Owning a Silverleaf timeshare makes the owner feel like a rich man, but few know it comes with many problems. Rising maintenance fees, booking difficulties, and the overall financial burden have led many to look for ways to cancel their Silverleaf timeshare.
Silverleaf Timeshare has several locations across the United States, but it consistently falls short of providing an exciting and fresh experience for its owners. The points-based system, instead of offering flexibility, often leads to confusion and dissatisfaction among owners.
Many find that it complicates their vacation planning rather than simplifying it. Additionally, the purported club benefits, such as those from Marriott Bonvoy, do little to enhance the overall experience, leaving members unrewarded for their loyalty. In such cases, if owners think about quitting the timeshare, this is the right decision. And we are here to guide you.
Cancel Within the Rescission Period (Cooling-Off Period)
If you recently purchased your Silverleaf timeshare, you may be eligible for cancellation through the rescission period. This legally given timeframe, usually between 3 and 10 days, allows you to cancel your timeshare contract without a fine.
Steps to rescind your Silverleaf timeshare:
- Timeshare Rescission Letter: Write a cancellation letter stating your intent to cancel, including your contract details and personal information. Attach any relevant documents that might support your cancellation.
- Send it via certified mail: Use certified mail with a return receipt to ensure you have proof that Silverleaf received your request.
- Keep records: Save copies of everything, including the letter and mailing receipt.
Negotiate with Silverleaf Directly
If the rescission period has passed, your next option is to try negotiating with Silverleaf’s parent company, Holiday Inn Club Vacations (HICV). Some timeshare developers offer deed-back programs that take back the timeshare under specific conditions.
How to approach Silverleaf for cancellation:
- Contact the developer: Call Silverleaf or Holiday Inn Club Vacations and request cancellation options.
- Explain financial hardships: If you struggle to pay maintenance fees, highlight your financial difficulties.
- Request a deed-back program: Some resorts allow owners to return their timeshares if they meet specific requirements.
- Document everything: Keep records of all communications and any offers made by the company.
We bet you didn’t know that the rescission period can be your magic turn away if you take action at the right time!
Selling Your Silverleaf Timeshare
You may consider selling your timeshare if Silverleaf does not allow direct cancellations. Rather than selling it to someone you know, listing it on platforms like RedWeek, Airbnb, and Facebook timeshare groups is better.
Challenges of selling a Silverleaf timeshare:
- Decrease in value: Timeshares lose value quickly, and most buyers prefer to purchase directly from resorts. Also, they will question you a lot about reselling.
- Listing fees: Many resale platforms charge fees to list your timeshare.
- Scams: Beware of fraudulent companies that demand upfront payments for resale assistance.
If you decide to sell, Visit these platforms and list your timeshare.
RedWeek or Timeshare Users Group (TUG) to connect with potential buyers.
Avoid Timeshare Resale Scams
Owners doubt the timeshare because of ongoing scams. Surprisingly, owners find ways to avoid scams, but they still get trapped. You can save yourself by doing the following:
- Stay Alert: When somebody asks you to sign in through an email or link, verify and proceed. It could be a scam.
- Extra Cost: Do not pay if a timeshare exit company or anyone asks you to pay more when zero results are obtained.
- Indulging in a complex process: When owners apply for cancellation, many timeshare exit companies or attorneys might indulge you in a complex process to prolong the process and overcharge you.
Stopping Maintenance Fee Payments – A Risky Choice
Some owners think about stopping payments on their timeshare to force Silverleaf to take it back. We do not advise you to choose this path as it is risky and will affect your timeshare credibility. If anyone advises you to do so, be sure that below mentioned are the risks involved:
- Credit damage: Unpaid fees can be reported to collections, negatively affecting your credit score.
- Legal action: Silverleaf may take legal action to recover unpaid dues.
- Accumulated debt: Interest and fines will continue to add up, making it harder to exit.
Work With a Timeshare Exit Company
A timeshare exit company might be your best option if you struggle to cancel your Silverleaf timeshare. These companies specialize in legally helping owners cancel their contracts. Timeshare Exit companies are also playing with owners in the name of exit strategy. So be careful when you work with a timeshare exit company.
How to choose a reputable timeshare exit company:
- Look for escrow services: Ensure they use Escrow, meaning you don’t pay upfront fees.
- Check reviews: Research companies through Timeshare Exit Advice or Better Business Bureau (BBB).
- Avoid scams: Stay away from companies promising quick cancellations or demanding high upfront fees.
At Timeshare Exit Advice, we help timeshare owners connect with the best timeshare exit company so we can eliminate scams in the timeshare industry. We review timeshare exit companies so owners can make an informed decision. Visit and book a free consultation today!
Final Thoughts
So, which Silverleaf exiting option suits you the most? We understand cancelling a timeshare is a time-consuming process and can be challenging for someone new to the industry. But with the right exit plan and authentic timeshare exit company, everything is possible.
The key to a smooth timeshare exit is to stay calm and knowledgeable and take every step with a plan.
If you are unsure about the best approach, Timeshare Exit Advice can connect you with reputable timeshare exit companies that work with Escrow. Don’t let an unwanted timeshare weigh you down—take action today and regain your financial freedom!
How do I get rid of my Silverleaf timeshare?
Work with a timeshare exit company or hire a lawyer to get rid of your Silverleaf timeshare.
Can I contact Silverleaf Resorts directly to cancel?
You can contact the resort directly and discuss other options besides cancellation.
Is Silverleaf also a part of the scam?
It is unclear or unsafe to blame them directly, but yes, many owners want to cancel their timeshare because of scams.
How to connect with a timeshare exit company?
To connect with a timeshare exit company, visit Timeshare Exit Advice or contact 949-514-6633.
Can I sell my Silverleaf timeshare to a friend?
Yes, you may, but listing it on platforms like RedWeek or Airbnb is preferable.
