A timeshare is an investment for you and your family. A typical timeshare will cost roughly around $21,140 annually. While it can be expensive, it is a worthwhile expense for many.
For others though, having a timeshare can soon become a nightmare. They may be too much to handle. The worst part is that they aren’t easy to exit.
This is why you need a timeshare exit team. Before you hire one, you need to know the right questions to ask. Read our guide below to know exactly what to ask.
1. How Long Will It Take?
Sometimes a timeshare cancellation can take a while. This is why it is of utmost importance to ask your timeshare exit team what to expect.
The reason why exiting a timeshare can be lengthy is that you’re likely to still be paying for the property. You don’t want to be dealing with past payments when you’re ready to move on.
2. Are They Ethical?
You want to be on alert when hiring a timeshare exit team. Some will be insincere, make false guarantees, and demand cancellation fees.
You want to do your research and avoid any manipulative behavior at all costs.
Thankfully, you don’t have to go far to find a quality timeshare exit company. Our timeshare exit team at Lonestar Transfer will assist you professionally and respectfully.
3. Do They Have Experience With Your Resort?
You want to find a timeshare exit team that specializes in your resort.
When you do, you can assure yourself that you’ll find a company with the best results and price.
4. How Is Their Communication?
A timeshare cancellation can be a stressful time for many.
This is why we recommend hiring a timeshare exit team with good communication skills. They will ensure that you can make a clean break from your timeshare.
5. Do You Offer Any Guarantees?
Be sure to check if the timeshare exit company offers any guarantees. You will find that some offer a 100% money-back guarantee.
While this may sound enticing at first, you don’t want any money back. You want to get rid of your timeshare ASAP.
Ask about their success rate rather than guarantees.
6. Do You Offer Any Other Services?
A quality timeshare exit team ought to offer additional services than just a timeshare cancellation. Many will offer Credit Dispute Services and relief services as well.
They’ll also be able to walk you through the default process and offer protection during the entire timeshare cancellation timeline.
7. Do They Have a Proven Track Record?
When searching for a timeshare exit team, you want to be sure that they have a proven track record. Head to their site and check out the client testimonials.
Use Google to your advantage to check to see if the company’s online reputation is up to your standards.
A timeshare exit company with positive feedback won’t shy away from showing it front and center on its site. The more research you do, the better sense you’ll get of the company to see if it’s right for you and your family.
You could also head to the Better Business Bureau to see the company’s rating.
8. What Are Your Goals?
The main focus of a timeshare exit team should be the timeshare cancellation itself. You want to be able to read the room and sniff out anything that doesn’t feel right.
For example, if it seems like they are just trying to go through the timeshare exit process just to get money from you, keep moving. You want to work with a timeshare exit team that has your best interest at heart. You want to be provided with the best option for financial freedom possible.
9. What Are the Service Costs?
You want to be prepared as possible and know what to expect when exiting a timeshare. Each timeshare will come with its set of service costs. Some will be a one-time payment while others will be several payments.
Once you’ve consulted with the timeshare exit team, you can plan accordingly and begin saving.
10. Can I Expect My Money Back?
Another question you’ll want to ask the timeshare exit team is if you can expect any money back once you’ve ended the contract. Realistically, the response you’ll get is no.
More often than not, potential buyers will be interested in a new property, not a used one. A timeshare can be a difficult property to sell on the resale market. Be prepared to lose money in the process.
11. Will It Affect My Credit?
Ask your timeshare exit team if it’ll affect your credit. The likely answer is that yes, it will. If you’ve fallen behind on timeshare payments or elsewhere, your credit score will drop.
Having a low credit score will affect your ability to get a loan in the future. Be aware of these scenarios since they can impact your life.
Hire the Right Timeshare Exit Team
Now when you hire a timeshare exit team, you know exactly what to ask. If you find yourself in a timeshare you want to exit, you can.
It may take some time, but it will be worth it for you and your family. You’ll feel that much better in the end. The good news is that you are already in the right place.
Our team at Lonestar Transfer can handle all your needs. Be sure to contact us at your nearest convenience. We’ll answer any questions you may have.