When Is Timeshare Termination a Good Idea?

timeshare termination

Admit it — you were dazzled by the timeshare presentation. You loved that hotel stay you received as a “free” gift. And you couldn’t wait to have a prepaid vacation to look forward to every year.

But now you’re among the 85% of timeshare owners who regret signing on the dotted line.

If you’ve been researching how to exit a timeshare, you know it’s not an easy process. Still, timeshare termination could be in your best interests, even if it takes some time and effort.

Here are five sure signs it’s time to make a timeshare exit.

1. You Can’t Keep up With the Costs

Just like owning a home or a car, you’re responsible for maintenance costs and others fees associated with your timeshare. Unfortunately, these routine costs tend to keep rising year after year.

On top of that, there are always the “surprise” bills that come in the form of special assessment fees. These could land in your mailbox after a hurricane rolls through or if the resort is scheduled for major renovations.

2. There’s Little or No Availability

What good is a prepaid vacation if you can’t book a room? This is the reality that many owners face.

Their dreams of vacationing in Bora Bora are destroyed when they learn the resort is fully booked for the next five years. Or it could be impossible to coordinate your work schedule with the limited weeks the resort is available.

3. You Can’t Buy or Rent Timeshare Weeks

In desperation, many timeshare owners try to rent out their timeshare weeks. This works sometimes, but there’s no guarantee someone will snatch up your offer.

Even worse, owners attempt to sell their timeshare themselves — only to discover that their timeshare has zero resale value. Even if you do manage to find someone to “take over,” you’re ultimately responsible for the payments if they decide to back out.

4. Poor Maintenance & Safety Concerns

Do the amenities keep dwindling with each passing year? Are the rooms tired and dated? Even worse, are there obvious signs of disrepair, such as broken stairs or water damage?

It’s understandable if you don’t want to keep paying into a property that the managers aren’t maintaining. And the last thing you want is to risk getting sick or injured on your vacation!

5. You Don’t Want to Burden Your Kids

Forget diamonds — a timeshare really is forever. After your death, your timeshare agreement will pass to your children or other next-of-kin.

Many aging timeshare owners come to this realization and decide they don’t want to burden their families with unnecessary expenses. Timeshare cancellation is the only way to legally get out of this predicament.

Timeshare Termination: Is It Time?

You made some wonderful memories in your timeshare, but what if it no longer fits your lifestyle — or your budget?

If any of the items listed above apply to you, it’s time to seriously consider timeshare termination. You probably already know that timeshare exit is a tricky process, which is why we’re here to help.

Sapphire Timeshare Cancellation is one of the very few companies that use legitimate (and fully legal) means to cancel your contract. Give us a call at (866) 268-1982 or use our online contact form and take that first step towards getting out from your timeshare.

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