For most of the things you can own in life, getting rid of them is easy enough. Some things, like a house, tend to hold onto a lot of value, while others – like a car – will shed their value over time. Either way, you can usually get rid of the things you own when they are no longer wanted, either by selling them or just tossing them out.
If only that was the way it worked with timeshares. Instead of being able to just get rid of your timeshare, you have to find a way out that won’t leave you trapped with the obligations of an owner for years to come. There are often no good answers, which is why people turn to options like the Wood Ikram Law Firm to get help. If you have been wondering whether or not this would be a good partner for your situation, the page below should hold some helpful answers.
Checking Out The Website
As a starting point when looking at any type of timeshare exit website, I like to take an overview of what the business is and who is behind it. Unfortunately, these kinds of businesses are often rather secretive, and you don’t quite know what is going on. That’s not the case here. This is a real law firm, and you can see exactly who is offering the services. I consider that a great start and it immediately gives this option some credibility.
Back on the page that talks specifically about the services offered to help you get out of a timeshare, the page goes into some detail about how they would proceed if you retained their services. Again, this is nice to see. You’ll be able to read through the points that highlight how they go about a timeshare exit, and offer a free consultation to help you hit the ground running. The content on this page makes it clear that Wood Ikram Law Firm clearly understands what is wrong with the timeshare industry and why so many people need to make their way out.
I don’t see anything on this page that would cause me to be concerned about the services being offered. That doesn’t necessarily mean that this will end up being the right choice in your situation, but you could at least have confidence in reaching out to the firm to learn more and go through a free consultation.
Looking for Helpful Reviews
It’s usually pretty easy to find reviews – positive or negative – regarding the performance of law firms. However, when looking around for comments about the abilities of Wood Ikram Law Firm to get the job done on timeshare exits, there isn’t a whole lot to go on.
Unfortunately, it gets worse, as the reviews that are available don’t tend to be particularly positive. For example, here is one review that was left by an unhappy client on Google –
Of course, this one bad review doesn’t mean that the firm isn’t going to be able to get results for you, but it’s a little worrisome. What’s even more concerning in my opinion is that there really aren’t any positive reviews about timeshare exits to counteract this negative one. There are a few general, rather generic positive reviews about the firm, but none that I have found that specifically talk about how the firm has performed in a timeshare case.
Does that mean you should cross this option off of your list? Not necessarily, but I would want to know more about why I should trust them with this important job and how they are going to get it done. If you decide to reach out and learn more, be sure not to make any upfront payments and be willing to move on to another option if you decide that this firm isn’t the right fit for your needs.
How Do Timeshare Exits Really Work?
At this point, you obviously know how to get into a timeshare – that’s how you became an owner – but you don’t yet know how to get out. And, the process of getting out is made intentionally murky, as the company behind the timeshare doesn’t want you to leave. I’ll break down some of the basics of the process in this section, so you can get a little clarity on how it works.
First, without any question, the best way to leave a timeshare is to use the recission period. That’s a period of time right after you make the purchase during which you have the legal right to back out of the deal with no consequences. That’s a great opportunity, but it only lasts for a few days, depending on where you are. If it so happens that you are reading this page shortly after buying your timeshare, do your best to use the recission period to leave and never look back.
Assuming that isn’t going to be an option, your next best bet is to talk directly to the timeshare company to see what is possible. They might have a “deed back” program that will allow you to leave the timeshare by simply turning in your ownership rights and walking away. This would be a great outcome – even though you won’t get anything from the timeshare, you’ll at least be free from its obligations and can move on with no more worries. Even if you are told no the first time, it’s a good idea to keep checking in with the timeshare to see if things change and an offer to leave becomes available.
If the timeshare company won’t take the deed back, one other choice before turning to an exit company for help is to try selling the timeshare. The second-hand market for selling timeshares is notoriously tepid, but it’s always possible that you will find a willing buyer out there somewhere. Trying to sell the timeshare is the kind of thing you can be doing while also exploring other avenues at the same time to get out.
Keep Yourself – and Your Money - Safe
One thing I want to make perfectly clear on this page is that you should never put your money at risk when trying to leave a timeshare. You’ve already spent far too much money on the timeshare over the years, and you shouldn’t have to watch any more of it fly away just because you want some help getting out.
So, how do you make sure you don’t lose any money when trying to get out of the timeshare? Simple – don’t turn your money over to a company that hasn’t yet delivered any results. In the best case, you’ll use an escrow service that will hold your money while the exit company works. That way, you only approve payment once you are out of your contract and everyone is happy. As long as you stick to this important piece of advice, you should be able to avoid any problems as you hopefully move toward a smooth timeshare exit.
Frequently Asked Questions
What else is there that you would like to know about timeshares? Check out these FAQs to see if they can add to your base of knowledge on this important topic.
Q: How long is the recission period for timeshares?
A: The recission period that you will have available on your timeshare purchase depends on where you made that purchase. In some places, it might be just a few days – while other areas offer a couple of weeks. Check the local laws for more information.
Q: How do I list my timeshare for sale?
A: There are a number of different timeshare listing websites available to put your timeshare up for sale and see if anyone happens to be interested. It can be hard to garner interest when so many other people are also trying to get rid of their timeshares, but it’s at least worth a try.
Q: Can I negotiate with my timeshare company to get out?
A: You can always try to negotiate, and you’ll find that this tactic comes with varying degrees of success. It’s worthwhile to reach out, explain your situation, and see if they are willing to talk about an exit strategy that will be satisfactory for both sides.
Now is the Time to Leave Your Timeshare Behind
If you feel stuck in your timeshare, I know that feeling is not a good one – but it doesn’t have to be permanent, either. The good news is that it is possible to get out of a timeshare, whether you work with Wood Ikram Law Firm or not. As a starting point, give us a call today at 833-416-8796 to chat about the situation you are facing and what your options might look like. Don’t wait any longer to finally clear this hurdle in your life!