Timeshares aren’t quite as popular as they used to be, but that doesn’t mean you can’t find yourself with one still clinging to your credit report. Canceling your timeshare can seem like an impossible task, but it actually isn’t! If you’ve been asking yourself How to cancel my timeshare, follow these five tips and you’ll be on your way to getting rid of your timeshare for good in no time.
Act Fast & Cancel at the Earliest:
When canceling a timeshare, you will want to act within your cancellation period. If you wait too long, it will become difficult or impossible to cancel. For example, you may be given a cancellation period that lasts a few months, but once that time has passed your option for timeshare cancellation in Florida expires. At that point, you’ll likely be locked into your timeshare purchase and unable to get out of it. Before anything else, make sure you know what your specific cancellation options are and keep track of them accordingly.
Review the Cancellation Terms:
When you’re trying to figure out how to cancel a timeshare, it’s important to understand how long you’re bound by your contract. Are there any penalties? When is your cancellation fee due? In addition, find out if you’ll have trouble getting money back in full. Be sure you read these documents carefully before going ahead with the process. This will help ensure that you aren’t held liable for anything.
Cancel it in Writing:
Before you can cancel your timeshare, you need to make sure that it’s in writing. You should have signed an official contract with your timeshare company; if not, ask them what documentation is required and provide it accordingly. Once you have that paperwork in hand, request timeshare cancellation in Florida in writing and get it on file before you do anything else.
Sell Your Timeshare if You Can:
If you’re stuck with a timeshare you can’t stand, try selling it back to your original developer. Timeshares are notoriously difficult to sell and there are hefty transfer fees that come along with reselling your ownership, but it’s worth trying.
Hire a Timeshare Attorney:
It’s not uncommon to feel like you have no one to turn when you want out of your timeshare. But if you take a close look at all your options, it won’t be hard to find a way out. Hiring an attorney is your best bet; an attorney will be familiar with any laws that might protect you, and they can walk you through each step. To ensure you have a winning case, hire an attorney familiar with timeshare law in your state.
The timeshare industry has had its fair share of controversy over the years, and there are plenty of people out there who want to get rid of their timeshare ownership sooner. Remember the tips mentioned above and hire a qualified timeshare attorney in Florida for assistance.