Although it is true that a timeshare agreement is a legally binding contract, most people often mistake it as something as non-cancellable. In fact, most people often neglect to consider asking timeshare exit attorneys at The Law Offices of Susan M Budowski, LLC for assistance. However, there is a way on how to relieve your share from your timeshare responsibilities. Here are a few lifehacks on how to cancel your timeshare.
Put in the market
One of the first options that most timeshare owners think of is putting it their timeshare agreements for sale. Although it is quite a challenge to sell timeshare on the market, there is still a chance that you may find a buyer interested in it. According to an article posted on the Huffington Post, you may want to sell your timeshare agreement at a low price when the market is in high demand. Doing so will make it much easier for you to sell your property.
Consider buyback programs
You may want to ask your timeshare company and see if you can get in touch with an operations manager or an upper-level manager to see if a deedback is possible. According to Money Inc., there are a few timeshare resorts who have buyback programs that they don’t publicly advertise to their clients, while others may even take the interval back instead of the timeshare unit going into foreclosure.
Transfer of ownership
If a deedback or buyback isn’t available for you, then transferring the deed may be a great alternative. It usually involves a different party taking over your responsibilities as a timeshare owner and taking on the obligation of paying for maintenance fees.
Canceling a timeshare contract can be a complicated process. That’s why it’s essential to seek legal assistance from a firm who knows a lot about timeshare issues and settlement negotiations.