Timeshare contract cancellation is fairly simple if you follow the guidelines of how to cancel.
The most important point is to identify the length of time you have to rescind your timeshare contract. Read your contract thoroughly and find what the deadline is in order to submit your rescission request. All the information you need is in your contract so read carefully and read the instructions on how to cancel your timeshare contract carefully. By law any real estate purchase has a rescission period.
You need to write a letter notifying the seller/developer that you want to cancel your timeshare contract. There is no explanation necessary. All the seller needs to know is that you are exercising your right to rescind your contract per the terms of the agreement. Include your name, address, contract number and date of purchase in your cancellation letter. If you gave any type of deposit, you must request its return in the letter as well. The company you purchased from may provide you with a form to use should you decide to rescind. In that case, simply fill out the form and mail – making sure it is postmarked before the deadline so you have proof you mailed it on time.
Make sure your rescission letter is mailed before the deadline. Be sure that the letter is postmarked before the deadline date and send it via certified mail with a return receipt request to confirm the day and date it is received. You will also want to make a copy for your records.
Call the seller/developer to confirm they have received your rescission letter before the deadline. Make note of the time and date of your call and the name of the person who confirmed the receipt of your rescission notification. You should have no problem getting out of your timeshare contract if you have followed their written instructions properly.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare resale market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We have been in the timeshare industry for over 30 years and are Accredited Members of The BBB with an A + Rating.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation and make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare resales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
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