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Informed Timeshare Decisions,

What Is the Average Cost to Get Out of a Timeshare?

For many people, owning a timeshare is a dream come true, providing an opportunity to enjoy a luxury vacation every year. In some instances, these magical vacations occur at first, delivering memories you and your family will cherish for a lifetime. However, over time you may come to find that you’re no longer getting value out of your timeshare.

Whether it’s due to the rapidly increasing annual maintenance fees, changes to your vacation preferences or a variety of other factors, there are many reasons why your timeshare can become a burden. Unfortunately, most timeshare contracts contain a perpetuity clause which requires you to pay all associated fees for the rest of your life. While this clause creates challenges when trying to get out of a timeshare, you still have options.

The Costs of Keeping Your Timeshare Usually Exceed the Cost of Canceling It

The reality that is rarely disclosed during a timeshare sales pitch is that these properties are a financial burden:

Over time, these costs can make your timeshare vacation prohibitively expensive. It’s always important to weigh these ongoing costs, which will continue for the rest of your life, with the expenses associated with canceling your timeshare. While the cost of permanently and legally getting out of your timeshare often isn’t cheap, it pales in comparison to the amount of money you’ll pay if choose to remain saddled with the continuously rising expenses associated with timeshare ownership.

The Cost of Getting Out of Your Timeshare Depends on the Solution

Factors Impacting the Cost of Getting Out of Your Timeshare

Factors Impacting the Cost of Getting Out of Your Timeshare

Unfortunately, it’s impossible to provide you with an average cost to get rid of your timeshare. A more accurate answer to the question is “it depends.” While this may seem like a frustrating or vague response, there are several reasons for this variability.

There are a few different ways you can potentially get rid of a timeshare. Each one varies in the level of effort, price and effectiveness. In addition, the potential solutions available to you may vary based on the specifics of your unique situation. As a result, one primary factor involved in determining the cost of getting out of your timeshare is the solution you choose.

In addition, every timeshare contract is unique and as a result, it’s impossible to provide an accurate cost estimate without a careful evaluation of your contract. Therefore, your unique situation, including its complexity, will need to be assessed in order to devise the right exit strategy and determine the associated cost.

First, let’s look at the relative costs of the different solutions for getting rid of a timeshare:

Other Factors Impacting the Cost of Getting Out of Your Timeshare

In general, the best way to ensure that you safely, legally and permanently get out of your timeshare is to work with a timeshare cancellation firm. Since cancelling a contract is a legal transaction, it’s always best to choose a timeshare exit company that offers attorney-based solutions.

The cost of legally canceling your timeshare will depend on a variety of factors, including:

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If you’re ready to get out of your timeshare, we’re here to help. Please contact us today to schedule your free consultation.

Ready to Get Out of Your Timeshare?

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