It’s pretty common for us to take impromptu decisions and end up doing something that we actually regret doing in the long run. Don’t you do an impulsive buy of an expensive car and then wonder if you had that money, you could have spent it on something better? Or do you go into a posh showroom, look at the fancy Louis Vuitton bags and end up buying one, and later wonder it is just a simple bag!!
Well, you are not alone! There are many people around the globe who do impulsive buys and then eventually realize it to be a wrong investment! Similarly, if you have bought yourself a timeshare recently and are wondering how you must cancel it, look into our next segment!
We have covered almost everything you need to know about a timeshare purchase cancellation!! So, let’s hop right in!
Can You Cancel a Timeshare Purchase?
Are you looking out for a Vidanta timeshare cancellation? Well, my friend, before we get into the first segment, let’s find out whether or not you can cancel a time purchase and then speak about the duration of it!
So, if you want to cancel a timeshare purchase, you can very well go ahead and do that. But that doesn’t just end there. You have to look into the part which tells you clearly that a timeshare cancellation period is limited. One doesn’t have all the time in the world to get their money back!
So, if you tend to cancel a timeshare, you would have to do it within a certain period. And how long that period is, we’ll talk about right now!
How Long Do You Have to Cancel Your Timeshare Purchase?
Generally, the time period allotted behind a timeshare cancellation period is limited. However, each company may have its own way and time limit. And that would ultimately depend on the timeshare company’s rules and regulations.
As a whole, a timeshare cancellation period is known as recission. And period is limited to about 15 days. Within 15 days of your purchase, if you think there is something unethical mentioned in the contract, or you think that you wouldn’t be able to continue paying the maintenance fees and more, you can cancel the contract. Check out this article to learn more on how to write a hyatt residence club timeshare cancellation letter.
However, if this period exceeds, you will not be able to cancel the timeshare contract. And in that case, you would certainly have to look out for alternatives to work on.
So, as we have discussed with you this section, let’s take a look at what your alternative should be if you are unable to cancel your timeshare contract.
What are Your Alternatives If You Cannot Cancel a Timeshare Purchase?
Since the cancellation period is minimal, there is a chance that most end up missing it. And that’s quite normal. So, there is nothing that you need to feel disheartened about! You can quickly go through some alternatives and end up coming out of the burden.
So, if you want to find out what they are, go on reading the next segment!!
· Check whether the timeshare company will buy your timeshare
It’s expected that timeshare companies end up buying the timeshare themselves. In general, they would not want any outsider to come in between. So, there is a high chance that this could happen. So, you should speak to the timeshare company to find out whether they want to buy the timeshare themselves or not.
· Look out for other buyers
In most cases, it is seen that timeshare owners don’t look for buyers. But we would want you to find out yourself if you can get some potential owners. For that, you can take the help of advertisements. Or even at times, just asking people around you might be helpful. So, it’s advisable that you look out for buyers and see whether or not you have a few potential buyers around you.
· Speak to a timeshare exit company
When all doors close for you, it’s time you look out for expert help. These companies are specially made keeping in mind the timeshare holders’ conditions. Moreover, they have a set of lawyers too who can deal with your case and make you win it in the end. And hiring these companies will ensure that you get a genuine response.
Final Thoughts
As we come to the end of our blog today, we hope you know the exact time limit you get to sell your timeshare. Moreover, we’ve given you a brief about whether or not you will be able to sell your timeshare.
So, make sure you read the documents carefully; lookout for ways to ensure that you read the documents carefully before you sign up for anything. Doing anything in the blank could be dangerous and get you into trouble. So, every time ensure you read the documents carefully and speak to the timeshare company about the cancellation.
