Purchasing a timeshare can seem like an incredible concept: pay a fee every year and then get the choice of a beautiful vacation anytime and in amazing destinations. Unfortunately for many buyers, timeshares turn out to be a major inconvenience with hidden fees, blackout dates, and less-than exciting resorts and vacation packages. In this article, we’ll discuss how to legally get out your timeshare contract and how important it is to understand your options. At Wesley Financial Group, we always strive to do our best to help our clients get out of their timeshare contracts and cancel the agreement completely. Don’t stay stuck in a timeshare that keeps draining your bank account! Call Wesley Financial Group and let us help you get a timeshare cancellation today!
Understand your Options
Getting out of your timeshare can be overwhelming, especially if you don’t comprehend the different choices you may have. Generally, you have two options. You can cancel, which means that you want to end your agreement by breaching a contract by breach. In layman’s terms, “breach” means that you’re aware that you will have an outstanding balance that will still be retained by you and you’ll be responsible for paying it. A termination occurs if the contract ends due to reasons other than a breach of contract, such as the resort no longer accepting timeshare reservations or the company that sold you the timeshare is faulty. If your contract is terminated, you will not be responsible for paying the outstanding fees.
Decide Early if You Want to Keep Your Timeshare
If you have recently bought a timeshare, there is a period called a recission period. The recission period can differ from state to state, but generally it is around five to seven days. If you decide you don’t want to stay in your contract, you can contact the timeshare company and get your deposit back. This is the best way to get out of a timeshare contract, and while you can cancel a timeshare once the recission period has passed, it requires considerably more time and effort and usually involves legal action.
Find an Attorney or Lawyer to Represent Your Case
If you find that you’re interested in canceling your timeshare contract and need help to navigate the legality, find a lawyer or law firm that specializes in timeshares. Timeshare law is a specific area that demands a seasoned and understanding attorney to properly review and represent your case. Hiring a lawyer will protect your rights and he or she will know exactly which decisions to make. If you’re searching for a timeshare lawyer, call Wesley Financial Group today. We understand timeshare law and will do our best to cancel your timeshare contract.
Sell Your Timeshare
If you find that you don’t wish to take legal action to cancel your timeshare contract, you can sell your timeshare. Selling your timeshare may help you get out of the monetary stipulations that are required of you, especially if you’re no longer interested in the benefits of owning a timeshare. If you do choose to sell your timeshare, Consumer Protection Laws do require you to provide full and absolute disclosure of all terms and conditions, so make sure that you inform the buyer of these before the sale is final.
Canceling your timeshare can be stressful and overwhelming, especially since it usually requires legal help. At Wesley Financial Group, we’re the timeshare cancellation experts and have team full of advocates who understand your situation and want to help. Don’t stay in your timeshare contract because you’re too afraid to take legal action. Stop spending your hard-earned cash on a worthless timeshare. Contact Wesley Financial Group today!