Last updated September 13th, 2022
So you’ve decided you’re ready to cancel your Bluegreen timeshare. You might have one or several reasons for wanting to do so – whether it’s because you’ve stopped vacationing like you used to, or you’ve had a major lifestyle shift. You should know that, no matter what your reasoning, you aren’t the only one wondering how to get out of Bluegreen timeshare. Keep reading to learn more about what your options are.
Bluegreen Timeshare Reviews
There are several reviews that speak to why people want to cancel their Bluegreen timeshares. The BBB, Consumer Affairs, and TripAdvisor pages for the company all include several 1-star reviews, including the following:
- “If it’s possible to give 0 stars, I would. We were enticed to purchase a new ownership package, that seemed too good to be true! And of course it was. We sent a certified copy of our cancellation in writing as advised by Bluegreen within 10 business days. We were then told we had 30 days as new owners so we should be good to cancel. Then we called again to follow up on the status of our ownership- we were then told it had to be canceled within 5 days because we purchased a package out of WI. We have called Corporate, spoken to management and it took us over 2 weeks to reach an actual person willing to look up our account. We were advised by a Bluegreen manager to hire an attorney for cancellation, as we are too late. … DO NOT WASTE YOUR HARD EARNED MONEY-NOT EVEN 1 CENT … We were misinformed and stories change every time you call and talk to someone different.” (BBB)
- “We agreed to the Bluegreen promotion before the pandemic. Of course, we could not go during that period. Then I developed a painful back issue and my mother now has serious health issues. We cannot leave her for an extended period. Then we started getting threatening emails giving us a deadline to make a reservation. I asked, due to these unforeseen circumstances, if I could get a refund of the deposit. The person on the phone refused to listen. I told them to keep the money and assured them I would warn others of their pressure campaign and heartless business practices.” (Consumer Affairs)
- “Blue Green Resorts is like any other timeshare resort developers out there. They exist solely to part you from your hard earned money, by hook, crook and any means necessary. They don’t care if you can afford their over-priced and undervalued units, they just want to get your money. … What I found out about Blue Green really frightened me. There is documented proof that the income and credit qualification form used at check-in is used to applied for a Blue Green credit card in your name, whether you want one or not. The weeks you buy are worthless. A quick search on Ebay shows you can buy some poor soul’s weeks at The Fountains for pennies on the dollar. I couldn’t believe it until I saw it for myself. Whereas buying directly from Blue Green, you are charged from 10-25K for the unit, then several hundreds to thousands per year for maintenance fees.” (TripAdvisor)
In addition to these reviews, well-known travel and finance blogger The Points Guy has an in-depth article about their practices and sales presentations. A quick search for “The Points Guy bluegreen timeshare” should bring it up. It’s worth a read, especially if you want to know more about the lack of value you get with Bluegreen timeshares. Overall, it’s clear that many people are in the same camp that you are probably in when it comes to this timeshare company.
Canceling a Bluegreen Timeshare
What you can do to cancel your Bluegreen timeshare depends on the details of your situation. If you purchased a timeshare in the last few days, you should proceed with your cancellation using state rescission laws. These laws typically allow people who own timeshares to rescind a purchase within the first few days afterward. If you adhere to the rules around these laws, Bluegreen will have no choice but to refund your entire timeshare purchase. While you won’t get cash back from this process, you will get a full refund. Since most timeshares decrease in value by around 50% after they’ve been purchased directly, this is the best route to go, if you’re able.
For those who are outside of the window of time dictated by rescission laws, it is possible to try and use the resale market to get rid of Bluegreen timeshare. However, if you owe any kind of mortgage on the timeshare, selling it will be nearly impossible. People who are in this situation should look into reputable timeshare exit companies that offer escrow as a payment option. You can learn more about escrow and why it’s important on this page.
FAQs about Bluegreen Timeshares
You are probably wondering, at this point, “What else should I know about Bluegreen timeshares?” Here are some of the most frequently asked questions about this timeshare company, which could help you make a decision about canceling a Bluegreen timeshare.
- How much does a Bluegreen timeshare cost? While the cost of a Bluegreen timeshare annual fee depends on the type of membership you have, generally, the consensus is you can expect to pay anywhere from $800 and upward. Maintenance fees will depend on the kind of accommodation, so that would require a more specific listing search to determine.
- Have there been any lawsuits against Bluegreen? Yes – a simple Internet search will show that there have been several lawsuits involving Bluegreen. One of the most notable was a 2017 class action lawsuit brought to Florida’s U.S. District Court, in which timeshare buyers sued Bluegreen for selling to them under false pretenses (Bluegreen Vacations Unlimited, Inc. and Bluegreen Vacations Corporation v. Timeshare Lawyers P.A., et al). A similar class action lawsuit was brought in 2018 (Burgess v. Bluegreen Vacations Unlimited, Inc.).
- Who owns Bluegreen? As of 2021, Bluegreen is a wholly owned subsidiary of a holding company called BBX Capital Corporation. This includes all three of their branches: Bluegreen Vacations, Bluegreen Resorts, and Outdoor Traveler (which is marketed through Bass Pro Shops).
Can You Sell a Bluegreen Timeshare?
It can be challenging to sell your Bluegreen timeshare on the resale market. If you look into how well others are doing with this approach, you’ll probably find many owners trying to basically give away their Bluegreen timeshares on eBay for as little as $1. Oftentimes, timeshare owners who go this route even offer to pay for all closing and transfer fees, just so they can get rid of the timeshare. This certainly indicates that it’s not just difficult to sell a Bluegreen timeshare – it’s nearly impossible.
Timeshare Exit vs. Timeshare Resale: an Overview
As noted above, it can be incredibly difficult to sell a timeshare on the resale market. When it comes to going this route, value is everything, and if you find that your timeshare is worth little based on the research you do, it will be even harder to sell. Even if you look into working with a resale agent – which is how some owners successfully sell their timeshares – chances are you won’t find someone suitable (or with a great deal of interest) unless you have a high-value timeshare.
Timeshare exit, on the other hand, can be a better option; it means that a third party gets in touch with the timeshare developer for you, and proceeds to get you out of your contract. Choosing this method will require you to do some investigating. There are several companies out there that are little more than scam operations when it comes to canceling a timeshare. You want to be sure to find someone with a solid background in the industry, and with a great track record of successful cancellations. Find out more about our recommended companies on this page.
Is a Bluegreen Timeshare a Good Investment?
The short answer is no. Bluegreen, like any other timeshare, is not a good investment. Why is this the case? Because as soon as you purchase a timeshare, you start losing money. It’s not uncommon for timeshare owners to lose up to 90% of the initial price.
In fact, it is actually illegal in some states to claim that purchasing a timeshare is an investment. These kinds of laws exist in order to stop real estate agents from misrepresenting what a timeshare is. The fact of the matter is, if you can purchase a Bluegreen timeshare on eBay for $1, there’s no way that buying a Bluegreen timeshare directly from the developer for $10,000 could be a good investment for you.
Pay attention to which timeshare owners, developers, and sales agents try to reframe the question of whether a timeshare is an investment. They may try to tell you it’s an “investment in your happiness,” or something of that nature. While there is some truth to this statement, it’s little more than another sales pitch, especially since you can plan a fun vacation for you and your family without a timeshare. You could say the same thing about literally any other product.
Our website is meant to help you find the right timeshare exit company for your situation. Our team does not sell timeshares, nor do we perform cancellations ourselves. TimeshareExitCompanies.com is simply here to give you the advice you need to get out of Bluegreen timeshare on your own. To schedule a free consultation, initiate the live chat (on the bottom right corner of the page), or submit a contact form.
Avoid Paying High Up-Front Fees
The TimeshareExitCompanies.com team recommends that you avoid working with any company that charges you an upfront fee. Even if they have a money-back guarantee, this in no way ensures that you will actually get a refund in the case they aren’t successful. Furthermore, it fails to hold timeshare exit companies accountable for doing well in getting you out of your timeshare. Instead, we encourage people to work with companies who have an escrow payment option.
How Escrow Payments Protect You
Using escrow involves a third-party holding account that keeps your money safe while a company cancels your timeshare. It means that, if they do not complete their service as promised, you will get your money back directly. This is important because not only does it offer you financial security, but it also gives the timeshare exit company incentive to cancel your timeshare. You can learn more about escrow and why it’s important here.
We have heard too many stories of timeshare owners who paid a resale or cancellation company upfront, only to realize months later that the timeshare is still in their name, and was never canceled at all. Don’t let this be you! Be sure the company you choose doesn’t demand any high upfront fees.
Find a Timeshare Exit Solution that Works
For more information about which companies we recommend, or how we can help you, use the live chat in the bottom right corner of the page, submit a contact form on the right side of the page, or give us a call at 833-416-8796. We can give you a free timeshare exit consultation, and help you determine just how to get out of your timeshare. (Note: You should be sure to contact Bluegreen first, before speaking to anyone else about canceling your timeshare.)