Among the 50 states, Nevada is unique in what it offers to residents and visitors alike. While it is known first and foremost for Las Vegas – Sin City – the state actually has countless acres of open land and is particularly rural outside of the hubs of Las Vegas and Reno. That means that many different types of people are drawn to Nevada, and it’s a popular destination for travelers who are looking for all kinds of different activities.
No matter where in Nevada you decided to purchase a timeshare, you might be ready to get out of that ownership deal as soon as possible. Timeshares often don’t work out positively for owners, and it’s common for people to wish to exit at some point after they make the purchase. With that in mind, we are going to use this page to help you understand what your options may be in this situation and how you can get the right help to leave your Nevada timeshare immediately.
Look to Nevada Law to Rescue You
For those who have just recently purchased a timeshare, there is some legal protection in the state of Nevada that you should understand. Unfortunately, this protection is only going to help people who have just signed their papers and now want to go back on that decision and get out of the agreement. If you have been a timeshare owner for months or years, this option isn’t going to help you and you’ll have to move onto some of the other possibilities.
The legal protection that you have available if you’ve purchased a Nevada timeshare very recently is known as a cooling-off period. In Nevada, that period is five days, meaning you have as many as five days after you sign the paperwork to cancel that purchase and get out of the deal. Should you happen to be reading this while you are still within that range on the calendar, do whatever you can to get in touch with the developer right away and tell them you would like to cancel. This is the easiest way to cancel a timeshare when the option exists, so don’t let this opportunity pass. Once the calendar flips from that fifth day over to the sixth, you’ll have a much more difficult time moving on from your ownership position.
Communicate with the Developer About Canceling
Like any relationship that isn’t going well, you probably don’t feel much like talking to the developer about anything. If you are ready to move on from the timeshare, it’s because you aren’t happy with what you have received, and you probably don’t think very positively about the resort and what it has meant to your life.
That’s the reality of the situation, but you should set those emotions to the side and reach out anyway to ask for help. In some cases, there are programs and other options available to help you escape the timeshare life and move on. It’s possible that the developer will have an option to simply give back your ownership and end the contract right then and there. Or, you might be able to pay a fee to get out, which could wind up saving you money in the long run as compared to having to keep up with paying maintenance fees and assessments moving forward.
Not all developers will have programs like this available, and some might have limitations or restrictions on who can give back their ownership and when. So, this is far from a guaranteed path to get away from ownership, but it is most certainly worth a try. If you are able to succeed, you’ll avoid the struggle of some of the other paths toward canceling, and you will feel a sense of relief that comes from no longer being legally obligated to the timeshare. And, of course, if it turns out that your Nevada timeshare doesn’t have any such path available to cancel, you can then move on to the other potential solutions.
It’s Worth a Try to Sell Your Timeshare
If there is an ideal solution in this situation, it is to be able to successfully sell your timeshare, so you don’t have to be an owner any longer – and you could maybe even get some money in exchange for your ownership. Why not try to recoup some of what you have spent along the way as you are leaving? That would be great, but while it isn’t necessarily impossible to bring this dream to life, it’s going to be tricky.
To understand why it’s hard to sell a timeshare, you only need to think about why you want to get rid of the timeshare in the first place. Are you tired of maintenance fees? Don’t want to be on the hook for assessments when they come up? Those are understandable positions, but prospective buyers are likely to feel exactly the same way. Most other people aren’t going to want to take on those financial obligations either, which is a big part of why timeshares are so hard for current owners to manage to sell.
You will need to be patient and have realistic expectations if you are going to sell your timeshare. Most likely, the sale price will be quite modest – it might not even be more than a dollar – but that kind of deal could still be worth it to you. Remember, the ultimate goal is to free yourself from the timeshare and the legal obligations that it contains, so getting much in the way of a sale price should be a secondary concern.
Record Everything That Happens for Use Later
We’re going to be rather honest at this point – you simply can’t trust the timeshare developer to treat you fairly in this process. That’s not to say that you won’t be treated fairly or honestly, but you can’t trust that it will play out that way. With a significant portion of your financial future at stake, it’s better not to take chances.
With this in mind, what you want to do is keep records of any communications that you have with the developer along the road toward trying to cancel. So, if they send you anything in the mail, or an email, you want to keep those records and know where they are in case you have to prove something later on. And, if you are talking on the phone with the developer and you are offered something or told something important, don’t just trust that the person who told you that is going to honor it later. Ask to get it in writing right away so there are no problems down the road.
Don’t feel bad about being a bit suspicious about this whole process and having doubts about how the timeshare will treat you. All you need to do is look out for yourself and your family in this situation. You can be sure the people on the timeshare side of the equation are going to be looking out for what’s most important for their business, and you don’t owe them anything. Think of this as a business transaction and always stand up for your side.
Timeshare Exit Services Are Ready to Help
We’ve given you some useful ideas so far on this page, but it’s possible that you go through various options and still find yourself the reluctant owner of a timeshare. That’s a position that countless people find themselves in across the country – not only people who own timeshares in Nevada, but also in many other locations.
Getting out of a timeshare in that situation isn’t impossible, but it is tricky. To get help, look to a timeshare exit service that has been designed to make it easier for people in your spot to finally escape. A good exit service will have lawyers and other professionals on their team to find ways to work through your contract and get out in one way or another. Each situation is unique, so it’s important to have a team that understands the industry and knows how to evaluate your circumstances before proceeding strategically.
If you are going to hire a timeshare exit company, only consider working with one that is going to use escrow to keep your money safe while they work. Putting your money in escrow is an important layer of protection that you don’t want to go without. Some timeshare exit companies will take money from customers and won’t wind up delivering meaningful results, which is why you don’t want to hand over your money at the start without any guarantee of an outcome. Use escrow and have some security while the exit company gets to work.
Leave Your Nevada Timeshare Behind
If you don’t want to own your Nevada timeshare any longer, it’s up to you to take the first steps in that direction. With that in mind, pick up the phone now and call us at
833-416-8796, or use our live chat feature to get started. Given the significant financial impact that a timeshare can have on the rest of your life, this is an important matter and you want to have the right partner on your side. We’d love to get started today!