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Timeshare Exit Basics

Timeshare Exit Basics

April 5, 2019 – by Primo Management Group

Timeshare Exit Basics

Understand timeshare exit basics to get out of your timeshare as fast as possible.

Timeshare cancellation is complicated, so let’s get back to timeshare exit basics. For most of you, buying your timeshare was the easy part. Maybe you attended a sales presentation and the sales rep walked you through everything step by step, gave you champagne to celebrate, and even gave you a “free” gift. But eventually, reality set in. Payments and maintenance fees were more than you could afford. Or the reservation system was so confusing that you couldn’t even schedule your vacation. So you decided to get out.

And that’s when things got even more complicated. At Primo Management Group, we specialize in helping people get out of their unwanted timeshares. Let’s break down the timeshare exit basics to help you get out as easily as possible.

The Quick Getaway

The fastest, easiest way to get out of your timeshare is to do it during the rescission period. The rescission period is a short period of time right after the contract is signed during which either party can cancel the contract. These cooling-off periods help consumers like you who got in over their heads during a high-pressure sales presentation. But the rescission period is short, usually between 5 and 10 days. And the terms of rescission vary by state. Check out this chart for more information. However, in general, you need to send a letter of rescission to your timeshare company within the time period specified.

So, if you’re still in that rescission period, all you have to do is write a letter and send it to the address listed in your contract. If that sounds too complicated, Primo Management Group can make it even easier! Give us a call and we’ll help you write your letter to ensure your contract is cancelled the right way.

The Long Haul

If your rescission period has ended, you can’t just cancel your contract. Instead, you have to find a way to get your timeshare company to release you from your contract. And unfortunately, that’s easier said than done.

Deed Back Programs

If you’re lucky, your resort may offer a program that allows you to easily give back your timeshare. You won’t get any money for it, but you will be free of future fees and obligations. To qualify for these programs, you usually have to own your timeshare. So if you’re still making payments, you won’t be eligible. And most resorts require you to be up to date with all maintenance fees and special assessments.

The Timeshare Exit Partner

So, let’s say that your rescission period is over and your timeshare company is unwilling to work with you to exit your contract. In this case, you probably need a timeshare exit partner to help you get out. Of course, not all partners are created equal. Some will take your money and not get you out of your timeshare. Others will drag their feet while you make payment after payment with no guarantee of results. Look for a firm that specializes in timeshares, has good reviews from the Business Consumer Alliance, and offers 100% money-back guarantee.

At Primo Management Group, we meet all the above criteria. We offer a free no-risk consultation during which we’ll explain our timeshare exit basics. You’ll know exactly what you’re getting into. And we guarantee results. Contact us today!

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