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How to Get Rid of a Timeshare

Legally and Permanently

older couple frustrated from trying to get out of their timeshareWe all love to get away and for many people, a timeshare seems like a great way to enjoy magical vacations with your family each year. At first, this might have been the case as you made the most of your annual trip to a luxurious resort. You have great memories of these vacations, and your family will look back fondly on these moments for the rest of their lives.

But over time, things have changed. Your timeshare is no longer meeting your needs and it’s starting to feel like a burden. There may be a variety of reasons why this has occurred:

Whatever your specific reason, it’s become clear that it’s time to get out. When you reach out to the resort about getting rid of your timeshare, you experience the run-around. You’ve tried to sell your timeshare, only to find that there’s virtually no resale market. Under these circumstances, it’s natural to feel overwhelmed, frustrated and trapped.

It never feels good to lose control of a situation, especially one with such serious financial implications. Timeshare Termination Team wants to help you gain back that control. The first step in the process is to make sure you have all the information you need to understand your options.

What Are My Options to Get Rid of My Timeshare?

Timeshare contracts are complex and confusing. While there are a number of different ways to get out, many of these options can be complicated and have varying degrees of effectiveness. Every situation is unique, so it’s important to fully understand the different solutions available to you when seeking to get rid of your timeshare.

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Return It

Some resorts offer a deed-back program in which they will take back your timeshare for a fee. We encourage you to contact your resort about this option first. If it is available, it may be the easiest and most cost-effective solution to get rid of your timeshare.

At Timeshare Termination Team, we’re very familiar with these programs and we can help you navigate this process. Your dedicated client relations specialist can give you advice on how to talk with your resort about this option. We always strive to put your unique needs first, and we want you to make the financial decision that’s best for your family. If that involves utilizing a deed-back program, we’ll tell you.

Sell It

It cost a lot of money to purchase your piece of paradise. Between your monthly mortgage payments, your annual maintenance fees and the other charges levied by the resort each year, you’ve invested a lot of money into your timeshare. It makes sense that you would want to get some of that money back on your way out.

At the initial timeshare sales presentation, you might have been told that your timeshare is a smart investment that will increase in value over time. Now that you’re ready to get out, it’s time to cash in that investment. Unfortunately, you’ll most likely find that your timeshare is anything but a smart investment. In almost every instance, timeshares do not retain any value once they’re purchased. In fact, they tend to depreciate similar to a car.

The harsh truth is that most timeshares have little to no resale value. A quick search on some of the most popular online market sites will reveal a flooded market where most timeshares are listed for sale for $1.00 or less. These owners are just desperate to unload the financial burden that is their timeshare.

For this reason, you’re unlikely to find much success when you try to sell your timeshare.

Give It Away

This sounds like a generous idea that can be a true win-win for everyone involved. You can give the gift of a luxurious annual vacation to someone you love, and they will now have the opportunity to amass great memories with their family like you once did with yours. But it’s likely that they’ll come to experience the same frustrations you have.

Consider whether your loved one will have the time and flexibility to use the timeshare as you once did. Also, can they afford the costly financial obligations that come with the property? It’s important to remember that you’re not just gifting your loved one a vacation destination; you’re also giving them the rapidly rising annual fees, restrictions on usage, and a lifetime contract that can be challenging to get out of.

Cancel It

There is another option that is often the most effective solution. You can safely, legally and permanently cancel your timeshare contract, eliminating this burden from your life once and for all. This option is available even if you still owe money on your timeshare mortgage, and it may be the only solution available to you if you’re still making monthly mortgage payments.

Timeshare Termination Team has years of experience helping families just like you get rid of an unwanted timeshare. Our team of expert advisors work in conjunction with our in-house attorneys who specialize in timeshare cancellation law. By using attorney-based solutions crafted by experts in this field of law, we can help you break free from the burdens of timeshare ownership once and for all.

Ready to Get Out of Your Timeshare Contract?

At Timeshare Termination Team, we want to make the exit process simple, straightforward and easy to understand. Our team has helped countless people just like you gain the freedom they desire, and we’re here to help you navigate this process.

Every timeshare ownership situation is unique. There are several different types of timeshare contracts, and your specific contract type will impact the best strategy for you. There are other factors, such as whether you still owe money on the mortgage or you have inherited the timeshare from a family member, that may dictate our recommended course of action. By focusing on a highly customized, attorney-based strategy, we can help ensure the process meets your needs and reflects your best interests.

Our free guide, 5 Simple Steps to Start Getting Out of Your Timeshare, will help you get closer to freedom from your timeshare burden. We’ve included a brief preview below.

Step 1: Understand Your Options

The first step to getting rid of your timeshare is to fully understand the choices available to you. Whether you decide to return it to the resort, sell it, give it away or cancel the contract, it’s important to understand what each of those options entails. This will ensure you make the best decision possible for your unique situation.

Step 2: Do Your Research

The best way to take control of the process is to do your own research. A little online exploration can go a long way when it comes to the basics of canceling your timeshare. By understanding some general points regarding how the process works, you’ll be able to ask the right questions during an initial consultation with a timeshare exit company.

When making a financial and legal decision like canceling a timeshare, it’s important to know who you’re doing business with. We can give you some valuable tips on what to look for when researching an exit company. One of these tips is to start by reading the online reviews of each company you’re considering working with.

Read Our Reviews

Step 3: ReFlect on Your Situation

You’ve considered your options and done some research on the process and the different companies offering these services. At this point, you should have an idea about your best course of action (some of these options will be easy enough to eliminate on your own). Now it’s time to take the next step.

Step 4: Bring in The Experts

Breaking free from the legal commitments associated with a timeshare is no easy feat. It’s not the kind of task you should try and tackle on your own. If your goal is to safely, legally and permanently get rid of your timeshare, it’s crucial that you work with a team of experts who have done this many times and have a proven track record of success.

Our 5 Simple Steps guide can help you identify the important questions to ask in order to better understand your options and vet the qualifications of different companies.

Our team of expert advisors is available to talk to you at any time. Once you’re ready, schedule a free consultation to get the process started.

Schedule a Consultation

Step 5: Make a Plan

During your consultation, your options will become much clearer. You may be ready to take the next step and initiate the exit process right away. If so, our team is ready to get started. But we also understand that this is an important decision that requires careful thought. If you need more time to consider your options and come up with a plan, that’s okay too. Our team is here to answer any questions you may have while you decide on next steps.

Download your free copy of 5 Simple Steps to Start Getting Out of Your Timeshare so you can get the information you need to understand your options.

Download Our 5 Simple Steps Guide

Get the information you need to make an informed decision.

Get the Guide

Get Rid of Your Timeshare

If you’re ready to find freedom from your timeshare with someone you can trust, fill out the form to get started today! Our Expert Advisors will give you all of the information you need to make an informed decision.

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