Timeshares are hard to resell, and aggressive sales tactics are common. Most states give buyers a short window to cancel after signing.
Rescission periods
Many states require timeshare sellers to give buyers a rescission period, often 3 to 10 days, during which you can cancel in writing and get your deposit back. Follow the contract's instructions exactly and send notice by a method that provides proof.
If you missed the window
- Ask the developer about a voluntary surrender or deed-back program.
- Check whether the sale involved misrepresentation or violations of state law.
- Contact your state attorney general or real estate regulator.
- Consult a consumer or real estate attorney.
Beware of exit scams
Companies that promise to get you out of a timeshare for an upfront fee are often scams. Many cannot do what they claim. Verify any company, check complaints and never pay large fees up front without a written guarantee.
Selling a timeshare
The resale market is limited, and many resale companies also charge upfront fees. Check licensing and avoid unsolicited offers.
Frequently asked questions
Can I stop paying maintenance fees?
You remain obligated, and nonpayment can lead to collection or foreclosure.
Are all timeshare agents dishonest?
No, but sales pressure is common, so take time to review.