The internet is flooded with timeshare exit companies claiming to provide a way to get out of your Vistana Timeshare. But the truth is that all these companies charge hundreds and thousands of dollars, and nothing is served right.
How do these companies like Vistana trap owners and do business? To get the truth, keep reading.
This guide will help you learn why Vistana timeshares are a nightmare for owners, how to cancel the contract, avoid timeshare scams and escrow services, and connect with legitimate timeshare exit companies.
Why Owners Want To Sell Their Vistana Timeshare
Vistana, now owned by Marriott, provides a free service for existing Vistana owners to exit their ownership. But be alert and don’t fall into the trap. These timeshare companies offer such services to indulge the owner and complicate the cancellation process.
This complex cancellation process forces the owner to get rid of the Vistana timeshare as soon as possible. The first step is researching legitimate timeshare exit companies to get out of your timeshare. As the timeshare exit industry is the victim of scams, you must take action carefully.
Read our expert reviews/opinions on Timeshare Exit Advice on timeshare exit companies and then make an informed decision.
Rescind Your Vistana Timeshare Contract
You might still be within rescission if you recently signed the dotted line. It is your legal right to cancel the contract without penalties, and it’s your easiest way out.
What Is the Rescission Period?
The rescission period, also known as the cooling-off period, is a window (usually 5 to 10 days, depending on your state) during which you can cancel your timeshare contract. It’s like a “get out of jail free” card, but you’ve got to act fast.
How to Rescind Your Contract
- Write a Cancellation Letter: Clearly state your intent to cancel, include your contract details, and sign the letter.
- Send Through Certified Mail: Use certified mail with a return receipt to ensure Vistana receives it.
- Keep Records: Save copies of everything—your letter, the receipt, and the correspondence.
Click Here To See The Sample Of The Timeshare Rescission Letter.
Negotiate Directly with Vistana
If the rescission period has passed, your next option is to try negotiating directly with Vistana. While this isn’t always successful, it’s worth a shot, especially if you’re dealing with financial hardship or health issues.
Selling The Timeshare
Selling your Vistana timeshare might seem logical, but here’s the harsh truth: the resale market is flooded, and timeshares often sell for pennies on the dollar.
Challenges Of Selling A Timeshare
- Low Demand: Most buyers prefer purchasing directly from the resort.
- High Fees: You will likely pay listing fees, commissions, and closing costs.
- Scams: The resale market is rife with fraudsters looking to exploit desperate sellers.
If you sell, use reputable platforms like RedWeek or Timeshare Users Group. But be prepared for a long and frustrating process.
Why Stopping Maintenance Fees Is a Risky Option
Here’s where things get tricky. Some owners consider simply stopping their maintenance fee payments. While this might seem like an easy way out, it’s a risky move that can have serious consequences.
Risks of Stopping Payments
- Damage to Your Credit: Unpaid fees can lead to collections and a plummeting credit score.
- Legal Action: Vistana could sue you for unpaid fees.
- Accrued Debt: Interest and penalties can quickly add up, leaving you in even deeper financial trouble.
Hiring A Timeshare Exit Company
If you are stuck in the process of timeshare cancellation, it is recommended that you hire a timeshare exit company. However, hiring a legitimate timeshare exit company is another task due to ongoing fraud in the market.
Let us share tips to help you pick a legitimate timeshare exit company.
- Expertise: They know the ins and outs of the industry and can guide you through complicated contracts.
- Escrow Services: Reputable timeshare exit companies use escrow to protect your money until the job is done.
- Peace of Mind: They handle the heavy lifting, so you don’t have to.
Avoid Timeshare Resale Scams
Often puzzled up in the timeshare exit process, owners fall into the trap of scams. That is why we recommend owners not apply for cancellation alone. Involving a legitimate timeshare company is important.
It’s difficult to identify timeshare exit companies’ scams. Watch out for the red flags listed below:
Red Flags To Watch For
- Upfront Fees: Legitimate companies don’t ask for large sums of money before delivering results.
- High-Pressure Sales Tactics: If they are pushing you to sign something immediately, it’s probably a scam.
- Vague Promises: Be wary of companies that can’t provide explicit, verifiable success stories.
At Timeshare Exit Advice, we are committed to helping you avoid these pitfalls. Our reviews and resources are designed to empower you with the knowledge you need to make informed decisions.
Final Thoughts
Cancelling a Vistana timeshare might feel like an uphill battle, but it’s not impossible. Whether you are within the rescission period, negotiating with the resort, or exploring other options, there’s a path forward.
But let’s be honest; handling this process alone can be overwhelming. That’s where our team of experts comes in. We have done the legwork to connect you with legitimate timeshare exit companies that can help you break free from your contract without the risk of scams.
Are you ready to take the first step toward freedom? Then, let us help you find the right solution for your situation.
Still feeling stuck? Don’t worry, we have got your back. Visit Timeshare Exit Advice to explore your options and connect with trusted timeshare exit companies. Please complete our simple form today, and let us help you reclaim your financial freedom.
Your dream of a timeshare-free life is just a click away!
Can I cancel my Vistana timeshare after the rescission period?
Yes, but it’s more challenging. You must explore options like negotiation, selling, or hiring an exit company.
How long does it take to cancel a timeshare?
It depends on the method. Rescission is quick, but other options like selling or working with an exit company can take months.
Will cancelling my timeshare affect my credit score?
It depends on how you cancel. Stopping payments can hurt your credit, but other methods like selling or hiring an exit company won’t.
How do I know if a timeshare exit company is legitimate?
Look for companies with positive reviews, transparent pricing, and escrow services. Timeshare Exit Advice reviews can help you find trustworthy options.
How long does it take to cancel in the rescission period?
In the recession period it takes three to ten days for timeshare cancellation.
