How to Cancel Your Timeshare and Save Money

Smart Strategies to Cancel a Timeshare and Cut Costs

Maybe you didn’t always dread seeing your savings dwindle as your timeshare payments and maintenance fees were taken out. But somewhere along the way, you started feeling trapped like 85% of all timeshare owners. And who could blame you, really? The average cost for a one-week stay at a timeshare these days is an amazing $21,455. Timeshare cancellation can be a bit tricky to navigate, but there are exit strategies that work. Here are a few options to help you take ‘cancel timeshare’ off your to-do list.

Use The rescission Period

If you’re still very early in the timeshare process, there is a very short window of time where you can rescind your buying decision and walk away. This stretch of time varies by state and may be just three days (in states like Indiana) all the way up to 15 days (in Alaska). It’s also important to remember that the rescission laws apply where the timeshare is located, not where you live as the buyer. Review all of your timeshare documents and research your state’s laws to find out if you can use this as an out or not.

Deed-Back

Some ways of getting rid of a timeshare are surprisingly simple and straightforward. One of these is simply asking the resort to take the timeshare back. This is a legal and low-cost way of canceling your timeshare and should be available in most contracts. If you need to cancel timeshare vacationing fast, this is a great option to investigate.

Sell Your Timeshare

If you’re past the rescission period and the resort isn’t interested in buying your timeshare back, you can always take the next best option and sell your timeshare to someone else. This is a longer-term option to cancel timeshare living as it can take a while to find the right buyer, even if you have all your ducks in a row as the seller. Still, it’s well worth investigating if you have the extra time, or you’ve run out of other viable options.

The Bottom Line

Working with a timeshare exit company can be very beneficial to help you with the process. They can aid you with the legal process and anything that may be confusing along the way. If you are ready to get out of your timeshare, contact us today!

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Why Trust us

How does Lonestar Transfer get me out of my timeshare contract?

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

How much does it cost to exit a timeshare?

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.

How long does it take to exit a timeshare?

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.

What if I'm in a Recession Period?

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.

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Why are timeshares difficult to cancel?

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.