How do you get rid of Avalon Vacation Club Timeshare? Avalon Vacation Club is located in Cancun, Mexico. There is no shortage of people complaining about their timeshare with this group. There are multiple lawsuits as well.
There are several options that you might want to choose to cancel your Avalon Vacation Club timeshare as follows:
- Use your cooling-off period to rescind the timeshare contract.
- Give or resell your timeshare to any third party.
- Hire a broker to sell your timeshare.
- Gift your timeshare to a friend or family.
- Contact the Avalon Vacation Club directly.
- Get help from a timeshare exit company, but be cautious of the scams.
Timeshares are available either as a single holiday property or as a point system that allows owners to choose from a selection of properties. If you pay the maintenance costs, you buy “time” to use your property. If a timeshare was not your best investment, you may be looking for a way to sell or unload it. And it’s never stress-free. Having a timeshare legally – not all timeshare is swept by a hurricane – can require a little effort and creativity depending on its location and market value.
If you are one of those tricked into buying the timeshare and want to get rid of it, we suggest you continue reading. In this article, we will tell you everything there is to know about cancelling a timeshare.
What is a timeshare?
- According to Wikipedia, a timeshare is a holiday property arrangement that allows you to share the cost of ownership with others to guarantee time to the property.
- However, they do not mention the increasing maintenance and ancillary costs each year that can make possessing a vehicle unbearable.
- These goods may be sold as partial ownership, for rent, or as a “right of use”, in which case the latter has no ownership rights.
You are tired of the time shared and looking for ways to go out and be free. Don’t worry; below are multiple ways that will help you get out of a timeshare.
- Owning a timeshare can take you anywhere; however, denying your timeshare can cause you a huge problem. Getting out of a time-sharing obligation can be a laborious process with tiring consequences.
- Face the fact that you bought an asset depreciating despite what the multi-ownership company at the flashy seminar of the station may have told you. But there are certainly ways to solve your problems.
- Even if some units are real tranches of real estate, they are not like real estate investments where your property takes value. In fact, with continuous annual maintenance fees, they can quickly become a liability.
We know you are eager to know if there are ways to get out of a quick timeshare.
The good news is that, yes, there are ways!
However, you can’t just leave the time-sharing vacation. This is because:
- You are usually obligated to pay maintenance fees as long as you have them. If you do not know the maintenance fee or loan payment information on time, the time-sharing vacation company or association can report your credit score to the receiving company.
- Even in good times, owners sometimes struggle to take time-sharing vacations. They want to know how legally the contract binds it to a lifetime holiday. People have a completely different feeling about their time-sharing vacation.
- The frequently cited study of the University of Central Florida said that 85% of the contracted timeshare owners regretted their purchases.
- Check your state’s laws on cancelling contracts. Even if your time-sharing agreement does not mention it, many states provide consumers with a “calm period” to cancel most contracts within a few days or weeks.
- You can find information about your state’s contract law on your state’s Consumer Affairs Department website.
- If you encounter difficulties interpreting your state’s contract laws, please contact your state’s prosecutor’s office for more help. Or, if you have a non-profit organisation in your state, they may be able to help you.
- Contact lawyers or firms specialising in contract law or cancelling time-sharing vacations. Ask them if they can sue the time-sharing vacation company. In the face of potential litigation, many time-sharing vacation companies may terminate the owners of the contract.
- Ask the lawyer about all obligations, current, future, and conditional (depending on certain circumstances).
- Contact the company that manages your timeshare vacation. Tell them that you want to sell it. Some time-sharing vacation management companies help owners sell time-sharing vacations in exchange for a certain proportion of sales revenue.
Time-sharing vacations will be quickly depreciated, so selling them at the original price may be difficult. If you owe more money on a time-sharing vacation than you can sell, please ask your time-sharing credit to sell it at a price lower than the outstanding balance. This is called short selling.
What if I stop paying the fee?
Some owners just stopped paying fees, hoping that they could get rid of the time-sharing vacation. Experts are very different about this strategy. Here’s how:
- The time-sharing vacation company will report the credit agency that has yet to pay the fee to you. That will damage your credibility.
- However, giving up a time-sharing vacation may be a feasible exit strategy if you don’t care about your credit rating.
- Getting out of a timeshare can be difficult because of the process you will undergo. Thus, hiring a professional timeshare exit company can relieve you of a significant burden. And luckily for you, we at TimeshareExitAdvice.com can find the right exit company for you.
- We all know how you feel about owning a timeshare (a place to feel at home and visit again and again, knowing it’s yours for a week or two).
- Thus, when you want to withdraw from the agreement because the calendar no longer works or you simply cannot afford the ever-increasing annual maintenance costs, we always remain at your service.
- So, the truth is that getting out of a timeshare agreement is infinitely more difficult than entering it.
- Fortunately, you don’t have to worry because there are ways to escape it. Discover these options below:
Use the termination period
- This is one of the ways to get out of a timeshare. Terminating is a short period during which you take over the purchase decision and move away from timeshare.
- In some countries, such as the United States, each state decides on the duration of the cancellation period. They range from three days (minimum requirement of the Federal Trade Commission) in states such as Indiana and Massachusetts to 15 days in Alaska.
- If you use this clause, follow it to the letter and do everything necessary to cancel the contract officially.
Give or Resell Your Timeshare to the Complex
If you missed the termination period, there are still ways to avoid a timeshare. Keep reading below.
- This is a legal and inexpensive way to return the property to the station. In addition, it’s rare, but you could be one of the few lucky ones.
- Look in the papers of your multidimensional property to see if it is an option for you. You will probably suffer a significant loss compared to what you paid before, but you can avoid the annual fees and maintenance costs that continue to accumulate.
- Although most hotel complexes do not buy it, some have a program allowing you to return it for free. With the current average cost of a new multidimensional property oscillating around $22,000, giving it for free may seem like a terrible mess.
- But this could be the best option if you can no longer use it or need the means to continue paying contributions annually.
So, if you miss the termination period and the complex refuses to take it back, you can sell it to someone else.
- If you are ready to sell it, the first step is to see if you can sell your timeshare.
- Unfortunately, if you still have a loan on top, it is not necessary to sell the timeshare until the loan is repaid.
- But, if your timeshare is eligible for sale, find out what it is worth. Then, check with a real estate agent or search online for timeshare resale sites or general ad sites like eBay and Craigslist.
- You can try to find the final selling prices of timeshares similar to yours (not just the amount for which they are indicated).
- Sell or return! Websites such as ARDA’s Responsibleexit.com can contact time-sharing vacation developers with free or low-cost opt-out options or professional licensed real estate agents specialising in time-sharing vacations.
- You can list time-sharing vacations on websites such as time-sharing vacation user groups. Alternatively, you can contact the time-sharing reseller, although that may be complicated.
- Contact the company that sold you the timeshare and notify it of your desire to sell.
- Ask the staff if the company has a home help program and ask how much percentage it charges to help you sell a timeshare so that you know what you are embarking on before moving forward with the process.
- If the terms are pleasant and the company is ready to help you, find a buyer and be grateful that you have found an easy solution.
Selling timeshares is very challenging. Therefore, remember to set your expectations lower. The market is not sympathetic to the price you pay for a time-sharing vacation. The real resale market is usually far lower than the price someone pays.
Sell your timeshare via a broker.
If you have yet to sell your timeshare yourself, you can sell it through a broker, which is one of the ways to get out of the timeshare. Some companies will help you sell your timeshare for a fee, and others might buy it from you.
Give your timeshare for free.
If the sale of the complex does not work, you can give your timeshare for free or sell it for a minimum amount. This is the fifth way you can get out of a timeshare.
- Most of the platforms you can use to sell your timeshare, you can also use them to give it. For example, if you look at the recently sold multidimensional ads on eBay, you will see that most of them sold for less than $100 and a lot for only $1.
- Getting rid of it now, even at a loss, can save you a lot of money and stress in the long term.
- Donate your timeshare to a charity or organisation ready to take responsibility and have the paperwork signed.
- Most charities are only willing to accept such properties if paid; no money other than maintenance fees is due.
- Since multi-ownerships have a maintenance life attached, they still cannot be given as a gift or forgotten. The feasible business is only if the recipient party agrees to transfer the burden.
- You will receive a tax deduction for donating your timeshare up to $5,000 without evaluation.
Contact the resort owners and negotiate.
Negotiate your way out. Most time-sharing vacation companies do not want unhappy customers. You can contact the time-sharing company and ask about exit options.
Note: Exit may cost you money.
For example, when Dan Bailey, who runs a lawn care farm in Texas, tried to get rid of his time-sharing vacation in Orlando, the company got him out of trouble – paying the price. He was provided with a one-time termination fee of $4,000.
Hiring a timeshare Exit company
Hiring a lawyer is the last option when looking for how to get out of a timeshare if you have tried all the options but have yet to succeed. There is a craft industry of law firms specialised in helping clients get out of timeshare contracts.
There are certain legal strategies that you can use to avoid a contract. But be careful. If you choose this path with an inexperienced lawyer, you will probably not get money for your timeshare. You will also pay hefty fees for the lawyer’s time and efforts, costing you even more fortune. Therefore:
- Always hire a professional team and company to cancel your timeshare. If you are outside the revocation period (a cooling-off period that allows you to cancel the purchase without being fined) and think you have legal reasons for litigation against the developer, this may be necessary.
- However, please make sure that you consult the company and know exactly what you have received. Will the company fight for you, or does it just ask the paralegal to send a letter on your behalf?
- Remember, you may not need a lawyer if you are within the withdrawal period.
- Although there are many legitimate brokers and companies, know that scammers also seek to take advantage of your situation.
- Always exercise due diligence towards a company before doing business with it. Here are some tips to avoid scams:
- Ask for references from former customers and contact them to check their experience.
- NEVER pay money in advance for the promise to sell your complex.
- Read the contract carefully to understand what fees, commissions, and other costs are involved and what services will be provided.
- Sign up with us to find the right timeshare Exit company that will solve your problem; We recommend only the most authentic timeshare Exit companies that will not scam you in any way.
Don’t stop paying your maintenance fee. This will only damage your credit because you will incur additional fees, including late fines from the resort association. The time-sharing vacation company can even sue you for this.
Also, manage your time-sharing vacation obligations before you die. The time-sharing vacation company is regarded as a debtor, and your heir may have to use the assets in your property to repay the time-sharing vacation debt.
If you are trapped with an unwanted timeshare or an annual payment for something, you can no longer take advantage of it; you do not need to panic because there is a light at the end of the tunnel. At TimeshareExitAdvice.com, our team of pros has organized data on hundreds of timeshare exit companies. We know which company specializes in what region and are always on our toes to help you. If you sign up with us, we can recommend the most suitable company in the wake of the reviews by their previous customers, empowering you to enjoy your vacations without any hassle of timeshares. Get in touch today!