5 Ways To Get Out Of Timeshare Contract
How do you get out of timeshare contract? There are 5 ways you can legally exit your timeshare contract with your resort but the best way isn't getting out of your contract, but by renting it out to cover your maintenance fees instead!
Legal Options To Exit:
LEGAL ways to get out of a timeshare, exit your contract with the resort and get rid of your timeshare without any penalties:
One way to get out of your timeshare contract and exit with the resort legally is to sell it on the resale market, but you will take a loss, sometimes a pretty big loss as timeshares depreciate and are not really a financial investment.
Some of the ways you can sell your timeshare on the resale market to exit your contract are Ebay, Craigslist, Facebook and other online sources that allow the buying and selling of properties and deeds.
The best, and safest way to get out of your contract and legally get rid of your timeshare is to use a licensed resale broker to sell your timeshare resale.
Another way you can get out of your contract with your resort and legally get rid of it is using a timeshare lawyer experienced in the vacation industry who can help you create a timeshare exit strategy.
If you own through Wyndham resorts you're in luck! The Ovation Program, by Wyndham Resorts offers legal ways to get out of your timeshare contract directly through Wyndham and since it's all done through the vacation resort it's safe to use.
Wyndham Resorts has two different programs available to help you exit your timeshare contract with the resort: 'Tribute' and 'Limited Edition'.
Whether you would use Tribute, or Limited Edition would depend on what kind of contract you have with Wyndham Resorts.
If none of these options work to get you out of your timeshare completely, you can always check the resort you purchased through to see what kind of legal options they have to exit your timeshare contract with them.
If you choose to get out of your timeshare using the resort you purchased through, make sure you are working with trained professionals from your home resort, or a licensed and reputable broker to help you with the process.
Beware of scam artists or companies promising to be able to help you get you exit your contract and get rid of your timeshare for you, but only want to take your money and run.
These scam companies are very common, and many of them simply can't be trusted to help get you out of your timeshare contract legally.
Before you exit your contract or get out of your timeshare completely, you might first consider renting it out to other people on the years it is unused to generate enough revenue to cover your maintenance fees.
Renting it out instead of getting rid of it allows you to use it in the future when you need it, and generates enough revenue to pay the maintenance fees for those unused weeks.
Need help understanding your timeshare better? Visit our FAQ Page on timeshares.