Have you been tempted by some vacation club and timeshare commercials that you have heard lately? Before you end up the victim of a timeshare scam and wondering how to get out of a timeshare, it is important to consider several factors before committing to a timeshare purchase.
A timeshare is a large purchase. The average new timeshare costs nearly $30,000 with many costs well upwards of that number. It should not be taken lightly, and you need to make sure that you consider all angles of the purchase before you jump in.
While I will be the first to tell you that I always advise my friends and family against a timeshare purchase. There are many other vacation options, and if you never buy a timeshare, you never end up wondering how to get out of a timeshare.
However, I know that there are some situations and lifestyles that may benefit from a timeshare. The problem is that the industry is so full of scams that it is hard to know what is a good deal and what is a rip-off. You can’t know for sure what timeshares will make you happy and which ones will leave you stuck with a bad deal and needing to know how to get out of a timeshare.
While there is not necessarily a magic way to know if a timeshare is the real deal, there are some red flags that is a scam. Or that it will end up being less than you imagined. If you don’t want to get stuck holding the bag and wondering how to get out of a timeshare, make sure you are on the lookout for these telltale signs.
- A pushy or overly aggressive sales tactic. While almost all timeshares will have some element of a sales pitch, steer clear of any that are very aggressive. If you get accosted while you are coming off the plane or they won’t take no for an answer, this is a bad sign. Don’t attend that presentation because they will not become less aggressive once they think they have you hooked. Tell them no from the get-go and don’t let their “free” incentives fool you.
- Too many or too high-value free incentives. Part of the allure of the timeshare is that you get some pretty good free incentives. Things like a couple nights away, a round of golf, or free dinner are pretty standard and don’t raise a red flag. But, if they start offering a boat, week-long vacation, airfare, or anything else that seems too good to be true, you need to run. This is most likely a timeshare scam, and you will be wondering how to get out of a timeshare.
- Trying to gloss over the fine print. This usually means they are hoping that you won’t read it. You should always read the fine print, and the salesman should always give you adequate time to do so. If they try to rush you this is a red flag that you will be searching for a timeshare exit team
- Timeshare cancellation scare tactics. If you buy a timeshare and change your mind, make sure you know your rights when it comes to getting out of a timeshare and your rescission period. So much of this is not covered in the presentation, and if you call later, they will threaten you and tell you that your credit will be ruined. These are simply scare tactics, but they work. If this happens, it is a huge red flag that you are dealing with a less than ethical company, and you need professional help.
Regardless of when you bought your timeshare or why, if you have found yourself needing to know how to get out of a timeshare, you are not alone. In fact, most timeshare owners end up regretting their purchase.
If you fell for a timeshare scam or are outside of your rescission period, you can still get rid of your timeshare. It is not always easy, but it is possible. But, you need expert help on your side. A timeshare is a complicated legal contract, and you need to make sure you have the right people to help you navigate it.
Find a reputable timeshare exit team with a proven track record to start the cancellation process. Once you are free from your timeshare, you will be able to relax and enjoy yourself again.
When you are ready to find the answer to how to get out of a timeshare, give us a call. We are here twenty-four hours a day, seven days a week, three hundred and sixty-five days a year. Don’t keep wasting money on a timeshare you can’t afford. Get rid of it today!
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