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Use a timeshare exit company

If you’re thinking of selling your timeshare but have no idea how to do it, you may want to use a timeshare exit company. According to a University of Central Florida study, 85% of timeshare owners regret the purchase. If you’re considering selling your timeshare, there are eight reputable companies to choose from.

Reasons to use a timeshare exit company

A timeshare exit company can help you get out of your timeshare contract and stabilize your financial future. These companies work by releasing you from the contract and putting your timeshare on a resale platform. However, it is important to know the risks of using a timeshare exit company.

Timeshare exit companies usually charge a set amount for their services, but the fee will vary depending on the complexity of your case. Some companies may even offer consultation for free, but be sure to check their track record. Also, check their BBB ratings and be wary of companies who ask for money up front.

Companies that offer free initial consultations

Before choosing a timeshare exit company, you should make sure to read reviews of their services. You will also want to ask for references from other timeshare owners. Make sure the company has a good track record and can show you previous cases. Also, timeshare exit companies should be able to explain their procedures in a clear manner.

Unfortunately, not all companies are trustworthy. The BBB issued a consumer alert this past year about one such company, Timeshare Exit Team. Although this company claims to offer free initial consultations, there is no guarantee of their results. It is advisable to use a licensed timeshare exit company that offers a refund policy.

Legality of using a timeshare exit company

Before you sign on with a timeshare exit company, you must be aware of the company’s legality. This type of company specializes in helping timeshare owners get out of their contracts. Some timeshare exit companies have lawyers on staff who can represent you during the process. Moreover, some timeshare exit companies offer to sell your unwanted property.

However, these companies don’t work with timeshare owners who are behind on their fees or who have outstanding mortgages. In addition, they won’t make cold calls to try to lure you into signing an agreement. If you’re suspicious, you should contact your state attorney general’s office or the Federal Trade Commission. You should also contact local authorities if you suspect you’ve been scammed.

Cost of using a timeshare exit company

The cost of using a timeshare exit company varies greatly. A few companies charge a flat fee for all services, while others charge a set dollar amount based on the circumstances. The most common fee is $1,000, though some may charge more depending on the complexity of the case. Some companies also offer free consultations. Before hiring one, check out its track record, escrow services, and BBB rating. And be wary of unsolicited calls.

If you’re unsure if using a timeshare exit company is right for you, contact the Better Business Bureau or the American Resort Development Association for a list of legitimate companies. If you’re still unsure, request a free consultation from a legitimate company. Know on use a timeshare exit company.