How To Get Rid of Your Timeshare Legally
When you get invited to a timeshare presentation, you are usually offered some sort of bonus for your participation. A lot of the time shares offered in Florida, for example, may offer you the chance to spend two or three days in the timeshare for free, or they may invite you to purchase tickets to some of the large parks at a steep discount. Many people will go to the timeshare presentations thinking to themselves that they just want to get the free tickets and leave. Then the presentation begins and little by little they are drawn in to the idea of owning a timeshare.
At the end of the presentation, they walk out with the tickets and timeshare. They may even use the timeshare a few times, but they soon realize that it’s not right for them. So what do they do? They call the individuals who sold them the timeshare and say they no longer want it. Unfortunately, when they do that, they are politely told that the timeshare transaction is final and there is no way to legally get out of the timeshare agreement. This leads the frustrated buyer to start searching online for terms like how to get rid of timeshare legally.
Your Participation in Timeshare
It is good to know that in a number of states if you purchase a timeshare, you have the right to rescind your timeshare within a certain number of days after the purchase. In most cases, it is one or two weeks. This means that within that one or two week time frame, you can send a certified letter to the timeshare company saying that you want out of the deal and by law they have to release you from the deal.
What happens, though, if those one or two weeks have passed and now you can’t just break off the arrangement with the timeshare company? Some people have been able to sell their timeshare online. There are certain factors that will determine how easy or hard it will be for you to do this, including whether or not the timeshare is paid off in full or if you still owe money on it. Another factor will be the location of the timeshare.