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FINDING A RELIABLE AND REPUTABLE EXIT COMPANY
SOLID WRITTEN AGREEMENT No matter who you choose to help end your timeshare ownership, you should be sure to have everything promised to you in writing, including everything you can expect the company to do on your behalf. Make sure you are paying for a service that is intended to free you from your timeshare obligation—and not just a listing fee or negotiation fee. Timeshare exits can vary greatly in length, so it’s absolutely vital you work with a company that is invested in you. Any contract you sign with an exit company should explicitly state the exact service and terms of agreement for a single all- encompassing fee. This means that if the exit is successful, and your ownership is terminated, you’ll never have to pay another dime to the exit company.
THE UPFRONT FEE ARDA (the American Resort Development Association) and resort developers have been warning against paying upfront fees to end your timeshare ownership for years. However, you should know that timeshare exit is not an immediate transaction. The duration of the process varies in time because there are multiple parties involved with unique requirements at each stage in the process. Despite what timeshare sales representatives may tell you, a timeshare typically has little-to-no resale value. Therefore, the exit process can be expected to take more time to complete than the sale of other types of property, such as residential and commercial real estate. Because timeshare exit companies cannot earn commissions on a transaction involving an asset with no value, that justifies the exit companies charging an upfront fee. This protects the exit company from performing a successful exit for a client who decides not to pay when the work is done. But you should know the value of the services you are paying for—when an exit company offers dual services backed by a solid written agreement the value is real rather than perceived. You know your fee is paying for legal representation, in addition to specialized services offered by a timeshare exit company.
Need To End Your Timeshare Ownership? Call The Timeshare Exit Hotline At: (877) 323-9923
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