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There is a lot of confusion that surrounds just about every part of the timeshare industry. From what it costs to buy a timeshare, to how much it will cost to own one and how it can be used, to what needs to happen when you want to leave, there are usually far more questions than answers.
If you are at the “wanting to leave” stage of the experience, you might feel completely frustrated with what seems like one dead end after another. That’s where timeshare exit companies like The Timeshare Doctors often come into the picture. But is this the right team for your needs – and do you need a timeshare exit company at all? I’ll answer those questions and plenty more below.
Paying Their Website a Visit
Learning about any business in the 21st century tends to start by looking at its website. This is the modern version of walking up to the front of a business or going inside to talk to the owner. You’ll learn the basics about what it does and what it offers, and you can go from there.
When you visit the website for The Timeshare Doctors, you are going to find that one thing stands out above all else from the start – there is very little content on the site at all. The homepage goes through a three-step process to “get started”, but it doesn’t really say anything of substance. If you click on any of the other tabs, you’ll find little more, including on the About Us page where there is only generic information and nothing to distinguish this company from the rest.
At the top of the page, there is a header that allows you to click to a form and submit information about your timeshare. Presumably, if you submit information, someone will reach out to you soon and discuss what they can provide. Perhaps going through that process would lead to getting more info than what is on the site, because you aren’t going to learn anything much by browsing the few pages that are present.
Most people will likely have a bit of doubt over working with The Timeshare Doctors based on their lackluster website alone. A company that put more time and effort into building an informative, useful site may seem like a more appealing partner for such an important project. If you are interested in considering this company as a partner for your timeshare exit, you’ll want to call or send an email to get more information before moving on.
Learning from Other Timeshare Owners
It’s a big decision to trust your timeshare future to a company that you haven’t worked with before, but there really isn’t any way to get experience with a company other than just signing up and hoping for the best. To give those hopes the best chance of ending positively, take some time to look at reviews from past clients to see what they have to say.
There is only one problem when trying to use reviews to evaluate the services provided by The Timeshare Doctors – there aren’t any reviews to be found. Searching the web in places like the Better Business Bureau and other common review sources turns up a whole lot of nothing. There might be a random review or two lingering around the web somewhere, but unless you go digging deep into the net, you are unlikely to find it.
So, where does that leave us with The Timeshare Doctors? It’s hard to know. There is so little information provided online about this business – between the website itself and the lack of any third-party reviews – that you can’t really form an opinion in one way or another. To be sure, you’d have to find a way to get some confirmation that The Timeshare Doctors would actually be able to deliver on the services that they promise on their site. If you can’t get to a point with this company where you feel confident about their services, it might be best to simply explore some of the many other timeshare exit companies that are available today.
What’s the Right Way to Leave a Timeshare?
If you spend any time exploring the internet on the topic of how to get out of a timeshare, you’ll quickly find that there are countless opinions and theories out there to consider. Which ones should you value? As a starting point, I can tell you which ones to ignore – anyone telling you to just stop paying on your timeshare as a way to get out does not deserve your time or attention.
Stopping the payments on your timeshare is a recipe for disaster, plain and simple. Taking this approach is going to do more harm than good and will leave you with credit damage and still no clear path away from the timeshare life. That’s not the outcome you are trying to reach. Instead, you should be trying to get out in a way that is going to leave you without any credit harm and with a bright financial future.
To make that happen, you need to stay current on your payments if at all possible until you no longer legally own the timeshare. That might take longer than you want to happen but try to be patient and stick with the process. You could end up leaving by selling your timeshare, you might be able to give it away to a friend or family member, or you may even be able to give it directly back to the developer. Whatever the case, only consider the matter closed when you are officially no longer the owner and have no more financial responsibilities to handle.
A Costly Mistake to Avoid
The last thing you want to have happen when working with a timeshare exit company is for the experience to wind up costing you even more money than you have spent already. The timeshare life can be expensive, so losing money to an exit company that doesn’t deliver will just be an additional burden that you have to bear.
Escrow can help to prevent this outcome. Rather than turning over your money to the exit company right at the start, work with one who is willing to use escrow services to protect your funds until the job is done. That way, the money is held between the two parties and you will have some recourse in case they don’t deliver as you expected. If a particular exit company isn’t willing to use an escrow account, simply move on to another that will.
Frequently Asked Questions
What else do you need to know about leaving a timeshare before you jump into action? These FAQs may have information that will help clarify your thinking on this important project.
Q: Do timeshare companies have to let you leave?
A: In a word, no. When you agree to purchase a timeshare, you are entering into a contract that comes with a set of obligations. One of those obligations is that you will need to pay maintenance fees and any assessments that come up until you are no longer an owner. And, importantly, you can’t just leave the timeshare whenever you want – you’ll need to find a way out, such as selling the timeshare to another party.
Q: Is it legal to sell your timeshare to a new owner?
A: Absolutely – as long as you can find a willing buyer. There is nothing stopping you from selling the timeshare from a legal perspective, but the tricky part is finding someone who is willing to take on the obligations that you are trying to escape. If you can find such a buyer, getting out through a sale is one of your best options.
Q: What is the first step in getting rid of a timeshare?
A: I recommend reaching out to the developer of the timeshare directly when you decide that you want to leave. Tell them of your desire to exit the timeshare and see what they have to say. There might not be anything that they are willing to do for you, but this is a starting point and you can move forward from there.
Whatever You Choose, Get Started Soon
The frustration associated with trying to leave a timeshare causes many people to simply fail to act at all – they just continue to be frustrated without getting any closer to a resolution. Of course, that isn’t going to get the job done. If you’d like to finally make some progress, start by giving us a call at 833-416-8796 to chat about your situation, or use the live chat feature on our site to get in touch. We can’t wait to hear from you!
