Over 85% Of Timeshare Owners Actively Regret Their Decision How To Get Out Of Your Contract
Retirement isn’t a smooth process for everyone. When you get caught up in a timeshare? It can be downright messy.
When the clock is ticking, it’s time to put your nose to the grind and figure out how to get rid of timeshare legally. These contracts can seem binding or unavoidable, but the truth of the matter is much different. Knowing how to cancel timeshare after grace period or even selling your timeshare is best done with the aid of a professional who has seen it all before. The timeshare industry affects millions of people as we know it. With many struggling with misconceptions and financial issues, a little help can make all the difference.
Don’t let a timeshare bully you around. Learn more about timeshare sales and how you can get started on the path back to your own life.
How Many People Have A Timeshare?
More people are struggling under a timeshare than you think. It’s estimated 3% of all households in the United States own a timeshare, with a total of 1,500 timeshare resorts across the country. That’s thousands of people who actively regret the decision they’ve made, looking for options on how to sell or just terminate their contract entirely. Keep reading to learn more about the frustrating nature of a timeshare and the impact it’s having on tens of thousands of people as we speak.
What’s The Average Age Of A Timeshare Holder?
A noticeable factor in timeshare cancellation are the demographics involved. The average age of American timeshare owners are 46 years old. While not quite retirement age, this is an element that could make retirement even messier down the road when your money is going somewhere else entirely. The 2016 U.S. Shared Vacation Ownership Consolidated Owners Report saw around 7% of American households owning one or more types of vacation ownership.
Where Are Most Timeshares Located?
As explored above, the United States is home to quite a few timeshares. An estimated 25% of all American timeshares are located in Florida, making it one of the most notable states struggling with timeshare foreclosure laws. The average price of your new timeshare is around $20,000, though this number can differ wildly. A timeshare lawyer is your number one resource toward writing a timeshare recession letter and getting your life back on track once more.
Why Don’t More People Quit Their Timeshare?
A lot of people want to know how to get rid of timeshare legally. Yet many are still living with their timeshare contract. Why? A recent study saw over 85% of timeshare owners actively regretting their purchase, citing money and fear as their main reasons. Additional reasons include distrust toward their contract owners and general confusion about the process. Knowledge is power and timeshare lawyers are familiar with the reasons that go into a timeshare contract release.
How Do I Get Rid Of My Timeshare?
The biggest reason people want to know how to get rid of timeshare legally is financial. Financial hardship was cited in an industry study conducted by EY (Ernst and Young), discovering that over half of all timeshares stem from foreclosure. Another survey conducted just last year saw 65% of timeshare owners citing high maintenance fees as to why they wanted to terminate their contract. With the timeshare industry still valued at $70 billion dollars, it can seem almost impossible to get the help you seek. A timeshare lawyer can evaluate your situation, offer you some help with finances and get you ever closer to being free from your contract.
Ready to get rid of your timeshare? Help is just around the corner.