You bought a timeshare a few years back. You find that the timeshare is not bringing in the money you thought it might. I have a few helpful tips that could help. There is no need to give up or develop a headache. You just need to find the proper way of getting out of a timeshare agreement.
The first thing you have to do is know what type of timeshare you own. Take a look at the paperwork. You might need to read some of the fine print to find the information. The point is, you should know what your timeshare is worth. Knowing the value of your timeshare will help guide you into talking to the right people.
The last thing you want to say is, “I have a timeshare. I have no idea what is worth, but if anyone wants it, they can have it!”
2)The Timeshare Developer
Who did you buy it from? What company did you talk to originally? Did you buy it from someone else, a few years back, and now you are looking to do the same thing? You need to talk to the company first. Most of the time they have staff in place who can offer some guidance on how to unload your timeshare successfully.
There might be a resort management company attached to the timeshare provision. Talk to them too. Find out what to do and when.
3)The Exchange Company
Find their number and talk to them. You can even go online and leave a detailed message for them. This might be a good option, especially if you are unable to get in touch with the people who set the deal up. The original company might have gone out of business for some unknown reason. The exchange company should have their information on file.
What happens if I am unable to talk to the original company?
The exchange company can put you in touch with the people that can take of things in situations like this.
4)The Resort Legal Team
The Resort Legal Team was founded to help clients get the restitution they deserve. The staff will evaluate every case very carefully. They want to make sure they give their clients every option necessary when it comes to changing, selling, or canceling a timeshare.
The Resort Legal Team can even put you in touch with a legal defense lawyer if your case warrants it. They have a proven history of making sure your timeshare obligations are removed from your record. They can help you, whether you feel as though you are being taken advantage or if it has already happened. They even have a 100% money-back guarantee if your case goes unsettled. You will find the information on Resort Legal Team below.
You can try these helpful tips too.
1) read your contract to find when the “cooling down” period is. This the time when you cancel your timeshare without any repercussions. You will need to have a letter of approval from the company. You will have to write the company, explaining what you want to do. Make copies and file the copies away. You might need them if the company tries to dispute what you want to do, which they might do. It has been known to happen. Registered mail is always the best. You need to make it official
2) Does the company wish to buy it back from you? That could happen. It is very rare, but some clients have luck with it. You could also try sending it back for free. The company might agree to this. Now, you will lose a substantial amount of cash because you are sending it back for free without a refund. Remember, though the goal is to stop paying the fees. You have to decide which is the lesser of two evils.
3) You could ask around. Find someone who desperately wants one. Yes, it is the same as sending it back to the company for free. Yes, you will lose a lot of money doing it that way. However, you will no longer be liable for the payments. Once more, it could be the lesser of two evils.