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Timeshare Exit Process: One Size Doesn’t Fit All

timeshare exit process

March 11, 2019 – by Primo Management Group

timeshare exit process

Every timeshare exit process is unique. Here’s why.

Timeshares are like snowflakes–each one is unique. And that’s why each timeshare exit process is unique. As consumer advocates specializing in timeshare cancellation, we work with owners desperate to get out of their timeshares every day. They always want to know how long the process will take and how much will it cost. And the answer is always, it depends. Here are some scenarios we see all the time that impact time and costs.

Timeshare Exit Process: Rescission Period

Every timeshare contract comes with a Right of Rescission. This means that either party can cancel the contract for any reason during a short cooling off period. The length of the rescission period varies by location. And the requirements for rescission also vary. However, typically you must rescind the contract in writing by sending or delivering a letter to the address of the timeshare company. This is the fastest, cheapest form of timeshare exit. But it is time-sensitive. And you should follow-up after the fact, because sometimes companies will process payments or send owners to collections even after rescission is complete. You can do this yourself. We are also happy to help you with this process, including the follow-up.

Timeshare Exit Process: Timeshare Return

Some timeshare companies and timeshare contracts have return clauses and programs. These options allow you to essentially give back your timeshare under specific circumstances. You won’t get any money back, but you will be free from future obligations. These “special circumstances” are typically very narrow. And you are probably not eligible if you’re behind on maintenance fees or special assessments and if you still owe money on the purchase price. If you’re eligible, congratulations! We can help you through this if you aren’t comfortable doing it on your own. But, if you’re not eligible, read on!

Timeshare Exit Process: Resale

Some owners try to get out through the resale market. This process is its own kind of snowflake. First, your resale rights vary based on your contract and your timeshare company. Some contracts have a Right Of First Refusal (ROFR) clause. That means that any sale must first be refused by the company. Others restrict the rights of owners who buy on the resale market. So, if that’s you, your timeshare may be less attractive to buyers. Finally, your location, unit and interval plus the number of similar units on the market all matter. Of course, timeshares on the resale market sell well below original purchase price. And they can languish on the market for quite a while. So, be ready for the long haul.

Listing sites like Redweek and Timeshare Users Group are good options for sellers. Resale companies exist but can be risky. And resale scams are a real danger. At Primo, we don’t offer resale services. But we can help you if resale doesn’t work out. In fact, many of our clients were unsuccessful on the resale market and turned to us for guaranteed results.

Timeshare Exit Process: It’s Complicated

So, what if your rescission period is over? And you aren’t eligible to return your timeshare? And the resale market isn’t for you? Well, you’ve got yourself a complicated timeshare exit process. Unfortunately, this very common. Timeshare companies have a vested interest in keeping you in your timeshare and paying your fees. Many companies make it difficult for owners to navigate this process. Tactics can include stalling, intimidation, and withholding information. If you don’t know who to talk to, what questions to ask, or what your rights are, a complicated timeshare exit is daunting.

Luckily, we specialize in working with companies to get owners out of situations like yours. First, you contact us for a free consultation. Then, we’ll ask questions to help us determine what you’re dealing with and what you can expect. And you’ll ask us all of your questions. Together, we can figure this out and get you out of your timeshare. Contact us to find out more.

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.