It is easy to buy a timeshare. It is difficult to figure out how to get out of a timeshare. One minute you are on vacation, relaxing. The next you are overwhelmed by a restrictive and expensive timeshare. You are fed up with paying maintenance fees, but you don’t know the best way out.
Depending on the type of timeshare you own and its market value, there will be different answers to the question of how to get out of a timeshare. If you have found yourself in the unfortunate position of needing to get rid of your timeshare, then you have come to the right place.
First, it is important to understand what type of timeshare you have because it can influence how to get out of a timeshare. There are three main types of timeshares, fixed week, floating week, and points-based.
One type of timeshare is a fixed week timeshare. In a fixed week timeshare, you actually own a deeded portion of a vacation property. But, there’s a catch, of course. You don’t own the entire property, you only own 1/52 of it. So basically you own the right to use the property for one week out of the year.
As the name suggests, the week that you can use the timeshare property is fixed and will be the same week each year. Also, you own the property, so that is the only place you are guaranteed to be able to go on vacation.
You can try to trade your week with other timeshare owners in order to get some variety in your vacation and go to different destinations. You can also trade for weeks if yours is inconvenient. However, the problem is that your ability to do so is contingent on other people.
If you can’t find someone to trade with, it can leave you frustrated and wondering how to get out of a timeshare because you are sick of taking the same vacation every single year.
A floating week timeshare is similar to a fixed week timeshare except that the week you can use the property is variable. Like a fixed week, it is specific to the property that you own, and the only way to go to different destinations is through trades.
Both of these types of timeshares are deeded to you and can be good for a timeshare resale depending on where you purchased them. However, if your timeshare has lost value, which is usually the case, a timeshare cancellation is often a better option to get rid of timeshare.
A points-based timeshare works much like a points-based credit card and is the most common type of timeshare. Instead of buying an actual piece of property, your timeshare pays for points that you can spend on a variety of vacations.
This is the most common type of timeshare and seems appealing because, in theory, it offers flexibility. You aren’t limited to a specific property or time of year. As long as you have the points, you can travel.
However, what they fail to mention and what leads to many people wondering how to get out of a timeshare, is that most premium destinations require more points than your timeshare offers. So you can either buy extra points or save your points by skipping vacations for some years.
You probably don’t want to spend any extra money on your timeshare and skipping vacations doesn’t sound appealing either. Instead, you need to do a timeshare cancellation to get out of your timeshare. Once your timeshare is gone, you can vacation in any way that you choose to do so.
If you are wondering how to get out of a timeshare, the best way is by doing a timeshare cancellation. When you cancel your timeshare, it wipes the slate clean. In some cases, you can even get a refund from the timeshare company.
But, I wouldn’t recommend doing it on your own. Trying to cancel a timeshare yourself can lead to frustration and unnecessary headaches.
Instead, you need the experts on our timeshare exit team. They will work tirelessly on your behalf to help you get out of your timeshare. Our timeshare exit team reviews each timeshare contract to determine the best way to get a timeshare cancellation.
With us, on your side, you will get out of your timeshare. We offer a satisfaction guarantee on all of our services, and we are the pinnacle of ethics. We are not a timeshare scam, and we work for you. Call us today.
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