a good investment at all.
You can get a better idea on what timeshares are in articles like:
Buy timeshares. What’s the big risk about it?
Time shares, are they a good purchase?
Why and how to get out of a timeshare?
There are lots of timeshare owners who are wondering how to get out of a timeshare. There are many reasons why people want to give away their timeshare purchases. Among the reasons are the followings:
- Most of the timeshare owners feel they were scammed at the timeshare presentation with false promises made by the timeshare salespeople; also, they were pressured to make the timeshare purchase.
- Some timeshare owners want to get out of a timeshare contract because they no longer can afford the timeshare payments because there are many timeshare fees involved.
- Some others realized that they were not able to use it, because making a reservation in the timeshare resort is very difficult.
- And a few more just realized that they don’t want to travel to the same place every year.
How to get out of a timeshare?
It is a fact that many timeshare owners feel desperate to get out of their timeshare purchase.
This might be difficult, but it is not impossible. There are many solutions to get out of a timeshare, not all are good options, but these are the most common:
Sell your timeshare
Most timeshare owners look to sell the timeshare first as a way to recoup some of their money. But, this is not a good option at all because the timeshare resale market is so poor, and you can find timeshares on eBay even for pennies.
There are over 500 timeshare units on the resale market. That’s why selling a timeshare is the most difficult solution.
Donate your timeshare
The timeshare donation to charity is also difficult to accomplish; there are no charity organizations that will take your timeshare property, and this is because the value of a timeshare is almost zero. Also, these organizations don’t want to carry the timeshare maintenance fees.
Rent your timeshare
Timeshare rentals most of the time are another timeshare scam. There are several timeshare rental companies that promise to rent your timeshare weeks, but they ask you for an upfront fee to list your timeshare.
Transfer your timeshare
A timeshare transfer is a very difficult process too. You will end up paying more timeshare fees to transfer your timeshare, and if for some reason the process is not done appropriately, you will still own it.
What is the best solution to get out of a timeshare?
Certainly, the best thing you can do to know how to get out of a timeshare efficiently is to cancel your timeshare contract.
Cancelling a timeshare has many advantages; you can relieve yourself of the timeshare annual fees and payments, and the timeshare financial obligations attached to the resort will be gone.
It is also important to exercise caution when cancelling a timeshare. This is a complicated process that requires help for timeshare experts, and there are timeshare cancellation companies that take advantage of timeshare desperate timeshare owners asking them upfront fees, and as soon as people pay them, they won’t hear from them again.
This is a gold rule: Never pay an upfront fee to cancel a timeshare.
Mexican Timeshare Solutions is a company that doesn’t collect any upfront fee until the cancellation of the timeshare contract is done.
As specialists in the timeshare industry, we offer help fast, and the cancellation of your timeshare contract is guaranteed.
Contact us for a free consultation on your timeshare matter, and get ready to finally answer your question about how to get out of your timeshare contract.
To receive more information about how to get out of a timeshare, send a WhatsApp to +52 333 239 6589, fill out the form in the contact section or call us at +1 714 277 3662.
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Getting Out Of Timeshare Contract: The Truth About it
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Fantastic story and you are completely right about timeshares being a waste of money. The sales reps will do anything and everything to get the sale and unfortunately the comment about Stockholm Syndrome is scarily accurate. Timeshares may be right for some people, but the majority should stay FAR away.
I am interested in learning More about the process. My wife and I are sick of paying for this time share that we don't use and won't use. We signed up Two years ago and never used it. When we tried to use it to go to Mexico This past April we found out that going through the Hotel was actually a better price. There is no set place for the time share since you can go to any of their participating Hotels around the world. Please your advice would be greatly apreciated since now we are about to have a baby and can't afford to continue to make the payments with the new addintion
Please stay away from any enticement to attend a presentation at the Grand Miramar Spa & Resort. No matter what they offer you, it isn't worth spending a day of your vacation. I made the big mistake in May this year, of purchasing 2 weeks as it is a beautiful hotel (way up on the hill, so not convenient to town or the beach). After 5-6 hours for the presentation, and being pressured and deceived into believing they could sell my 3 US timeshares for more than I had paid for them, and being offered quite a few champagnes & beer for husband, I said Yes and signed their Contract. They offered me $1600 per week if I did not want to use my unit and $6400 for attending the presentation. You can buy timeshares on-line for pennies on the dollar, or for just taking over maintenance fees as I found out when we returned from our vacation. After reading all the complaints about fraud on-line, I did cancel within the 5 business days allowed by Mexican Law, but they are denying my cancellation and have just put my application/contract "on hold". I have disputed this with my credit card company, but when Mexico wrote and said they would not accept my cancellation, my bank added the amount back to my credit card. I am forced to go to the Mexican Consulate "Profeco", to try to get them to refund several thousand dollars.
Need advice on selling or giving away timeshare? My wife bought one years ago, it's paid off but we have never used it and would like to get rid of it.
looking for info on how to get out of timeshare. have brought and paid for timeshare in cabo san lucas at the villa group. no longer can afford maintaince fees or even to use anymore. any suggestions or help? have been to a few other sites and am looking for local advice. thanks kannich
Is very annoying to stay aware of the resort that only want to rip off our money , so if you are interested to buy something , pls DO a deep research first , the timeshare resorts contracts are very tricky , so on my own opinion you need to stay away about timeshare field , good luck .
We bought one last year, and after running through all the numbers, fees, etc., we figure that what we’ve bought is a guaranteed 1800 sq ft resort room at about half price. The longer we keep it, the less the “per year” price is going to be, but — and here’s the thing — it’s never going to be for nothing, and too many people think otherwise.
I just think you have to be doing it NOT as any sort of investment but as a discount off vacationing at that place. Too many people think of it as a real estate investment. If you couldn’t afford to vacation at that resort anyway, then you probably aren’t right for that timeshare.
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