We are not associated with any other company!

Phone Number

855-722-3166

Our Lonestar Transfer family is still here to help you! Thank you for your patience through this global crisis!

How Long Does a Timeshare Exit Take?

10/05/2021

Free Consultation

  • Hidden
  • This field is for validation purposes and should be left unchanged.

So you’ve decided to take on your timeshare developer and try to get out of your contract. This is much more easily said than done, and the process can depend on many different factors. Not all timeshare developers work in the same manner. According to the World Tourism Organization, somewhere around 90% of the timeshare resorts in the United States work through some kind of fee-simple ownership system. But that leaves another 10% of timeshare resorts that work through different ownership systems. Additionally, ownership systems are certainly not the only factors to consider when getting out of a timeshare contract With all of this considered, how long does it typically take for owners to exit their timeshares?

What Is The Timeline For Exiting A Timeshare?

Again, everyone’s timeshare exit is individual. You may find that yours is easier or harder to get out of than another individual’s. But on average, a typical timeshare exit will take between 12 to 18 months. Keep in mind that this timeline takes into consideration the involvement of a timeshare exit company or lawyer. The process may take much longer, or in some cases be impossible, if you try to exit your timeshare on your own.

What Factors Affect The Length of This Process?

As previously mentioned, the involvement of a timeshare exit company or lawyer can change the length of the process. Different factors that can affect the length of this process include the amount of contracts attached to your timeshare. Some timeshare owners only have a single contract attached to their timeshare, while others may add on many over time. This is because each time you upgrade your timeshare or made changes to your trips, your timeshare developer would add new contracts to your timeshare. When you try to get out of your timeshare, each contract has to be canceled. The more contracts are added to your timeshare, the longer and more costly your timeshare exit will take.

Additionally, some timeshare developers have exit programs in place, while others do not, or offer exit programs that are not beneficial to owners. Therefore, the process can be dragged out further.

This is why people often work with timeshare exit companies or attorneys. The process can be simplified with the help of these professionals; and you may find yourself with much better options in the long term.

More Timeshare News

Timeshares: What to Know Before you Commit

Timeshares: What to Know Before you Commit

Perhaps you inherited a timeshare from a family member, bought one and regretted the decision, or sold one and, due to foreclosure, own it again. You want to cancel your timeshare and do not know much about timeshare contracts. In some cases, timeshare exit and...

What is a Timeshare Typically Worth?

What is a Timeshare Typically Worth?

A timeshare value is a difficult thing to determine. It's not like a home where there is an actual asset that can be compared to other assets around it. Also, it has restrictions on its use that might not work for others trying to value it. If wondering how do you...

Advice to Get Out of Timeshares

Advice to Get Out of Timeshares

Timeshares have widely been embraced, with the number of families estimated to own timeshares being over 9.9 million. A timeshare is a form of real estate ownership in which one or more buildings are jointly owned and subsequently rented out to vacationers for short...