One of the primary complaints that timeshare owners have after years of being with a specific resort or developer is the lack of options they have for travel. If you own a timeshare that only applies to one property, you might get tired of going to the same place over and over again – even if it is a great destination.
With Silverleaf, that’s not an issue. As a Silverleaf owner, you have access to 13 different locations across the U.S., so variety is always available. Unfortunately, some of the other drawbacks of timeshare ownership – like availability and ongoing costs – might be leading you to think about canceling. Should that be the case, I’d like to provide some information below to help you get started on that process.
What is a Silverleaf Timeshare?
Just taking a quick look at the portfolio of Silverleaf locations makes it clear why so many people have chosen to become owners. While Silverleaf doesn’t offer any locations in the western half of the country, there are plenty of places to pick from starting in Texas and moving east. In addition to Texas, Florida, Georgia, Missouri, Massachusetts, and more are covered within the selection.
Clearly, for as long as you are a Silverleaf owner, you are going to have plenty of properties to pick from when booking a trip. Even with so much selection at your disposal, you still might decide that the time is right to move on and start to travel another way. Owning a timeshare can get expensive, as the fees just keep coming, even when you aren’t traveling. Also, the lack of flexibility can be frustrating for some owners. What if the Silverleaf resort property that you want to visit isn’t available when you can travel? You’ll need to alter your plans and pick a different resort, instead. Whatever your motivations, if you have decided that you are ready to cancel your timeshare, it’s important to understand your options for doing so.
A Fast Exit Is the Easiest Path
Pay particular attention to this section if you have just recently purchased your Silverleaf timeshare and are now wondering what you have gotten into and if it’s too late to back out. There is something called a recission period that is in place in almost every jurisdiction to protect buyers who make a choice that they soon come to regret.
The length of the recission period will depend on where you made your purchase. In some places, it’s as little as five days – while in others, it can be as long as ten days. If you just made your purchase within the last week or so, you might still have the legal right to cancel the sale and move on.
The great thing about canceling this way is that you don’t lose anything and the whole transaction will be wiped away. Also, since this is a right that is protected by law, there is nothing that the seller can do about it – if you want to cancel, and the recission period hasn’t expired, you have the right to do so. Just notify the seller in writing, make it clear that you want to cancel, and the job should be done. Of course, it’s a good idea to hang on to documentation throughout this process just in case they want to argue with you later about when you canceled or some other technicality. It’s better to have paperwork that you never need as opposed to throwing it away and wishing you could get it back.
It’s Worth Exploring a Timeshare Sale
Selling your timeshare might sound, at first, like the best possible way to get rid of it. After all, the word “sale” implies that you will be getting something back in exchange for the timeshare, and that’s certainly appealing. If you could get some money for the timeshare and be free from the contract at the same time, what’s not to like?
There are a few issues with selling timeshares that make it not quite as rosy as it might seem at first. One potential problem is simply finding a buyer. Not that many people are interested in buying timeshares for the same reason that you want to get rid of yours – they come with obligations that can get expensive and feel restrictive. Many people prefer to just take their vacations one at a time without committing to anything over the long run.
Additionally, even if you do find someone out there who wants to buy your timeshare, it’s quite unlikely that they will offer you much for it. In fact, they might not want to pay more than one dollar to take over the contract. In other words, you can pretty much write off the idea of making much money back on the deal, but if a sale comes along that just gets you free from the timeshare and able to move on with your life, you could consider that a win.
Trying to Get Help from Silverleaf
While it might seem like Silverleaf would be an unlikely ally in this situation as you try to get out of your timeshare, they might actually have something to offer if you reach out and ask. Occasionally, timeshares will be willing to take back deeds from owners and allow those owners to just walk away from the whole situation. That’s not always an option, but it’s more than worth your time to reach out and ask. If you happen to find that Silverleaf is willing to take back the timeshare, don’t think twice and take advantage of the opportunity before it’s gone.
One important point to understand about this possibility is that you should always keep records of all communications between yourself and Silverleaf. That’s not to say that you can’t trust them – they very well may deal with you fairly – but it’s better to be safe than sorry. Also, if you talk to multiple people during the process, you might get different stories from each one, and that can leave you confused. The more documentation, and proof, that you can accumulate during the process, the better off you will be in the end.
Don’t get discouraged quickly if you reach out one time and are told that nothing is available to help current owners cancel. These programs will regularly come and go over time, so it might be a case where nothing is offered one day and then an appealing program is available the next time you call or send an email. Persistence can be your best friend in this situation.
Timeshare Exit Companies Offer a Potential Resolution
As you have seen so far on this page, there are plenty of ways to try to cancel a timeshare. There is really no predicting which of these methods is going to be effective, so hopefully you’ll find the desired outcome with one of the options we’ve talked about already. If not, it might be time to move on to using a timeshare exit company. Yes, this comes with the downside of having to pay a business for their services, but the plus side is that you could finally be on your way to moving on from the timeshare once and for all.
If you decide to look into exit companies as a way to get out, there are a couple of important points I want to make. First, always look for an experienced exit company that has delivered results for other clients. Some businesses that pop up in this space don’t really have the qualifications or knowledge of this space necessary to get the job done. Find a great partner and feel confident about what they’ll be able to do for you.
My other piece of advice is to always use an escrow service when putting up the money for the work that the exit company is going to do for you. With escrow in use, your money won’t be exposed right from the start, and the chances of being taken advantage of are far lower. You’ll have a layer of protection in place and hopefully the exit company will wind up delivering results before they get paid and the deal is complete.
Swift Action Leads to Swift Results
It’s not always an easy decision to determine what you would like to do with your timeshare moving forward. You’ve probably enjoyed some great trips, but you might be getting tired of the downsides of ownership. Or, maybe you have had a change in your financial situation – or you just don’t have time to travel – and want to cancel to save money. Whatever the case, I’d encourage you to give us a call today at 833-416-8796 to learn more about your options or use the live chat feature on the site to do the same. Either way, I hope we can help!