If you are regretting your decision to purchase a timeshare, try these timeshare exit strategies to get rid of it.
1. If you bought within the past seven days, you can legally cancel without penalty. Simply mail a letter to the seller stating you do not want it.
2. If you are unable to pay for the timeshare, stop paying the bill. If you are at a point where you cannot financially deal with the property, you have the option to go into self-foreclosure. By not paying the bill, the timeshare seller has the right to repossess the property. While this will ding your credit, it does get you out of the contact.
3. Determine if the timeshare contract has been violated. If the property is in poor repair or if it is impossible to book the weeks that you were promised, you can legally get out of the contract. Be aware that it may become necessary to prove this in court.
4. Sell the timeshare. There are plenty of websites that sell timeshares. Consider selling just a few weeks for the cost of your maintenance fees, or just getting rid of the entire asset.
