Smartly Get Out of Your Timeshare by Cancelling the Contract

Over the years, the market for selling timeshares has already changed. It has been better from a down economy to the recent economic climate. There are some regulations that protect the consumers in more effective ways. However, these are not enough to make the average consumer less suspicious of timeshare offers. If you are trying to get out of your timeshare by reselling it, you will see how difficult it can get due to the numerous scams involving timeshares.

There are a number of ways of getting rid of a timeshare. If you are selling it, be wary about resellers asking for upfront fees to list your timeshare. They can't and won't promise you that a deal will take place. If you decide to go through an agency, then choose a serious agency that will only ask for a commission in case they are really able to resell your property. These upfront fees are ridiculously high and you can't expect a profit upon this deal. Therefore, it is better to go through other venues.

One of the venues that most owners don't know is the cancellation of the contract. Getting rid of a timeshare doesn't mean selling it. Most contracts have clauses that allow cancellation. In some cases, the cancellation period is as short as two weeks and sometimes it can go up to three months. Before you decide for other options in getting rid of your timeshare such as reselling it or consulting a timeshare transfer company like the Transfer Smart, first check your contract because some timeshares can be simply cancelled. In this case, you won't have to pay anymore, but you won't get a refund for paid shares.