Up to 3% of American households own a timeshare. However, fully 85% of those who own a timeshare now say they regret their purchase. Timeshare buyers say the reason for their regret often involves confusion, intimidation, money, fear, and distrust.
However, you don’t have to feel pressured into keeping your timeshare once you own one. By understanding the timeshare rescission period, you can figure out how to get out of a timeshare contract. Consider the following reasons why it’s often best to cancel timeshare contract agreements early.
Problems may arise after the timeshare rescission period
A timeshare rescission period is the period of time during which a timeshare purchaser can cancel timeshare contract agreements according to state law. The minimum number of days involved in a rescission period depends on the state. However, most rescission periods are anywhere from three to 15 days. It’s best to cancel your timeshare within the rescission period to prevent further problems. This is especially true if you don’t have professional legal representation or legal advice. It’s during the rescission period that canceling your timeshare is the easiest.
Many people want out of their timeshares
If you’re new to timeshares, you’ll quickly find out why so many people ask how to sell a timeshare legally and how to cancel your timeshare contract. This is because there are a surprising number of problems often associated with timeshares.
Timeshare companies often fail to disclose these details to their timeshare buyers. Not only can this cause problems further down the road, but it can also lead to anxiety, stress, and distrust among timeshare owners.
However, it isn’t only the failure to disclose details that have many timeshare owners wanting out of their contracts. It’s also because of the surprise fees. Over 45% of Americans say the high maintenance fees are their reason for leaving their timeshare contracts.
It can be challenging to find a timeshare attorney
Many Americans know attorneys through their family members or friends. However, these attorneys are often specialized in personal injury or divorce. Friends may not be well-acquainted with timeshare attorneys.
However, once you’ve found a timeshare cancellation attorney, you’ll be glad you did. Timeshare attorneys are experienced in their field and know how to fight back against challenging contracts that hinder timeshare owners.
Timeshare contracts can be stressful, especially when you’re unsure how to get out of one. However, there’s help available. If you or a loved one is experiencing frustrating problems with a timeshare contract, contact a timeshare lawyer today.