Are You The Victim Of A Timeshare Scam?

Are You The Victim Of A Timeshare Scam?


 

A timeshare might seem like a good idea at the time. But many regret their purchase and are looking for a timeshare exit strategy. This can be a complicated process, but you can sell your timeshare. The best place to sell your timeshare is going to be somewhere where people know exactly what they’re getting into by buying a timeshare. This way, you can be confident that they won’t come after you in the future because they feel scammed. If you and your buyer are upfront about everything, you can have the best timeshare resale experience possible.

The ideal customer for your timeshare is someone who is looking for the best timeshare to buy resale. So when you’re looking for a place to sell, also consider where the best place to buy timeshare resales is. If you look at it from the buyer’s point of view, it will lead you to many more potential customers than you would find by only considering the seller’s angle. So look for a buyer who knows how timeshares work and you’ll likely be able to get out of your contract.

Cancelling a timeshare

The law is a tricky thing. Just when you think you’ve pinned down how it works there’s a curve-ball coming from the right, ready to turn your life upside down and leave you scrambling for help. When you find yourself wondering how to get rid of a timeshare, you may very well think you’ve been abandoned by the law entirely. Trust, however, that you’re not alone in your desire to get out of a bad situation and back into the flow of a confident life. A timeshare attorney can detail you the steady process on how to get rid of a timeshare and how to go about getting out of a timeshare contract.

What Is A Timeshare?

More and more people are attempting to find ways out of a timeshare contract. A timeshare, simply put, is allowing multiple people to use your property under a combined contract. While this may seem all well and good, many are finding the negatives are far outweighing the positives. There are many frauds and scams going on involving timeshares, those of which can leech money out of your pocket and leave you desperate for help.

How Many People Own A Timeshare?

Did you know just over 3% of American households own a timeshare? Combine that with the estimated total of 1,500 timeshare resorts in the country and you have a good idea on how widespread this issue is. The average of age of timeshare owners, to boot, are around 46 years old. Considering the long-standing nature of a timeshare, this is an issue that needs to be dealt with sooner rather than later.

Where Are Many Timeshares Located?

Although timeshares are conducted all across the country, there are certain areas that have a higher concentration than others. Studies have shown a stunning 25% of American timeshares located in Florida alone. If you want to know how to get rid of a timeshare in Florida, the first step you need to take is hiring a timeshare attorney experienced in these matters.

Why Are People Eager To Get Rid Of Their Timeshares?

The United States is seeing an epidemic of people wanting nothing more than to snip their timeshare contract. Financial hardship is the major reason many people want out of the agreement. An industry study recently conducted by Ernst and Young saw over half of reclaimed timeshares (also known as properties that are reverted back to the developer) coming from foreclosure alone.

Why Do People Struggle To Get Out?

A timeshare contract can be difficult to get out of. Many companies will actively bully and pester their buyers into staying, leaving many wondering if there’s a better solution in their future. Studies have seen over 85% of timeshare buyers actively regretting their purchase. They cite everything from money to fear to intimidation as to why it’s not working out for them. Have you felt any of the above? A timeshare lawyer can help.

Can A Timeshare Attorney Help Me?

When the average price of a new timeshare can be as high as $20,000, there’s even more reason to keep yourself from losing your hard-earned money. The timeshare industry is a $70 billion dollar industry that thrives on misinformation, intimidation tactics and people too nervous to reach out to a lawyer. A 2016 survey saw over 65% of timeshare owners citing ‘high’ maintenance fees as a reason for wanting to get out of their contract. Another half identified these fees as their biggest reason for living.

What to know how to get rid of a timeshare? Timeshare lawyers are more than a little familiar with how these scams work and can get you on the fast track to undoing the damage that’s been done. Let a timeshare cancellation attorney give you back the confidence you once thought lost.

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