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We compare timeshare exit companies so you can make an informed decision.
Why you should trust MyTimeshareExitReviews? We compare timeshare exit companies so you can make an informed decision.

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Legitimate Companies that Buy Timeshares

Timeshare is an agreement where multiple individuals collectively buy the rights to a vacation property for a specific period.In a timeshare agreement, the property is divided into equal time intervals, usually on a weekly basis that is allocated to different owners. Each owner is granted the right to use the property for their designated time period, often on an annual basis.

  • If you own a timeshare, you know they can be enjoyable when you have children who enjoy them, vacations are enticing. 
  • As time has progressed, the benefits of a timeshare have changed tremendously. 
  • Over the years, the timeshare industry has lost 90% of its value. 

Owning a timeshare that you no longer require may lead you to search for legitimate companies that buy timeshares. 

  • Your hunt will be highly challenging since there are not many companies that buy timeshares to begin with.
  • The reality is that timeshares are not a venture like customary property. 
  • Timeshares typically do not increase in value after you buy them. 
  • It is more like a vehicle where it loses value the moment it is purchased. 
  • Time after time again, we have seen this pattern online on platforms such as eBay. 
  • You will probably find numerous timeshares online available for as little as $1 without any offers. 
  • If most of the resale market is listed for $1, for what reason would an exit company need to buy one from you.

So, if you are looking for legitimate companies that buy timeshares, or the best way to sell a timeshare, you have come to the right place! We have also included tips to avoid a resale scam. Or you can initiate a Live Chat to learn more through a free personalized consultation. We can help you find the best solution ideal for your timeshare situation so contact us immediately. So, what are you waiting for? Let’s continue reading to learn more.

Timeshare Resale Scams

There  are numerous timeshare scams every year, protect yourself. Contact our team so we can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. Know your legal rights so you can exit your timeshare.A timeshare resale scam can involve cold calls from people you have never heard of or spoken to! 

  • They will normally offer you more than the sum you initially paid for your timeshare to get your attention.
  • Whenever you have consented to sell your timeshare to them, they will request a false charge to cover any “transfer fees” or “paperwork fees.” 
  • You’ll pay this fake expense, and the organization will vanish with your cash and never purchase your timeshare. 
  • An organization by the name of Global Business Consultants recently ran this scam.

Numerous timeshare resale scams work the same way. Timeshare resale companies will cause you to believe that your timeshare has worth, and you should simply pay them an upfront “listing” or “promoting” fee to sell your timeshare. 

  • Once you’ve paid this expense, there is an excellent possibility that nobody will purchase your timeshare. 
  • This means they have run off with your money!
  • The most secure approach to selling your timeshare is through an authorized broker since they are not permitted to charge and sell your timeshare. 
  • Nonetheless, timeshare brokers work on commission, so if your timeshare has no worth, as many don’t, a timeshare representative won’t have an urgency to sell your timeshare.

Always work with a licensed professional! Or you can reach out to us so that we can help you find the best timeshare exit company for your situation. Start a Live Chat with one of our agents or you can give us a call at (833)-931-6555 for more information.

Can I Cancel a Timeshare Contract?

Timeshares were once considered a great investment but they are becoming a burden day by day. As yearly maintenance fees have increased every year, timeshares are turning into a nightmare for many owners.You should always contact the resort to take it back first. There is no guarantee they will willingly take your timeshare back. 

  • There are not too many resorts nowadays with a deed buy-back program. 
  • This is a legal, inexpensive way you can give the property back to the resort. 
  • Read through your contract to see if you still qualify for one of these options. 
  • And remember, when contacting the resort, always be cautious of any up-selling or upgrades you could be pressured into purchasing. 

But if these options do not work, the next step is to contact a timeshare exit company. If you are searching for legitimate companies that buy timeshares, we still recommend you reach out to your timeshare developer first.

  • These companies can help you cancel your contact by using legal clauses mentioned in your contract which you may have missed.
  • They can also resale your property by promoting it on their websites and presenting the property in the market. It is easier for them to resale the property as they already have connections in the market which may as well make the resale procedures easier for you.
  • They can also assist you if you want to donate the property to charity. Most people buy timeshare as an investment so this may not be an option for them but for people who are willing to donate it can seek help from the exit companies. 
  • You only need to connect with a timeshare exit company if your developer does not take your timeshare back.
  • To be eligible, typically, you can not owe a balance on a loan. Giving the timeshare back to the developer will generally be less expensive than working with a timeshare exit company.
  • Hiring a reputable exit company that will work day in and day out on cancelling your timeshare can be a lifesaver. 
  • The best timeshare exit companies know the ins and outs of the industry.

They can use their experience as leverage to get you out of sticky situations. So if your contract did not have any loopholes. Do not worry because you still have options.

Escrow Timeshare Exit Companies

So, you did not find any legitimate companies that buy timeshares? That’s alright, there are not too many out there to begin with. We are here to help you in this situation. Our team has also found other methods with a higher success rate of cancellation! For instance, canceling with a legitimate timeshare exit company! Escrow can be essential for you when searching for a timeshare exit company. 

  • Escrow is when a third-party company holds onto your payment while the timeshare exit process is occurring. 
  • If all is successful as promised, the escrow company releases your funds to the timeshare exit company.
  • Timeshare exit companies with legal experts to cancel your timeshare and stop your future expenses. 
  • Our team only recommends timeshare exit companies that offer an escrow payment option so that you stay protected throughout the process. 
  • We prefer the escrow option because the exit company doesn’t get paid until they’ve completely canceled your timeshare. Learn more about escrow and what it’s important here.

Before working with a timeshare exit company, call your developer and check whether they will take it back. In some cases, a hotel specialist will take the timeshare back. But on the off chance they do not, and you consent to pay an exit company, it still does not compare to years of maintenance fees you would pay your developer.

Commonly, a timeshare exit company will charge more than $3,000 for its services. Be cautious when conversing with your developer/resort since they will probably attempt to get you to upgrade instead of assisting you with canceling your timeshare.

Final Thoughts

In conclusion, if you are wondering who the most legitimate companies that buy timeshares are, the first thing you should still do is contact your developer first.

  • Timeshares can be stressful mentally and financially. 
  • If you went on vacation and were unfortunately victimized into signing a timeshare, you should know you still have options. 
  • Increasing maintenance fees and monthly costs can genuinely make a timeshare feel like a burden.
  • Understandably, many timeshare owners often find themselves feeling trapped by the debt their timeshares have caused. 
  • If you believe you were a victim of high-pressure sales tactics or misled when signing up for your timeshare, please contact our team.

We can help you determine if a timeshare exit company is legitimate, and we recommend working with timeshare exit companies that offer escrow, so you pay no up-front fees. So, before you go looking for legitimate companies that buy timeshares! 

Know your legal rights so you can exit your timeshare contract legally. Read over our website, fill out the form on the right, or contact us through Live Chat for a free informational consultation.

Our mission is to eliminate scams in the timeshare industry. We review timeshare exit companies and help timeshare owners find the best exit company for their situation. 

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