Listed below is just a couple of the things you should not do when attempting to exit your timeshare property and one important reminder:

 

Don’t Stop Paying Maintenance Fees:

• Not paying your maintenance fees can lead to penalties, damage your credit score, and result in legal action. This is called Defaulting on your property.

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Don’t Fall for Scams:

• Avoid companies that demand large upfront fees without work being done.

• Avoid companies that make unrealistic promises.

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Don’t Make Hasty Decisions:

• Avoid Rash Choices, Take your time to explore all available options and consider the long-term implications of exiting your timeshare.

 

Don’t Ignore Legal Advice:

• Seek Professional Guidance, Ignoring advice from legal or financial professionals can lead to costly mistakes and unfavorable outcomes.

 

Don’t Overlook Potential Costs:

• Understand Fees, Be aware of any costs associated with selling or transferring your timeshare, such as closing costs, transfer fees, or commissions.

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Don’t Forget About Taxes:

• Consider Tax Implications: Understand the potential tax consequences of selling your timeshare, especially if it results in a financial loss

 

Be Realistic:

• Understand that exiting a timeshare can be challenging and may not result in recovering your initial investment.