You have probably already realized that a timeshare can be a poor financial investment since it offers little or no returns. More often than not, investors are tricked by fast and sweet-talking timeshare salespersons into buying into this investment, without discussing their potential losses over time.
You will also find it extremely hard to offload your timeshare since most buyers are wary of the investment. To make thing more difficult, a lot of resorts also have several stipulations for the cancellation of a timeshare. No wonder there are numerous resources online about timeshares.
If you were to key in “how to cancel my timeshare” on a search engine, there would undoubtedly be numerous solutions that will pop up. There are also many companies that offer this service. Some might, however, be scammers out to benefit from your frustration. So, you better be careful.
For whatever reason you might want to cancel your timeshare, here are reliable timeshare relief companies that might prove helpful.
Timeshare Transfer Companies
These are private companies that offer transfer services so you don’t have to go through the tedious process yourself. They transfer the timeshare’s interest to a third party. In some cases, timeshare transfer companies have new LLCs and corporations to take unwanted timeshare since the market is already saturated.
However, some resorts will only allow transfer of their timeshares to a known entity with a proven credit rating. Note too, though, that timeshare transfer companies also only take timeshares with no outstanding maintenance fees or mortgage.
Legal Professionals and Advocacy Companies
These entities act as middlemen between a timeshare developer and owner. In most cases, the advocacy company or legal expert you choose will review your contract, and then they will use various strategies in it to persuade or sue the developer to get your timeshare canceled.
When opting for this service, you are not only paying for the solution and getting it carried out but also the extensive research that goes behind finding that solution. You get both a way out of your burdensome timeshare and the legwork carefully done as well.
Inventory Redemption Companies
These work for timeshare developers and seek inventory for resale. Inventory redemption companies could be third parties or entities connected to your timeshare resort. The success of your cancelation primarily depends on the market conditions and the availability of new purchasers.
Despite low demand in timeshares, redemption companies make it a point to resell at high costs or at least a price that does not mean too much losses for the timeshare owner wanting to sell. Their objective include ensuring your timeshare stands out from the competition of other sellers wanting to be free of draining maintenance costs.
Regardless of the reason you got a timeshare in the first place, canceling one is complicated — if not altogether impossible without expert help. Of course it would have been best to read the fine print before jumping into this financial commitment, but to get out of the situation, take your time to choose the best specialist from the options mentioned above and for the circumstances surrounding your timeshare.