Canceling your timeshare can be an easy process, but it’s also one that many owners dread because of the fees and steep paperwork involved in the process. But if you find yourself stuck with a timeshare you never use, there are several signs, as suggested by timeshare attorney in Florida that indicates whether or not you should cancel your timeshare contract.
You Never Use It
If you don’t use your timeshare, you shouldn’t be paying for it. Canceling may seem drastic, but if you don’t want it anymore and aren’t using it, why keep it? It costs a lot of money each year even if you don’t go, so if there are no other options than canceling can be a better alternative.
It’s Costing More Than You Planned
Don’t get blinded by that all-inclusive, if-you-buy-now-we’ll-throw-in… vacation. Take a step back and really think about whether or not you can afford it. Be honest with yourself when looking at how much you plan on using your timeshare.
If you are considering canceling your time share because of financial reasons, be sure to talk to a timeshare cancellation Florida expert before making any rash decisions. It may be possible for you to work out a deal with your resort company where they will reduce their monthly fees in exchange for fewer days used per year. If that doesn’t work out, then consider canceling.
Improper Financial Advice
Whether you’re going into debt or just buying a timeshare, it’s always wise to consult with an expert financial adviser who can help you navigate your options. This is especially true if your company offers so-called financial advice as part of their sales pitch.
The Property Has Been Sold
If you’re not sure whether or not a timeshare has been sold, call your resort’s main office and ask. If it’s no longer owned by your vacation club, it means someone else owns it and you need to get rid of it—quickly. Even if a sale isn’t imminent, if your property has been purchased for a fair price then there is little reason for you not to cancel, especially if the new owner plans on putting their own family into it. Discuss with a timeshare attorney in Florida and weigh all your options first for better solutions.
Increased Maintenance Cost
One thing that can really make a timeshare experience unbearable is if you end up spending most of your vacation with maintenance workers. While you may need a few things repaired every now and then, too many run-ins with maintenance staff is a sign that you should rethink your timeshare plan.
Don’t overlook these warning signs that indicate you need to cancel your timeshare. Did you purchase a timeshare thinking it would be a cheap and easy way to vacation every year? Unfortunately, many people find that timeshares are anything but convenient and cost much more than expected. Timeshares often come with hidden fees and additional costs, making them difficult to maintain. It’s a good idea to seek the assistance of timeshare lawyers before cancelling your time share contract.