If you’ve finally decided that you’re ready to get rid of your timeshare unit, there are limited options available to you. Enlisting the services of an attorney can be quite expensive, as the process usually takes quite a bit of time to complete.
Why Timeshare Exit Companies Are Not the Route to Take
There are several timeshare exit companies, too, but you will need to research, look for favorable reviews, and find out what they charge for their services. Typically, most timeshare exit companies don’t disclose the full cost of their services until you become a client, and then the amount you’re required to pay can often run upwards of $5,000 or more.
In my experience, the best option is to deal directly with your timeshare company. They are in a position to offer you a reasonable price to get you out of your original contract if you can obtain a settlement agreement from them. The problem is, they don’t openly provide such offers, preferring that you remain under contract and fulfill your original commitment.
By enlisting a lawyer or timeshare exit company, you end up with an intermediary who will wind up putting strain on your finances even further. If you negotiate directly with your timeshare company, as I did, it’s easier, less costly, and allows you to be in control of the process.
You Don’t Have to Be an Attorney to Exit Your Timeshare
I’m sure that you’re thinking, “I don’t understand all the legal issues involved or what’s required to negotiate with my company on my own.”
That’s the thing, though. Neither did I. But I didn’t let that stop me. I decided I couldn’t afford to buy my way out with those expensive options, and I hoped my approach of getting my timeshare agency to work with me to let me out of my contract would work. And it worked perfectly, didn’t cost me nearly as much as the alternatives, and left my credit score intact.
When I first invested in my timeshare unit (over twenty years ago) with my then-wife, I had no interest in or intention to make a purchase. The agents at the seminar performed a “divide and conquer” approach and convinced my wife to sign up.
They put on a good presentation, highlighting the positive aspects of timeshare ownership (with no mention of the negative elements that would surface later). We signed and initialed a contract that turned out to be disadvantageous in terms of cost and the quality of the offerings.
I did contact some of the time exit companies years ago when there were only a few, but I didn’t feel comfortable after reading many negative comments and reviews online. I determined that we were better off complying with our contract until a better option came along.
Taking Charge: Exiting My Timeshare
Eventually, I came up with that “option,” avoiding the scare tactics and false promises that come with involving third-party companies, and took charge of the situation on my own.
It really isn’t as complicated as you might think, and only requires your patience (it is a lengthy process) and diligence (meaning that you have to stay on top of the situation every step of the way) for you to have a successful timeshare exit.
I’m going to offer you a solution, one that you might not have considered, that involves self-advocacy. Settlement agreements can be reached when the timeshare agency decides it’s in the best interests of both parties.
Visit clearpathexit.com and let us provide you with vital information on how to approach the situation, which can, as it did with me, result in a favorable outcome. You’ll find a FAQ section on our website that answers several of the commonly asked questions about getting out of your contract legally, and information that can be useful to you as a current timeshare unit holder.
I am also outlining the steps involved to exit your timeshare in a one-hour webinar. You’ll have all the insight you need to start your journey to timeshare freedom.
Visit our website, clearpathexit.com, today and get ready to start your clear path to timeshare freedom!
