Timeshare ownership can be a great way to vacation. However, some owners have gone through a high-pressure sales pitch and thought it was an incredible deal. Many of them signed the dotted line without giving much thought to the long-term ramifications. Then, they change their minds and want to get out of the timeshare contract. But returning a timeshare isn’t an easy process.
If you want to get out of your timeshare, you have to act immediately. The laws for rescission vary by state but if you act quickly enough, you can change your mind. In your signed the contract, there should be a form that tells you what to do if you change your mind and the date that you need to act by will be on that form. In some states, it’s as little as four days for the rescission period. Thus, fill it out and mail it by registered letter so that you’ll have proof of when it was sent.
Try to negotiate by phone also. If your rescission date has passed, try calling the place where you bought the timeshare. Explain the circumstances involved why you changed your mind. There’s maybe a slight chance that you can get out of it. If you have no success with the local office, try calling also the company headquarters.
Moreover, try to hire a lawyer. If you feel like you were coerced into signing a timeshare contract, and aren’t sure what else to do, try to get legal help. A lawyer might be able to renegotiate the contract and get you out of it. If all other courses of action have failed, sell your timeshare. Although selling is really a hard task to get out of your timeshare, you might recover some amount of cost if you get a deal.