A survey showed that 2 out of 3 respondents owned more than one timeshare. The survey also showed that 80% of timeshare holders were happy with their investment.
Owning a timeshare can be a great option for a variety of people. But there are instances where this may no longer be useful for you financially.
The process of canceling your timeshare is not always a simple one. That is why you may want to consider hiring a timeshare exit company to assist you.
Keep reading to find out how to find a timeshare exit company.
1. Make Sure It’s Legit
When you were looking at timeshares, you probably saw a lot of scams. The reality is that there are also timeshare exit company scams around.
These are scams that are very easy to fall into if you aren’t cautious. In some instances, these scammers may even reach out to you before you reach out to them.
A lot of timeshare exit scammers put a lot of pressure on you when speaking. They may try to manipulate you or have you sign up with credit cards.
They often use scare tactics to motivate you to take action. The reality is that no reputable timeshare exit company is going to behave this way.
Timeshare exits don’t have to be scary or high-pressure. If you notice any of these tactics being used, you should remove yourself from the situation immediately.
You also shouldn’t pay any attention to timeshare exit companies that reach out to you. You want to do an online search to find the best companies for your situation.
Reputable companies should have high-quality website that looks professional. It needs to be secure and have basic pages like an about, service, and contact page.
2. Look at the Services
The best timeshare exit companies provide a variety of things. Every situation is different, and you may need different services to exit your timeshare.
Because of this, you want to do research into the services that the company provides. Does it provide timeshare transfers or timeshare cancellations?
Lonestar Timeshare provides both options depending on what you need. This information should be clearly accessible on the company’s website.
This helps a high-quality website stand out from basic scammers. You can also contact the company directly if you have any questions.
This is common sense the process of canceling a timeshare can feel overwhelming.
3. Consider the Reputation
Whenever you go with a company, you want to choose a company with a good reputation. This is a company that stands out and provides exceptional services.
The same applies when you are looking for a timeshare exit company. You want to read reviews and look at the company’s online presence.
It should have a positive online presence where its past clients have been satisfied. For instance, Lonestar Timeshare has over 18,000 happy customers.
This may have something to do with its 100% money-back guarantee. This company has also been in business for over 12 years.
These are all things that make a company stand out and add to its reputation. The longer a company has been in business, the more experience it has in its industry.
Reviews are also useful if you are in a very specific timeshare situation. You can look to see if any other past customers were experiencing the same issue.
Keep an eye out for any red flags, like a glitchy website or a lot of negative reviews. The company should have positive reviews that come from actual clients.
4. Understand How It Works
You may be wondering what a timeshare exit is. This is when you are able to cancel your timeshare so that you never have to pay your timeshare costs again.
This is an option that a lot of people need depending on the situation. You may have had your timeshare for 20 or 30 years, and you no longer use it.
If that is the case, it is a financial strain since you aren’t getting back your investment. Or you may be younger, and you have inherited a timeshare from a family member.
You may not plan on using it, so you want to cancel it as soon as possible. No matter the situation, you need to understand the process of canceling a timeshare.
Unfortunately, timeshare companies do not make this easy. That is why timeshare exit companies exist, doing all the hard work for you.
A company can help you locate grounds for a legal timeshare cancellation. This is a possibility if they promised unrealistic things regarding fees and limitations.
They may have also told you about tax benefits or used fear and intimidation tactics. These are just a few situations where you could get a legal timeshare cancellation.
This process is very difficult to navigate on your own and find success. That is why it is best to hire an expert to evaluate your situation and make your case.
5. Compare Costs
Owning a timeshare is a pretty significant investment for most people. You may have enjoyed this investment at one point, but now it is a financial strain.
It is important to understand that hiring a timeshare exit company is also going to cost you. This is not a cheap process, so you need to have a budget.
When you are researching, you also want to compare costs from different companies. The fees most likely will not be available for you to look at online.
Because of this, you may need to call and receive a quote to compare to your other options. Keep in mind that you do not want to go with the company that is the cheapest.
This is not always a bad thing, but it should not be your deciding factor. The most important thing is to pay for quality so that you can actually cancel your timeshare.
6. Have a Consultation
The final step of choosing one of these companies will be the deciding factor. This is when you schedule a consultation to speak with someone at the company.
This is the perfect time to get an understanding of how the company works. You can tell the expert about your situation to hear their recommendation.
This is also the perfect time to ask any questions you have. It is a good idea to create a list of questions so that you do not forget anything.
Here are some examples of important questions you may want to ask before hiring a company.
Cancellation Timeline
Canceling a timeshare is a task that requires a variety of steps. Because of this, the amount of time it takes can become quite extensive.
You want to ask the expert how long they think your cancellation will take. They can give you an estimate after hearing about your situation.
This is the only way to understand the length of this process since every situation is so different.
How the Process Works
Every timeshare exit company has a different strategy for clients. Because of this, it is important to ask how that company goes about cancellations.
This can give you an idea of what you should expect when the process starts. You will have realistic expectations so that you can choose the best company for your needs.
You also want to prioritize a company that is completely transparent. They should not try to hide anything or make something seem better than it is.
What Is Required of You
The final question you have should include your involvement. Although the company does most of the work, it will need some information from you.
A lot of the time, you need to provide things like the date of your purchase and a statement of your intent to cancel. The company will also need information about the timeshare source you used.
Ask if there is any involvement necessary through each step of the process. Understanding how the process works will ensure everything goes smoothly.
Timeshare Exit Company: What to Look For
If you want to cancel your timeshare, you need a timeshare exit company. This is a company that helps you cancel your timeshare mortgage with little fuss.
You need to make sure the company is legitimate and has a good reputation. Take a look at the services to ensure it provides everything that you need.
It is also a good idea to have a consultation and get a quote for the process.
Do you want to cancel your timeshare? Contact us today at Lonestar Timeshare to schedule a consultation.
