Getting Out of Timeshare Agreement: What You Can Do Before Talking to Timeshare Exit Companies
February 10th, 2021
Many people choose to exit their current timeshare agreements each year. If this applies to you, we have the tools to tell you how! Getting out of your timeshare is much easier than you think. Not every case will look the same, but with our guidance, you will be more prepared, and better equipped to know how to get out of your current timeshare agreement. To better prepare yourself, we have outlined some steps of what you can do before looking at timeshare exit options. Then, if using a timeshare exit company is the right move for you, we have compiled further steps that we commonly see throughout effective timeshare exit companies.
What you can do before exploring different timeshare exit options.
Compile all of your documents/paperwork including but is not limited to:
- Your current membership agreement (deed/contract)
- Insurance information
- Due date and amount associated with your maintenance fees and information regarding your last payment
- Potentially owed real estate taxes for your timeshare
- Rules and regulations of the resort/owner
Talk to your timeshare company! We suggest discussing the exit with your timeshare developer to see what options they provide you with. It is important to note, however, that they will likely persuade you to keep your current timeshare agreement. Regardless, they can give you a better idea of the extent of your ownership and could offer you simple options without a need for a third party.
Although it may be daunting, they may be more compensating than you expect. Still, it is important to keep in mind that each case and experience may be different. Your timeshare developer may not make the process easy. Additionally, your specific circumstance could require some extra help. This is where it would be wise to explore possible timeshare exit companies.