According to Forbes, the average yearly timeshare maintenance fee is about $660. If you have regrets about the timeshare purchase you made recently and you are wondering how to get out of it, we will show you how. Here is everything you should know about the ease of canceling a timeshare.
Rescission Period
To increase your chances of success, act quickly on your regret. Timeshare cancellations companies can help expedite this. Timeshares have a rescission period when you can cancel your purchase without loss. State Laws dictate this period. You might have anywhere between three and 15 days to cancel the agreement. So, check with your state or the state where you bought the timeshare. Sellers should indicate the rescission period on your contract as laws demand.
Cancellation Process
Prepare and deliver your cancellation letter to the timeshare seller. The letter should be in an official format and include the contact details of both you and the seller, plus all transaction details about your purchase. In contrast, you are not obligated to provide a reason for cancellation, including a clear statement stating your wish to cancel.
If the rescission period has passed, you will need to find a new owner to buy your timeshare. With this arrangement, you don’t get any money back, but you get yourself out of a tight spot. For this, hire the services of one of the reputable timeshare cancellation companies available.
Protect Yourself
Before you purchase a timeshare, ensure you are familiar with the laws and all your rights. There is a lot of information about the cancelation period, policies, and procedures stated in your contract. It is best practice to read through all terms and conditions of a timeshare contract before signing up.
To avoid all the jargon and the risk of missing important details, contact timeshare cancellation companies in the region you are buying in. A professional attorney can sieve through the clauses in your contract and find you some areas of benefit or easy exits.
If you are looking to exit your timeshare, call us today to work with a timeshare cancellation company you can count on.
