For many timeshare owners, there may come a time that they may realize that such property is not right for them after all and thus, they may try to get out of their timeshare contracts. There are legal ways to do this if done within a certain time period. However, you must know your rights and do the cancellation properly in order to legally get out of the timeshare.
Know the state laws on getting out of a timeshare contract prior to owning one. These vary from state to state. Usually, you have a certain period of time after you sign a contract where you can cancel with no obligation. During your purchase, you must ask the timeshare company to clearly disclose its cancellation policy and get this in writing. Be aware that it should match the appropriate state laws.
Importantly, notify the timeshare company of your cancellation in writing with a return receipt requested so that you can prove that it was received within the proper time frame. After that, call the timeshare company that they received your written cancellation. Ask them to tell you when you will receive written confirmation.
Moreover, you can work with an advocate. There are some advocates like websites that work with people who are trying to legally get out of a timeshare. They are more experience in this area that will be of big help to you.
Getting rid of a timeshare is not an easy thing to do. As a matter of fact, some owners even hire a timeshare transfer company such as the Transfer Smart just to get of such property. On the other hand, whatever ways you try to get rid of your timeshare, the more important thing is that you have legally exit from it and eventually, cut off those disadvantages brought by it.