Do you really want to cancel your timeshare?
October 31, 2013
If this is you, then you have come to the right article. Before you embark on finding a timeshare lawyer or respond to an add on the internet from a timeshare cancellation shark, read a little about what to expect and then decide on your next course of action.
Firstly, you really need to decide whether you no longer wish to use your timeshare, as canceling can be a long an expensive route to take if you have passed the cooling off window. For many, canceling a timeshare contract is more hassle than it is worth when you could be spending time enjoying great accommodations in amazing destinations.
However, if you are positive about canceling your timeshare then there are some steps you can take. Firstly, you need to find out how much time you have within the cooling off period which is the time just after you buy the timeshare. This window of opportunity to cancel your timeshare is different depending on the contract and the country where you bought the timeshare. Usually, the period is between 5 and 10 business days, so you don’t have long to set about canceling the contract.
The first thing you should do is contact the timeshare company that sold you the unit and ask what they require from you. Regardless of what they say, send written notification immediately stating that you want to cancel the contract within the cooling off period – make sure you have proof of posting.
If you do not fall into this category, then cancel your timeshare is going to be a lot more complicated and you will need to get a professional timeshare lawyer, preferably one that is recommended by someone you know. Beware specialist timeshare attorneys that advertize on the internet or anyone that approaches you unsolicited. There are many scams associated with timeshare cancellation and reselling of timeshare properties so it is wise to be cautious.
Finally, in the meantime, the best thing you can do is investigate the consumer laws for the country where you hold your timeshare and think carefully about whether or not you really want to give up on your investment.
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