How to Get Out of a Sheraton Vistana Timeshare?
Many owners are tired of their Sheraton Vacation Club and want to exit their contract. Are you also looking for a solution? In this article, you’ll find all the information you need. Let’s get started.
- Learn about Sheraton timeshare cost and how it can keep increasing.
- Initial step to cancel Sheraton Vistana timeshare.
- Find out how to put the Sheraton Vistana Resort timeshare for sale.
- If you don’t want to cancel, you can also rent.
- Most importantly, work with Reputable Timeshare Exit Companies.
Sheraton Vistana Resort Timeshare
Vistana Signature Experiences is a business operated by Marriott Vacations Worldwide. The company designs, builds, and manages resort properties under the Westin and Sheraton brands.
The club dates back to 1980 when vacation ownership sales started booming. First established in Orlando, Florida, this made for a beneficial location since it was close to Disney. Eventually, this was the first location of Vistana Timeshare.
Two Chicago bankers, Raymond “Rip” Gellein Jr. and Jeffrey Adler, would be the ones to expand the company. Raymond eventually became CEO, and Jeffery became his Executive VP. They had a couple of different marketing strategies for their timeshare.
Including a Golf Hall of Fame and PGA Tour Golf Academy, the entire Vistana World Golf Village was created. The golfing community now had a resort full of attractions they could visit. All it would cost was a purchase of a vacation package Vistana offered.
Vistana next made a public offer to the New York Stock Exchange in 1997. Resorts Worldwide and Starwood Hotels would purchase Vistana for $400 million two years later. Raymond Gellien remained the company’s director until he retired in 2008. Around this time, Vistana’s timeshare sector was worth $1 billion.
The Sheraton Vacation Club released the Sheraton Flex program in 2014—a point-based timeshare network for owners who want to exchange vacation points. And as the company continued to succeed, an industry competitor turned its attention toward Vistana.
Two years later, it was all it took for Interval Leisure Group (ILG) to purchase Vistana from Starwood. This merger partnered them with companies like the Sheraton, Westin, and Hyatt brands.
Marriott Vacations Worldwide purchased Interval Leisure Group in 2018 for $4.7 billion. This helped Marriott become the biggest luxury timeshare resort brand and it became Sheraton Vacation Club’s /Vistana Signature Experiences’ new parent company.
Sheraton Vistana Resort Timeshare Cost
The resort doesn’t provide information on temporary rental costs. Neither do they mention the cost of their membership.
Instead, they ask potential buyers to contact them directly for details. This is common in the timeshare industry.
Resorts often prefer to discuss pricing based on your preferences and budget. Industry estimates suggest a timeshare could cost around $22,000. Then again, that’s the initial price. The maintenance fees keep increasing and you have to pay yearly. Whether you’re using the resort or not.
Sheraton Vistana Timeshare Cancellation Policy
If you signed up for a Sheraton Vistana timeshare, the best way to cancel your contract is by using your “right of rescission.”
Rescission laws typically allow you to cancel your contract a few days after your purchase. A typical rescission period lasts 3-10 days.
Depending on where you purchased it, it can even last for 30 days, you should look in your contract and find the rescission period mentioned on it.
If you have bought your timeshare in that time frame, we suggest you contact Vistana Signature Experiences now to see what your rescission period is on your contract.
Typically, timeshare developers require you to submit a written cancellation letter by mail. If you still qualify, we recommend you send the written cancellation letter in immediately! Any documents submitted past your deadline will automatically disqualify you.
This is why we suggest you purchase overnight mail. We recommend you read your contract and look for the Vistana Timeshare Cancellation Policy. You can find it at the beginning or end of your contract.
Sheraton Vistana Resort Timeshare For Sale
If you missed your opportunity to rescind, you are probably thinking, “Can I sell my Sheraton Vistana timeshare?” Well, we believe you should know a couple of things first.
The problem with selling is that everyone thinks their timeshares are worth thousands. We hate to break it to you. If someone made you believe that your timeshare was a “good investment,” we hate to break it to you, but that’s far from the truth. Almost every timeshare depreciates once purchased.
Their value decreases over time no matter what. Like cars, if not worse, we have seen timeshares drop by more than half their original value. It has led many timeshare owners down the wrong road.
Because of the lack of timeshare resale value, many owners have gone years without finding a buyer. Not only are they paying their ongoing maintenance fees.
They have now added resale fees for listing their timeshares for sale which has caused “timeshare resale scams.” Never agree to pay up-front fees when timeshare exit companies offer to help you.
Sheraton Vistana Resort Timeshare For Rent
If you own a timeshare at Sheraton Vistana Resort and want to rent it out, it’s possible. You can list it on websites like RedWeek, TUG, or Airbnb.
These places let you set your price, talk to people who might want to rent it and manage your bookings. To get people interested, try to mention the cool stuff the resort has. For example where it is, and what your unit is like. Attach some images for the customers to get a better idea.
Once you find someone to rent it, make sure everything is clear, like when they can stay and how much they need to pay.
This will make the rental process easy for both you and the person renting. Renting out your timeshare can be a good way to make some money if you can’t use it yourself.
Reputable Timeshare Exit Companies
Reputable timeshare exit companies typically have attorneys who look for loopholes in your contract.
They will ask you questions about things like how you were treated, etc when you are attending the presentation.
Other exit companies will charge you up-front; a few timeshare exit companies have an escrow option.
We suggest hiring a company that has no up-front fees and offers an escrow payment option so you stay protected. The FTC and the BBB have warned timeshare owners against paying up-front to exit their contracts.
We recommend escrow because this eliminates all upfront fees paid directly to the exit company. Doing this removes all the risk of becoming a victim of a timeshare exit scam.
Sheraton Vistana Resort Timeshare Review
Our team has read many online reviews of Vistana timeshare owners who are upset with the company. We will help you through this. Many mention how they signed up for their timeshares with the wrong impression. They made promises for many things that did not turn out to be true.
Vistana has had multiple complaints on platforms. The good news is that Sheraton Vistana is under the Marriott, so you can always call them and mention what’s happening.
You can read reviews for Sheraton Vacation Club on websites like TripAdvisor, BBB, etc. Reading these reviews will help you remove any confusion about the cancellation of your Sheraton Vistana Timeshare.
Final Thoughts
We are a team that faced the same challenges as you. We understand the struggle to pay yearly maintenance fees that never end. With high interest rates, we realized timeshares could be more beneficial.
A Sheraton Vistana timeshare is not any different. With many timeshare scams and complaints reported, it’s no wonder many owners want to exit Sheraton Vistana timeshare. The good news is you do have options.
We started this review site to show how timeshare developers and exit companies work. When dealing in the timeshare industry, unfortunately, you have to prepare for the worst. Read over our website, fill out the form on the right, or contact us through Live Chat for a free exit consultation.
Our team will help connect you with a timeshare exit company with no up-front fees until your timeshare contract is canceled. Click here to begin.
- What is the best way to cancel my Sheraton Vistana timeshare contract?
The most common method is by using your “right of rescission,” which allows you to cancel within a specific timeframe after purchase. - How much does it cost to get out of a Sheraton Vistana timeshare?
The cost can vary depending on the method you choose. If you’re selling, you might incur fees for listing and advertising your timeshare. - Can I sell my Sheraton Vistana timeshare easily?
Selling a timeshare can be challenging due to factors like decreasing resale values and limited demand. It might take some time and effort to find a buyer. - Are there any reputable timeshare exit companies that can help me?
Yes, there are reputable timeshare exit companies that can assist you in canceling your contract. - What are the potential risks of using a timeshare exit company?
Some risks associated with using timeshare exit companies include potential scams, upfront fees, and the possibility of not achieving the desired outcome.
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