If you find yourself wondering how to cancel a timeshare, you are not alone. Maybe you inherited a timeshare from a loved one that does fit your needs. Perhaps your financial situation has changed since you made your purchase and maintaining your timeshare is no longer tenable. In fact, a study conducted by Ernst and Young revealed that 85% of timeshare owners regret their purchase, citing money, fear, confusion, intimidation, and distrust. But you should not feel trapped by this arrangement. Follow these tips to build a timeshare exit strategy that works for you.
Contact the Resort
The simplest method is to ask the resort about exiting. While few advertise this solution, many have solutions to cancel timeshares for a small fee. Ask, “Can you provide timeshare documentation for me to understand my exit options?” You will not collect any of the proceeds from your exit, but this path is often the safest. If there is no way to exit through the resort, move on to the next tip.
Consult a Professional Timeshare Exit Expert
You may think that selling your timeshare is the next best thing to do. However, this is not a great idea. Timeshares do not appreciate value, so this method will not allow you to make a profit. What you can do is consult with a timeshare exit expert. They will be able to give you the best advice and plan of action for exiting your timeshare. Although you may think exiting a timeshare is nearly impossible, a timeshare cancelation company can get you out of your timeshare and help leave your worries behind.
Let the Experts Take Over
You might try and take on the timeshare exit or cancellation process alone but there is no need to. A timeshare cancellation company will walk you through the process of exiting your timeshare. They will get the timeshare property title out of your name and all your financial worries and obligations will be removed.
A timeshare is meant to enhance your lifestyle and bring you joy, but it can also be a major commitment and cause financial strain. While the process may seem overwhelming, don’t hesitate to make a change. Ask yourself, “What will be best for my finances in the long run? Do I have timeshare documentation for me to make an informed choice? What is my best course of action?” Understanding how to exit timeshares legally provides you with the peace of mind that comes from the freedom you need. Call Lonestar Transfer today to get out of your timeshare!