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Timeshares are difficult to exit once the cool-down period ends. Start by exploring exit options with your timeshare company. Consider selling your timeshare or hiring a reputable...
Pretty much the only reason to even consider the exit company route is if you absolutely can't bear to deal with the timeshare company yourself, and you're willing to pay a lot — prices vary widely, but around $4,500 is common — for someone else to deal with it.
Understanding the average cost to get out of a timeshare can help you make informed decisions and plan your exit strategy effectively. The costs can vary based on several factors, including resort policies, location, and contract terms.
The Costs of Buying into a Timeshare. Many disgruntled timeshare owners question why it is so expensive to exit. In short, timeshares come at a high price. According to the American Resort Development Association (ARDA), the average per weekly interval sales price for timeshares is $22,942.
The cost to get out of a timeshare isn't as simple as stopping payment on your fees. It involves a detailed process with various costs, and these can vary depending on several factors. Knowing what to expect can help you make an informed decision and avoid any hidden surprises.
Prices vary greatly among these companies, ranging from $3,000 to $8,000. For example, Timeshare Exit Team, one of these companies, aligns its fees with the complexity of your case and the timeshare company involved. Resort Fees: Resort fees comprise a substantial part of the cost to get out of a timeshare.
Utilizing the Rescission Period. The cost to exit a timeshare is lowest when owners utilize their timeshare rescission period. Recission is a procedure created by state law which allows recent buyers of timeshare to cancel their contract without timeshare cancellation fees.
How much will a timeshare exit company cost you? If you’ve asked these questions yourself, you’ve come to the right place! Today, we’ll be answering all your questions while giving you some advice about the best way to exit timeshares.
Maintenance fees. Timeshare maintenance fees average around $1000/year and may increase without warning. Some resorts, especially larger or more prominent ones, have higher fees. Special assessments for repairs and improvements are mandatory and unpredictable. They may involve substantial amounts. Difficulty getting quality weeks.
To help owners avoid timeshare scams, and to understand how to exit timeshare legally, ARDA created the Coalition for Responsible Exit — an online resource with background and links to information on how to sell, rent, and exit timeshares via timeshare developer-generated no- and low-cost programs designed to make the process safe and secure.