Timeshare Release Now vs other Timeshare Exit Companies

Owning a timeshare can end up being a huge regret. If you purchased a timeshare that you don’t want anymore, you need to know how to get rid of a timeshare. Between maintenance fees and high monthly payments, you can’t afford to keep your timeshare. Read on to learn the benefits of timeshare cancellation and figure out how to get rid of a timeshare, for good!

You came back from vacation this year with some cheap trinkets for the kids, a sunburn, and a timeshare. While a sunburn can be painful, the worst souvenir you brought with you was a timeshare. You never thought that you would fall for a timeshare scam, but here you are, making a monthly payment of a few hundred dollars plus an annual maintenance fee that can be upwards of a thousand bucks.

What do you get for your money? In many cases a whole lot of nothing. Between booking premiums and inflexible “flex” points, you may find that you can’t go on any vacation that peaks your interest. So you settle. Until you don’t want to settle anymore and then you start researching how to get rid of a timeshare.

One option is to try to sell your timeshare. During the presentation, the timeshare salesman convinced you that this would be easy. In fact, you may even make a little extra cash by selling your timeshare. I am sorry to be the one to break it to you, but neither of these are true. Selling a timeshare is difficult. The retail market for used timeshares is almost non-existent, and even if you can find a buyer, your timeshare is most likely worth only a fraction of what you paid for it.

Of course, there are some cases when selling is the answer to how to get rid of a timeshare. Timeshares that are at in-demand resorts who sell limited quantities can sell for a significant chunk of money. In fact, recently a timeshare at a resort in Maui sold for $150,000. But, this is a luxury resort in Maui, not a second rate timeshare from a hotel in Scottsdale or somewhere in Florida.

Most timeshares end up being sold for a fraction of what was paid for them. The average price for a second-hand timeshare sale is $7,000. So, if you bought your timeshare for around $30,000 (the average price), you are losing over twenty thousand dollars. As you can see, selling a timeshare may not be the best option for you.

Another way to get rid of a timeshare is to gift it to a friend or family member. If you know someone who wants a timeshare, this can be a great idea. They take over your monthly payments, and you don’t lose any more money. The downside here is that it can hard to even give a timeshare away.

Whoever you gift it to has to actually want a timeshare and be able to take over monthly payments and the yearly maintenance fee. All in all, a timeshare is a very expensive gift that not many people want. In fact, according to the AARP, the majority of people surveyed would reject a timeshare gift.

So, you sure as heck can’t sell your timeshare and now you can’t even give it away. You may feel the situation is hopeless and you won’t be able to figure out how to get rid of a timeshare.

It is not hopeless. With the help of our timeshare exit team, you can do a timeshare cancellation. This will get you out of your timeshare without any additional timeshare exit cost. You will be able to legally stop making your timeshare payments without having to find someone to take them over for you. With a timeshare cancellation, you walk away from your timeshare, free and clear.

Our timeshare exit team cost is reasonable, and we can get rid of your timeshare. We review your contract and then get to work. Once you enlist our help, you don’t have to talk to the timeshare company anymore, we do it all for you.

We create a resort authorized cancellation letter that is guaranteed to get rid of your timeshare. If we can’t cancel your timeshare for any reason, you get your money back. We are not at timeshare resale scam, and we do not work for the resort industry, we work for you.

Here at Timeshare Cancel Center, we are the real deal, and we can get you a timeshare cancellation. Call us today to learn more and to get a free timeshare exit team review of your timeshare contract.

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Timeshare Fraud Prevention from Timeshare Exit Companies

Regular readers of our blog are probably familiar with ARDA, or the American Resort Developers Association, the political voice and lobbying arm of the timeshare industry.

Earlier this spring, ARDA held its regular ARDA World conference, the largest gathering of timeshare developers in the world. Jeff Weir, timeshare expert and chief correspondent for RedWeek, was able to attend this enormous soiree in person, as he recently detailed in an “Ask RedWeek” column.

We think it’s important to highlight some of the findings that Weir took away from this massive networking and educational event. In particular, we found our attention piqued by Weir’s account of one educational panel, dubbed “The Effects of Buyer Regret on Rescission: Recognizing, Revealing and Rectifying Regret,” which was led by Dr. Amy Gregory, an assistant professor at the University of Central Florida Rosen College of Hospitality Management, whose research focuses on “Vacation Ownership, Revenue Management, and Conjoint Analysis,” according to her website, Timeshare Education.

Dr. Gregory’s findings are staggering. Let’s look at some of the ones that Weir highlights:

  • The average rescission rate is 15% – essentially identical to the daily average percentage of people who buy a timeshare following a sales presentation
  • 85% of all buyers regret their purchase, citing reasons including money, fear, confusion, intimidation, and distrust
  • 41% of buyers never thought they would regret their purchase, but ended up doing so; 30% were neutral prior to buying, but came to regret their decision
  • 95% of all buyers go back to their resort and sales team for more information after the sale, usually within one to three days, seeking more information about maintenance fees, resale options, and pricing alternatives

In an interview with Weir after her presentation, Dr. Gregory also expanded on some important “regret-and-remorse” factors that drive timeshare buyers toward rescission. First, she cites the “price tag” as a big factor that inspires remorse, which is particularly telling when you consider that, according to research presented at this year’s ARDA World, the average price of a new timeshare is $20,040. Dr. Gregory also suggests that “intervening factors” play a huge role in persuading customers to cancel a purchase; in the case of timeshares, these factors include “negative feedback from a friend, finding conflicting information about timeshares on the Internet, frustration navigating company websites, or mixed messages from other sales personnel.”

Broadly speaking, Dr. Gregory’s findings provide concrete examples for what those of us who work with the timeshare industry have long known. Her information, for instance, reaffirms our belief that timeshare sales presentations, while effective at securing a closing, do not provide all of the information that a consumer really needs to make a confident, educated purchasing decision. Her research, too, singles out many of the same factors that our clients have come to us complaining about, including daunting maintenance fees and the anemic nature of the secondary market.

And, finally, Dr. Gregory’s report confirms our belief that the industry’s culture of unfriendly consumer practices will ultimately only result in the timeshare business “eating its young.” As Weir points out, getting a handle on “regret-and-remorse” could greatly benefit the developers themselves, who are losing value with each cancelled sale; as he notes, “if the industry reaches $10 billion in annual sales, that means an additional $1.5 billion in sales were cancelled.”

And don’t forget the consumer! Adopting a more open, forthright, and affordable approach to every aspect of the timeshare purchasing process will benefit buyers as well. As Dr. Gregory tells Weir, “from a buyer’s perspective, it will be a positive outcome if we can alleviate some of their regret at time of purchase.”

For more fascinating findings from the ARDA World event, we encourage you to read Mr. Weir’s full article for RedWeek here.

Have any questions or concerns? Led by Advocate Dustin Michaels and associates with 25 years of experience, Timeshare Release Now is a consumer protection firm specializing in timeshare contract relief and Timeshare Counseling. Our lawyers & Advocacy Team understand vacation ownerships as well as the many pitfalls of the secondary market of timeshare resales. If you feel you have been victimized by a timeshare company, contact our offices for a free consultation. Know your rights as a consumer and don’t hesitate to drop us a line with any questions or concerns.

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