Approximately 37% of families say that vacations make them happy, making it the number one activity that brings joy to families across the United States. Getting away from the stresses of life for a week or two can be amazing. Unfortunately, vacations are often quite expensive, and if timeshares are involved, even if you think you’re saving plenty of money, you could end up spending a fortune and not enjoying yourself nearly as much as you otherwise would if you took more conventional vacations.
Here is some great information about the timeshare buying process, as well as some great tips you should keep in mind if you have recently acquired a timeshare but are having second thoughts and want to either cancel or learn how to sell a timeshare legally:
- Know the timeshare rescission timeframe — Every state has their own timeshare laws and specific rescission periods. Some rescission periods are only a few days, some are closer to five, and Florida timeshare rescission lasts 10 days. Knowing how long you have to act can help you cancel a timeshare and get out in a timely manner.
- Consult with a timeshare lawyer — Working with a trusted licensed timeshare lawyer can help you and your family get out of some serious financial trouble. These lawyers are very knowledgeable on timeshare law and can help you and your family out as soon as you contact them. They will help you understand exactly how to sell a timeshare legally and avoid financial disasters.
- Beware of adhesion contracts — During timeshare pitches, sales representatives will typically use adhesion contracts to get people to agree to their terms, subsequently costing the buyer a significant amount of money over a long period of time. These adhesion contracts are non-negotiable verbal contracts made in front of a legitimate notary. During the pitch, make sure you never sign anything until you have had plenty of time to think about it, but don’t verbally agree to anything, either.
- Don’t make any decisions while on vacation — Typically, families sign timeshare contracts while they are on vacation. This isn’t recommended because the timeshare rescission period may end by the time they get home, causing them to be stuck in the timeshare contract for much longer. Since the rescission has to be done specifically to what is written in the contract, whether it’s certified mail or postmarked, you won’t be able to get out of the contract while still on vacation.
If you want to learn how to sell a timeshare legally or get out of a timeshare and save your family a significant amount of money, give Susan Bukowski a call right away.