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Timeshares are a case of a potentially good thing being ruined by too many downsides. On a basic level, the idea of owning a small piece of a beautiful resort where you can travel once or twice a year for vacations is wonderful. This is the dream that has been sold to millions of buyers over the years.
As every experienced timeshare owner knows, however, the downsides just keep adding up as the years of ownership pass. The ongoing expenses, the difficulty booking a room, the unexpected personal challenges…. the list can just go on and on. And, unfortunately, when you want to leave your timeshare, you might find that it is very difficult to do so.
If you are trying to leave, I recommend at least looking into partnering with a timeshare exit company to make that happen. On this page, we’ll take a look at one such company, Quit Timeshares. Let’s learn more about what they offer and whether you should put them on your list of possible partners.
Gathering Some Basic Information
After that introduction, however, there is limited other information to dig into on the site. The content does claim that the business has a combined 25 years of experience in the industry, although there isn’t anything concrete to back up that claim. There is also some other generic sales copy about how the business is focused on serving customers and can be trusted, but again, not much to back up those points.
Likewise, the testimonials on the page aren’t particularly convincing. The feedback is generic, doesn’t talk about the specific experiences of the customers, and just includes first names. I can’t say whether or not the reviews are authentic, but they certainly don’t do much to inspire confidence.
There isn’t much about this site that would encourage you to take action and reach out to the Quit Timeshares team for help. Nowhere on the site is there a name to attach to the service, let alone a picture that you can use to see that there is a real person willing to stand behind the service.
Trying to Learn from Others
So, if the website isn’t a ton of help, will we be able to find more information elsewhere on the web to support what this company can do? Not really. It’s hard to find anything in the way of reviews or feedback about the service, and the relatively generic name of “Quit Timeshares” makes it difficult to search for the business and not get results that are unrelated. If you did decide to get in touch with Quit Timeshares to talk about your options, you won’t have much to go on in the form of social proof.
Is It Even Possible to Leave a Timeshare?
To answer the question above, yes – it is absolutely possible to leave a timeshare, and if you are able to do so, you’ll be glad you did. Now, with that said, it is definitely not easy, and it’s going to take some hard work if you want to arrive at that new reality.
The first piece of advice I have for leaving a timeshare won’t apply to most people, but it’s still worth mentioning. If you happen to have purchased your timeshare within the last week or so, you might be able to get away easily. Check the rules in the area where you made the purchase to see what the “recission period” looks like. This is the timeframe during which you have the legal right to cancel the purchase and just walk away. Rarely does it extend past 10 days, however, so you’ll need to move quickly.
If you’ve owned your timeshare for longer than that, the next step is to explore alternative methods of getting out. Those could include giving the timeshare back to the developer or selling it on the open market. To try giving it back, contact the developer and ask what programs they might have available to return deeds and get out. Sometimes, they will be open to this option as a way of restoring their own inventory. Such a program won’t always be available but ask consistently and see if something opens up over time. When the timeshare is making a give-back program available, that’s an opportunity you don’t want to miss. Don’t even think twice about making the move – just get out while you can and you’ll never look back.
On the matter of selling your timeshare, you can try out some of the marketplaces online that facilitate such deals. There are going to be far more sellers than buyers on those markets, however, so it’s going to be a waiting game and there is a good chance the timeshare will never sell.
You might think of selling your timeshare as something you can try to do while exploring other ways to get out. There is no harm in having it listed for sale as you try other things and if you happen to get some interest from a potential buyer, then you can stop what you are doing and see if a deal comes together.
One Key Rule for Working with Exit Companies
If you learn only one thing from this page, let it be this – never turn your money over to a timeshare exit company without some type of formal protection so you can get that money back if things go wrong. I don’t care if the company offers a “100% satisfaction guarantee” or whatever they might call it, that’s not good enough. You need actual protection so you aren’t left in an even worse position when all is said and done.
The best way to keep yourself safe while working with an exit company is to demand the use of escrow services. If you put your money into escrow initially, instead of just sending it directly to the exit company, you will have a valuable layer of protection that is going to give you some recourse if the exit company doesn’t get results. They’ll only gain access to your money once they have gotten you out of the contract, which is how it should be.
Frequently Asked Questions
To help you learn as much as possible about the exit process, I’ve added a few helpful FAQs below.
Q: Do timeshare exit companies offer guarantees?
A: They often do, but don’t put much stock in them. As mentioned above, even if they say their service has a “100% satisfaction guarantee”, what does that even mean? How can you be sure that they’ll send your money back if they don’t get the job done? You can’t be, so putting too much trust in the company upfront is a mistake. Be careful, protect yourself, and don’t put your money at risk along the way.
Q: Will I face any penalties from my timeshare company?
A: As a starting point for this process, you should read your contract carefully – or even have a lawyer read it for you – to understand the terms and what an exit could look like. It’s always best to have as much information as possible so you can make a smart decision once some options start to become available.
Q: Why is exiting a timeshare often expensive?
A: It can be costly to get out of a timeshare because of the strong contracts and powerful legal teams that timeshares have on their side. It’s not really a fair fight, so you might have to pay for costly help to level the playing field and find a way out.
Are You Really to Finally Move On?
Most likely, you have landed on this page because you are more than ready to be done with your experience as a timeshare owner. If that is the case, the first step is easy – give us a call now at 833-416-8796, and let’s chat about the situation. You can also use the live chat feature here on the site to get in touch. Either way, we can go over your options and make sure you have a clear vision for getting away from your timeshare as soon as possible.
