![►CANCEL a Timeshare [Tips to Get Rid of It]](/media/Article_98/Foto/big/cancel-a-timeshare-tips-to-get-rid-of-it-468.jpg)
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Most of the people who have purchased timeshare contracts become excited about the travel possibilities expressed by a sales representative.
These possibilities are usually never used. By this time, you probably realized that you spent thousands of dollars on a timeshare that is not what you or your family need.
Regardless of the reason why you feel you need to cancel a timeshare, you need to know some basic steps to dump it fast and avoiding any possible scam from timeshare sharks.
Tips to cancel a timeshare:
- Read the timeshare laws for vacation ownership where your timeshare is located. If it was purchased in Mexico, then it is ruled by Mexican civil law.
Timeshare sales are governed by the state or country you purchased and not by your residence.
Your contract must specify your cancellation grace period without incurring any penalty, as well as any resell limitations you might have.
Mexican timeshares have a five-day cancellation period, and this right is can't be waived. - If you can't cancel your timeshare, determine a realistic price for it. Don't take advice from timeshare resale companies, as they will "sweeten the coffee" and make unrealistic expectations trying to get money upfront from you to sell it.
Search for timeshare sales similar to yours on websites such as eBay or Red Week. There, you will find that timeshares lose their value by 90% or even more when sold it in the secondary market.
I know it is frustrating that you paid a lot, more, and you will not see that money coming back, but at least you will save thousands of dollars on unwanted maintenance fees. - Place ads on timeshare sites. There are many and the most important are TUG, My Resort Network, Red Week, and eBay.
The more exposure it gets, the quicker you will cancel a timeshare. Take into consideration that you will most likely receive cold calls from people claiming they have a buyer ready to pay, but you need to pay transfer fees.
Hang up immediately; if you listen to them, you might become a victim of timeshare fraud. NEVER PAY UPFRONT TO RENT, SALE, TRANSFER, DONATE, OR CANCEL YOUR TIMESHARE -I can't say this enough. - Respond to all inquiries as soon as possible. There are lots of timeshares for sale, so you need to catch them before they go somewhere else.
Have all the info available for any questions they might have. The most common questions are, "What's the maintenance fee?" or "How often can I use it?" - Don't kill the deal; negotiate. If you get a low baller, make a counteroffer. Think of the future maintenance fees you will be saving.
- Hire a closing company to do the transfer. ALWAYS use one approved by the ARDA -American Resort Development of America- to do the closing for you. The fees are between $300 and $800 USD.
NOTE!!!!!!!!!!!!!!!!!!!!!!!!!
If someone or a company cold calls you, claiming to have a buyer with tons of cash ready to hand it over to you, be careful.
These companies will usually ask you to pay for fees in advance, and later on you will discover that this buyer never existed. These companies make their money from people trying desperately to cancel a timeshare.
Remember that to cancel a timeshare, you don’t have to pay an upfront fee. Mexican Timeshare Solutions works on a contingency basis and only collects a fee if the contract is fully cancelled; otherwise, no fee is charged.
Contact Mexican Timeshare Solutions for a free consultation and full advice on your timeshare matter. It’s time for you to get away from that contract.
To receive more information about how to cancel your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662.
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Leave your comment below and share your opinion with us. To learn more about timeshare scams, go to Timeshare Exchange
In my experience it is going to be very difficult to get rid of your timeshares if you still owe money on them. Nobody is going to want to take over your debt plus be held liable for yearly maintenance fees.
me habria venido muy bien hace un par de meses, llevaba mas de 3 años queriendo deshacerme de mi tiempo compartido y eso parecia humanamente imposible
I’ve heard so many horror stories about timeshares. They are just way to expensive for what you get. And I personally wouldn’t want to visit the same place enough times to have the cost match the value. It just doesn’t add up for me.
Before making a purchase, it is very important that you understand all the financial responsibilities you have when you own a timeshare.
People should really be careful because there are a lot of predators lurking out there ready to take advantage of us. Especially those timeshare owners who are desperate to sell their shares.
I own a timeshare and if ever there will come a time when I would want to sell it then I would personally sell it to people I know. And if I can't find a buyer, I would apply for Timeshare Relief. They're an organization who will take the timeshare out of your ownership and that's it! Cool, eh?
I have a bi-annual timeshare. I'm being charged every yr. for full maint. fees. Is there anyone familiar with this setup?
siempre ser muy observador y saber decir que no antes de caer en la estafa es la clave para esto! si podemos evitar los problemas, siempre sera la mejor opcion
All well and good but what is the bottom line? Has anyone here actually been successful in getting rid of their time share burden? I paid a small company to sell / rent mine and of course they needed the money up front and to date, no results.....surprise, surprise!! I just can't bear to be ripped off yet again and there seem to be numerous agencies on the net claiming 100% money back guarantees....how do you know who to trust in this business?? HELP Please!!
I'm desperate, I need to cancel my timeshare as soon as possible, i have tried to do it for very many ways but nothing has gone as expected
I bought a timeshare at Sunset 2 years ago. Of course what the salesperson said and promised was a lie. Two days later I personally talked with a manager and told them I wanted to cancel, gave them my book etc. Manager said ok. Found out later when I was back home in the states and I called the credit card company to find out if I received my refund they told me that it wasn’t canceled. I have been around the block many many times on this situation that it kills me to think about it. I’m stuck with a timeshare I don’t want and can’t even get a week when I wanted to make reservation. Please stay away from the timeshare gimmick.
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