If you have been thinking about trying to get out of your timeshare, there are a few different avenues you may try to pursue. For one thing, you could contact the developer directly and see if they offer any programs to get out of ownership. Or, you may look for a place to list your timeshare on the secondary market to see if any interested buyers are available. In the absence of success with either of those two methods, a third option will come into focus – using a timeshare exit company.

Timeshare exit companies have been around for quite a while now and their mission is exactly as you would assume. These companies work with clients to help them get out of their timeshares and move on with their lives. As the costs of owning a timeshare add up, and the frustration mounts with regard to spending more and more on something that you can’t use regularly, turning to an exit company for help may be the best solution. But how do these companies work and how can you pick the right one for you? Those answers and more are found below.

A Clear and Single Goal

While various timeshare exit companies will operate in different ways, the core concept is the same across the board – they are trying to get timeshare owners out of their contracts and away from the timeshare lifestyle. Generally speaking, this is all the company exists to do, and many have gotten very good at it. You might find some timeshare exit companies that offer other, somewhat related services, but most are focused singularly on this mission.

This kind of focus has some distinct advantages for the individuals who choose to partner up with these companies. Since most of the timeshare exit companies just do the same thing day after day, they have the opportunity to get very familiar with the timeshare industry, how it works, and how the contracts are structured. As a result, the people who work in these companies develop a level of knowledge about the industry that a regular timeshare owner couldn’t be expected to have. When you hire an exit company to work on your situation, a large part of what you are paying for is that expertise and experience, and it could prove to make all the difference in the end.

It Usually Starts with a Chat

The best way to get started working with a timeshare exit company is just to talk with them about your needs, the situation you find yourself in, and why you’d like to get out of the timeshare. It’s hard to overestimate the importance of this initial discussion, as it will set the stage for what the timeshare exit company is going to do next and how successful they are going to be.

It should be mentioned that you don’t want to hold anything back from the people you are working with at the exit company. In a way, you can think of them as you might think about a lawyer – they need to know everything in order to act in your best interests. So, if you are having financial trouble and that’s why you need to get out of the timeshare, don’t be embarrassed to talk about it. Just be open and honest, get everyone on the same page, and things will work much better throughout the process.

Poring Over the Contract

One of the primary duties that you’ll be handing over to your chosen timeshare exit company is going over the contract that you have in place to see what options might be available. Professionals in this industry have reviewed countless timeshare contracts, so they will be very familiar with the standard format and layout of these agreements – but there are still variables that can impact how the deals are formulated from one to the next.

Of course, you can go over your own contract before even involving a timeshare exit company, but you might find it tricky to figure out what the contract says and what it means for getting out of your deal. So, rather than wasting a bunch of time and energy only to wind up frustrated, you could decide to just jump right to the step of handing this matter to an exit company that will take the contract from you and run with things from there.

Exploring the Possible Strategies

It’s only after going through your contract in detail that your timeshare exit company will start to devise some strategies for ending your ownership properly. This could go in many different directions, and we’ll outline some of the many possibilities below. Of course, you should remember that not all of these options will apply in your situation, but it’s important to be flexible while working with your exit company.

• Selling the timeshare. In some cases, an exit company might feel that your timeshare is actually appealing to a certain type of buyer, and it might be recommended to try and sell it on the open market. This isn’t an approach that is likely to work in a lot of cases, but if they see something that leads them to believe that a sale of the timeshare is possible, that’s an option that could allow for a smooth exit in the near future.
• Negotiating an exit. Another way to approach getting out of a timeshare is to work with the developer to discuss how the contract could be ended agreeably for both sides. While this is another thing that you could technically try to do on your own, you’ll again be benefitting from the experience and knowledge of the professionals who work in this industry. They’ll know how to negotiate with the timeshare company, what points to bring up, and what weaknesses might be present in the contract that they could exploit. Even if the timeshare company doesn’t want to let you leave, they may be more willing to negotiate an exit if your representation points out some issues with the contract that could be a problem in court if the case went that far.
• Using a cancellation option. If the timeshare exit company is able to find some type of cancellation option within the language of the contract, they could help you utilize that option to get out in a way that will be legally binding and won’t allow the timeshare company to come back after you later.

Those three points are just general directions that the exit company may be able to go with your case, but it really is going to vary wildly from one situation to the next with regard to what tactics work best.

Seeing It Through

What separates the best timeshare exit companies from the rest of the entrants in this market? Often, it comes down to the willingness to work hard on the matter over an extended period of time. The results usually don’t come quickly when trying to get out of a timeshare, so you want a partner who is going to see things through, stick with it, and not give up until you get results.

Sometimes, you can get a good idea of how determined a timeshare exit company will be based on what they state on their website. Are they offering fast results that seem almost too good to be true? That should be cause for concern right away. It’s highly unlikely that this matter is going to be resolved in short order, and an exit company should know that. If they are saying they will get you fast results, they either aren’t being honest or they don’t know what they are doing. Either way, you’ll want to head in the other direction.

A realistic timeline is something that should be laid out at the start, and it will give you confidence that you are in good hands. It can easily take several months, or even the better part of a year, to get this job done. If that kind of time is not something that your chosen exit company is willing to invest in the process, there are others who will be willing to do it, instead.

Seek the Right Partner Today

There are plenty of timeshare exit companies out there ready to take your money, but not all are going to be up to the challenge that this project presents. So, to make sure you get good value for your money – and to give yourself the best possible chance of actually getting out of the timeshare, you’ll want to choose carefully. We are here to help, so give us a call today at 833-416-8796
or use our live chat feature to get started. Putting experience on your side is only going to make this whole process easier, so we hope to have the chance to work with you today.