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Timeshare exit strategies

Most recent ways to exit a Timeshare contract

Use the rescission period

For those who just bought a timeshare

Cost: less than a dollar

Try a timeshare deed-back

For timeshare agreements with a buyback program

Cost: free

Hire a contract law attorney

For timeshares with multiple contracts

Cost: $4,000 to $15,000+

Sell your timeshare on the resale market

For those who paid off their timeshare loan

Cost: $300 to $700 for closing costs

Find a timeshare exit company

A timeshare exit company is your likely last resort for getting out of a timeshare. Only if the other methods are unavailable should you consider working with a company that specializes in complicated timeshare exit procedures.Since there are many timeshare exit company scams on the internet, here are a few tips for how to find a legitimate contender:

  • Search for a company with a proven track record. Check their website to see how many years they’ve been in business and if they have testimonials.
  • Check third-party reviews. Search for the company name on business review platforms like Yelp to see if there are any customer reviews.
  • Avoid companies that ask for payment upfront. This is a red flag that the company is potentially a scam. 

Keep in mind that exit companies do what you can do yourself, but simply free you from the headache of communicating with the timeshare developers.

Sell your timeshare on the resale market

If your rescission period has expired and your timeshare developer doesn’t offer a buyback program, take matters into your own hands by selling your timeshare on the resale market.Keep in mind that this option may only apply to those who have completely paid off their timeshare. Timeshares still tied to loans will be listed as “encumbered.” Here is a step-by-step process for how to get rid of a timeshare that’s paid off:

  • Check if your purchase agreement allows you to sell directly to a new owner or if your timeshare developer has first dibs on buybacks via a “right of first refusal” (ROFR) clause.
  • If it is eligible for resale, find out how much it’s worth by looking at the price of timeshare listings similar to yours. Pay close attention to similar locations, square footage and amenities. 
  • List your timeshare on an online resale website like thetravelersguide.com and beware of companies that charge hefty fees to list on “exclusive” websites.
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