Cancelling Your Timeshare
There are a number of reasons timeshare owners are interested in cancelling their timeshares, and there are a few different ways to get out of timeshare ownership.
Use Your Rescission Laws
Consumers who purchased a timeshare within the last few days should be able to cancel their contract using their state’s rescission laws. State rescission laws allow you to cancel your timeshare contract generally within 3 – 14 days of purchase, varying by state. Your purchase documents should include rescission information.
Using state rescission laws allows you to exit your timeshare contract for a full refund regardless of your reason for cancelling and without contest from your timeshare company. This option is always better than trying to sell the timeshare yourself since it guarantees you will get all of your money back. Making a profit on the sale of a timeshare is rare, so we always advise timeshare owners to take advantage of their state’s rescission laws when possible.
Selling Your Timeshare
You could attempt to sell the timeshare yourself. Many owners will list their timeshare on Craigslist or Ebay as a starting point. You can also try to use a timeshare broker to help you with the sale.
Using a timeshare exit company
Many timeshare owners will partner with a timeshare exit company to help them get out of their contract. We can help you find the right company for your needs by using the contact information on this page.
Up-front Fees vs. Escrow
Whether looking to partner with a timeshare exit company or a broker, consider using a company that offers an escrow payment option, rather than up-front-fees, for extra peace of mind. Learn more about escrow and how it can help you avoid scams here (link). The escrow option protects your money in the event that a company goes out of business or otherwise rescinds their money-back guarantee.
We do not sell timeshares, nor do we provide cancellation services – we provide free consultation to people interested in timeshare cancellation. To start a conversation, begin a live chat now with one of our consultants or fill out a contact form and we will be in touch. Fill out a contact form on the right side of this page, give us a call or engage in live chat for your free timeshare exit consultation.
If you purchased your timeshare more than a few days ago, we always recommend directly contacting your resort first if you are interested in cancelling your timeshare; they may have a program in place for owners.