Remember when you were signing that dotted line; you were confused. Your heart was racing; you did sign those documents due to the physiological pressure of a notorious salesperson. 

Then, the buyer’s remorse hit you. That was when you realized that timeshares are not worth the money. So, you started looking for options to get rid of it. 

Be informed that the only solution for this problem is to exit it with a renowned timeshare exit company. Otherwise, you may have to pay higher annual maintenance bills that may burden your finances. You can read the reviews of timeshare cancellation companies to find a legit company for a timeshare exit. 

Keep reading for more deets about the options you’re left with and how you can find your way out of your timeshare. 

Ways to Get Rid of Your Unwanted Timeshare 

There are various ways of eliminating a timeshare contract; some are as follows: – 

Cancel During Rescission 

You might not be aware of this, but if you’ve recently bought a timeshare, you can cancel it and get a full refund. That must be mentioned in your timeshare contract, but in tiny words, so you can’t read it and know your rights. 

So, the question is, what’s rescission? 

Generally, the rescission period is of 15 days, varying depending on the state. It’s a short window of time that allows you to cancel your timeshare without giving any solid reason. You’ll get a refund if you cancel your timeshare during this period, and the most important thing is it’s legal. 

If your timeshare is not too old, you can leverage the perks of rescission; however, if the rescission has expired, you may need to look for other options. 

Sell it on eBay or Rent it Out. 

Though no one is interested in wasting their hard-earned money on a timeshare, sell it to them if you find one who wants to. You’ll get little or no money in exchange for your timeshare, but you can transfer the burden to anyone else this way. However, when you sell your timeshare, ensure you get all the required documents and proof of ownership.  

If you fail to do so, you may get into trouble again. Suppose the buyer stops paying the annual maintenance cost, or the tenant refuses to pay the rent, then who’ll be held responsible? The answer is YOU, the first owner. You may need to pay that exorbitant fee and get your credit score hurt. In short, selling or renting out your timeshare is not a good option. 

What’s the best option? Turn to a timeshare cancellation company; it’s the only permanent solution. 

Hire a Timeshare Cancellation Company 

The effective way to get rid of a timeshare after the rescission is to hire a legit timeshare cancellation company. These companies work to eliminate the timeshare contract of the frustrated timeshare owners. However, be wary of the scammers; while searching for the best timeshare cancellation companies, you might encounter some scam artists. 

Ensure you hire a timeshare cancellation company with a proven track record of success; otherwise, you may lose your creditworthiness with the upfront cost. 

On the Final Note 

85% of the timeshare owners are unhappy with their timeshare purchase; considering this fact, it is to be concluded that buying a timeshare is a mistake. If you have committed that mistake, you cannot travel the time and fix that; however, you can end your timeshare. Do you know how you’ll do that? You can hire a legit timeshare cancellation company with vast expertise, a proven track record of success, and a high success rate for that purpose. Read the reviews of timeshare cancellation companies to know their presence and reputation in the timeshare exit industry.