Last updated September 6th, 2022
Vidanta is a collection of luxury resorts along with the beautiful scenery of Mexico’s beaches. From high-end amenities to top of the line accommodations, Vidanta claims to give their guests a world-class experience. One unique feature about Vidanta is that they offer entertainment from acrobats and musical performances that reflect the Mexican culture. After traveling to this destination you may have been tempted by skilled salespeople to buy a timeshare, now you want to know how to get rid of Vidanta timeshare.
Did you know that most people who buy timeshares are under the impression that it is a good investment? This is a myth because unlike real estate a timeshare does not increase in value over time, it actually decreases. On average, the second after you purchase a timeshare from a resort directly, it drops about 50% in value.
So how can you get out of Vidanta timeshare and what are the next steps? You have signed a legal contract with Vidanta and the resort developer may be unwilling to help you get out of it. After all, they don’t have much of an incentive to help you get out of your timeshare as they are making money while collecting an interest rate on loans and yearly maintenance fees.
This is where timeshare exit companies come in. Timeshare exit companies exist to help you get out of your timeshare when the resort is unwilling to help you are you cannot sell the timeshare for even $1 on the resale market. These companies have sprung up everwhere because many timeshare owners have realized that they cannot even give their timeshare away for free, and just want to get out of their maintenance fees.
If you choose to work with a timeshare exit company, we strongly advise using one that offers escrow as a payment method in order to avoid scams. A “100% money back guarantee” does not mean anything at all because the company could take your money up front and then go out of business and never refund the money.
Using escrow as a payment method is an efficient way to pursue canceling your timeshare because it does not require a high upfront fee or the possibility of getting scammed. Furthermore, by using escrow, you do not have to pay the company until after the timeshare is out of your name. Timeshare exit companies that offer an escrow payment option are the safest choice because they are the ones who are held accountable. An escrow service provides protection for both the timeshare owner and the exit company because the company can’t get paid in full until they have delivered their promise, and they are satisfied with the knowledge that they will get paid in full once the timeshare is cancelled.
Learn more about escrow and why it’s important here. Or, give us a call, initiate live chat, or submit a contact form for your free timeshare exit consultation.