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timeshare exit experts

The Benefits of Having a Solid Timeshare Exit Strategy

There are several costs associated with buying a timeshare. They include high upfront costs, annual fees, and maintenance fees. According to a study by Ernest & Young, 56% of timeshares reverting to the developer are due to foreclosure. Timeshare exit experts can suggest an ideal exit strategy without resorting to bankruptcy or other drastic measures. Below are the benefits of having an exit strategy for your timeshare.

Avoid High Upfront Costs

Most people who put their properties up for resale have paid much less than what they owe on expensive mortgages and credit card debt. This financial burden can be detrimental to people looking to sell their timeshare. You can avoid this if you choose the right timeshare exit strategy. Timeshare exit experts can help you quickly walk away from your timeshare.

Avoid Annual and Maintenance Fees

Annual fees and maintenance fees are standard costs with owning a timeshare. They are usually relatively small compared to other expenses involved in purchasing your property. The costs can add up and be a financial drain. In this case, having a solid exit strategy will help you avoid these fees by allowing you to quit the investment.

Avoid Additional Taxes

You must pay the IRS if you plan to sell your timeshare. The Internal Revenue Service charges taxes on your increases in property value. By using a timeshare exit strategy, you can avoid all future taxes on the rise in the value of your timeshare. It is advisable to consult timeshare exit experts to determine the best exit approach.

Save Money

You will save money if you have an excellent timeshare exit strategy. The government also charges a capital gains tax if you sell your property for more than you bought it. If your timeshare’s value increases significantly, this can reduce your profits. There are a lot of companies that will purchase your timeshare with the outstanding balance on your account. This means you will not have to pay for it yourself. Doing this will also allow you to avoid future taxes.

Now that you know the benefits of a solid timeshare exit strategy, you must explore all your options. If anything about buying or selling a timeshare is not clear to you, it is best to consult with timeshare exit experts. They can help you get out of your timeshare with the best strategy. For more details about timeshares, contact us today!

Why Trust us

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

Call our office today

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

Call our office today

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