Perhaps you attended a timeshare presentation and felt pressured into buying. Or maybe you fell for a catchy sales gimmick. Either way, you recently purchased a timeshare and now you want to cancel it. The average price of a new timeshare is $20,040, so this is not a price that you can take risks with. This is why it’s important to take all of the right steps when you want to cancel a timeshare.
Step 1: Check the timeshare rescission period.
In most states, the timeshare rescission period is 10 days. If you are still within this period, you can more easily cancel your timeshare. Most of the time, you do so with a timeshare rescission letter. Even though this is the smoothest path to cancellation, it may be beneficial to hire a lawyer.
Step 2: Find the timeshare contract.
Even if you are outside of the 10-day period, access or print a copy of your timeshare contract. Read this carefully and highlight any areas that discuss cancellation fees or time periods. This will be key to entering a timeshare cancellation case.
Step 3: Hire a timeshare cancellation lawyer.
This is the most important step that you can take. Timeshare attorneys have specialized knowledge about the timeshare industries and what it takes to get out of a timeshare. Just be sure that your attorney focuses on timeshare law specifically.
Step 4: Work closely with your attorney.
Once you hire an attorney, it’s essential to follow their instructions closely and provide all of the information they request. Otherwise, you could make mistakes to harm your case. Your attorney is there to guide you through this process, so trust them.
Step 5: Be diligent.
The cancellation process might not be as quick as you wish it was. With patience and diligence, you can complete your case and free yourself of the constraints of your timeshare.
With the right lawyer on your side, you have a better chance of getting out of your timeshare and living a life free of that financial constraint. Timeshare attorneys are here to help you, educating their clients on the realities of the timeshare industry.