Hey! Understandably, you need an investment that would make your money work for you so that you can have something to fall back on later in life. And that’s good, really. But since it is an investment and your money is considered valuable, it is vital not to rush into it. Purchasing a timeshare property is a risky venture; hence, you need to know some tips before joining those looking for how to cancel timeshare legally.
- Get a good timeshare attorney:Timeshare attorneys are great to help you make meaning of clauses that some timeshare owners (with the help of their legal counsel) have made complex. Also, the right attorney will help you to check the documentation as regards proof/transfer of ownership or to verify the selling company’s identity.
It could be a tiring process and you don’t want to flush your money down the drain just because you are too proud to call a lawyer.
- There are always buyers:If only you know where to look, you will understand that there are always buyers for timeshare. That does not mean they are all willing to pay high prices. Some people or businesses take timeshare off the hands of those looking to cancel their timeshare legally; hence, if you decide to resell later, there will always be buyers. That does not mean they would readily pay a high price.
- There are scammers out there: Spam messages are flying like war missiles, looking for who to hit or eat (pun intended). Make sure you verify the company that is offering to buy or sell a timeshare property from/to you. Make sure they have been in the business long enough –5 years maybe. Also, it is better to go with a reseller that would take fees only after the transaction is done, not before.
- Understand the market and business: Don’t follow the bandwagon to assume that the timeshare business is lucrative. While that is true, it can also depreciate in monetary value. Timeshare homes are not always occupied throughout the year. So, think about the time when rent might not move and the bills to keep servicing the timeshare irrespective of whether people are using the place frequently or not. Can you sustain yourself in the brief moment of customer draught?
Know the rules before you join the game. Don’t go later, carrying placards on how to discard or cancel timeshare legally.