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Timeshar cancellation
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timeshare cancellation

Getting a Timeshare vs. Owning a Property: Key Differences

If you spend a lot of time vacationing in another city or country, it makes sense to want a property there that you can regularly return to. Your two options are to get a timeshare or to buy the home outright. Here’s an overview of how the two differ from each other.

Pros and Cons of Getting a Timeshare

One of the main reasons people choose to invest in timeshares rather than buy property is that timeshares tend to be the less expensive option. After all, there’s no reason to pay full price for a home that you won’t be living in year-round.

Timeshares also appeal to people on the basis of convenience. As long as a timeshare owner pays maintenance fees, it’s not their responsibility to care for a property. This enables them to spend more time on fun vacation activities and less time on property upkeep.

However, timeshares aren’t necessarily as economical or convenient as people believe them to be when they sign on. Maintenance fees in particular can be highly overpriced, with Legal Fees Deductible stating that approximately 46% of people who canceled their timeshares listed maintenance fees as the main reason for their decision. A timeshare cancellation can also be difficult if you don’t have prior knowledge.

Pros and Cons of Buying a Vacation Home

Buying a vacation home is usually more expensive than getting a timeshare. It also requires the homeowner to take care of all property maintenance on their own. However, despite these downsides, buying a home is usually a much better investment than getting a timeshare.

While owning a home costs a lot of money upfront, real estate appreciates in value, and the longer you own your vacation home, the more equity you’ll build. You can also save money by doing your own repairs or choosing cost-effective contractors to do them for you.

Owning a vacation home also provides you with freedoms not provided by timeshares. If you decide to visit your vacation home during a different time of year than usual, no one will stop you. You can also decorate the property however you like as long as you adhere to any policies set by your HOA.

Because timeshares are much less convenient than homeownership, many people regret ever getting them. It may be difficult to exit a timeshare, as the documentation for timeshare transfers can be complicated. However, a reputable timeshare cancellation company can make the timeshare exit process much easier. If you regret getting a timeshare, let Lonestar Transfer assist you with your timeshare cancellation.

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.

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