Timeshare Exit Attorneys & Lawyers
Owning a timeshare can provide you with years of fun-filled family vacations, but eventually you may find yourself wondering how to stop the yearly fees and get out of the timeshare commitment for good. There are essentially three ways you can go about stopping your timeshare fees and transferring the timeshare out of your name.
Timeshare Exit Attorneys
Timeshare exit attorneys work in often questionable ways to get your timeshare out of your name. These lawyers have been involved in several legal battles for engaging in contract cancellation tactics that in some states are contrary to existing state law, leaving the owners in limbo and responsible for maintenance fees.
Many claim a 100% guaranteed timeshare exit solution, but this is not true because the ability to exit your timeshare is ultimately left up to the developer’s discretion. No one, not even a lawyer, can guarantee that you will get out of a timeshare agreement unless they take over the ownership themselves.
Identifying the use of timeshare exit attorneys has been highlighted as a reason why the Washington State Attorney General has handed down a major $2.6 million fine against a well-known exit company.
When you purchased the timeshare originally, you signed a legally binding contract. Imagine if you woke up one day and decided you no longer wanted to make the mortgage payments on your house anymore. Would you contact a lawyer to try and help you break the contract or would you attempt to sell the house on the secondary market? Timeshare developers are very reluctant to give owners an option to exit because they want to continue receiving your maintenance fee payments. A timeshare lawyer can send the timeshare developer a templated form letter asking for you to be relieved of your timeshare commitment, but the resort is under no obligation to do so. In fact, you could send this letter yourself and save the unnecessary cost of the timeshare exit attorney.
Unlike timeshare resale companies like BuyaTimeshare.com, timeshare exit lawyers usually do not attempt to help you get any money back from your timeshare purchase unless your timeshare is involved in a lawsuit. Their number one priority is to get you to give them your authorization to work on your behalf to try and exit the timeshare contract. Some lawyers promise to transfer your timeshare out of your name but, after receiving your authorization and payment, leave you responsible for your ownership and maintenance fees. They are not interested in the opportunities available to make money from the sale of your timeshare. Many timeshare exit lawyers will even tell you that your timeshare is completely worthless, so you have no choice other than paying them to help you cancel it. In most cases, this simply isn’t true. You can see if there is a market for your timeshare by using our free market analysis tool. This tool helps you assess your timeshare's value by using the average asking price of similar timeshares being advertised for sale and rent on BuyaTimeshare.com at your resort. Values can vary by resort location, resort brand, season, unit size and more. In most cases, you should be able to recoup some of the cost of your initial purchase.
Although timeshares are not an investment, many can be sold successfully on resale markets like BuyaTimeshare.com if you are patient.
Reselling your timeshare yourself on a website like BuyaTimeshare.com is the best way for you to receive the most cash possible from your unwanted timeshare. We do not take any proceeds from the sale, so whatever price you choose to sell your timeshare for is what you will receive upon completion of the sale minus closing costs (unless the buyer pays the closing costs, whereby you keep it all). We’ve been in business since 2000 and have spent many years working to bring targeted traffic to our network of websites. We focus on advertising to those who have expressed interest in buying a timeshare. This is why our website can be found at the top of Google for keyword searches such as “I want to buy a timeshare” among other popular buyer-centric keywords.
Reselling your timeshare is easier than a timeshare exit attorney will have you believe. All you need to do is have your deed handy and contact an advertising specialist from BuyaTimeshare.com at 1-800-640-6886. Our advertising specialists are highly trained and can walk you through the entire process from start to finish.
Timeshare brokers are another great alternative from timeshare exit attorneys to reselling your timeshare. They are licensed by state real estate boards and can price your timeshare, negotiate a sale on your behalf and create a purchase and sales agreement for you. Timeshare brokers are well-versed in the timeshare industry and have vast experience with buying and selling timeshares on the resale market.
Most timeshare brokers work on a commission-only basis after the timeshare is sold. This provides you with piece of mind because you won’t need to pay anything until the timeshare is sold. However, this comes at a hefty price. Most timeshare brokers charge a 15% commission or $1,500 on the sale of a timeshare. While there is certainly less hassle associated with the use of a timeshare broker, there is also far less of a reward. If this is the route you’d like to go to sell your timeshare, we would recommend our affiliated brokerage company Timeshare Broker Associates.
In summary, we’d recommend exploring all your options to sell your timeshare first before engaging a timeshare exit lawyer. Give us a call at 1-800-640-6886 or fill out the form on the right side of this page for more information about selling your timeshare on the resale market.