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Timeshare Rescission Tips for Quick Returns

Timeshare Rescission Tips

December 26, 2018 – by Primo Management Group

Timeshare Rescission Tips

Tis the season for returns! Check out these timeshare rescission tips to help you return your unwanted timeshare.

Sometimes our purchases don’t fit and we need to return them. And this can be especially true of big purchases where the high price tag can cause big time buyer’s remorse. Unfortunately, most big purchases don’t come with an escape clause. Luckily, timeshares do. Here are our best timeshare rescission tips to help you exercise your rights and get out of your timeshare contract fast!

Understand the Rescission Period

All timeshare purchases are subject to a rescission period wherein the buyer can cancel the contract for any reason. The rescission period exists is to protect consumers from the unscrupulous and misleading sales tactics that run rampant throughout the industry. When consumers get home, they often find that either the contract wasn’t what they thought or they never wanted it to begin with. And luckily, the law protects you. You have a small window of opportunity within which you can cancel that contract.

Know Your Rights

Because the rescission period is there to help you, the timeshare company is not going to go out of their way to tell you about it. In fact, they may go out of their way to hide rescission information. However, the important thing to know is that the right of rescission is a right and you cannot sign away this right. Don’t let anyone—especially your sales rep—tell you otherwise.

Act Fast

This is probably the most important of our timeshare rescission tips. The cooling off period helps consumers return unwanted timeshares right after purchase. As a result, you only have a matter of days to exercise this right. The length of your rescission period depends on the location of your timeshare. Make sure you know how much time you have and get moving as soon as you decide to rescind. Click here for a list of rescission periods by state.

Write a Smart Letter

Once you’ve decided to exercise your right of rescission, most states require you to submit written notification to the company. Even in cases where verbal notification is allowed, it’s best to put it in writing to protect yourself. Click here for our timeshare rescission tips on writing your letter. Most rescission letters must be sent to a designated address or be hand-delivered. Make sure your letter gets to where it needs to go. Again, timeshare companies won’t make the address obvious, so you may have go over your contract carefully to find it.

Ask for Help

Timeshare contracts are very complex and it’s challenging for consumers to understand every nuance. Even the rescission period can be confusing. If you need help exercising your rights, we can help. Contact us today for a free consultation to see how we can help you cancel your timeshare.

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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.