If you’re a timeshare owner at Vacation Village, you might be wondering if it’s possible to cancel your contract. Fortunately, the answer is yes – but there are some important things to keep in mind before you take that step.
Why Cancel?
There are many reasons why someone might want to cancel their Vacation Village timeshare. Perhaps your financial situation has changed, or you’re no longer able to travel as frequently as you once did. Maybe you’re simply not satisfied with the level of service or amenities offered by the resort.
Regardless of your reasoning, cancelling your timeshare can be a complex process. Here’s what you need to know.
Understand Your Contract
The first thing you should do is review your Vacation Village timeshare contract thoroughly. Look for any clauses or provisions related to cancellation or termination, and make note of any deadlines or fees associated with these processes.
It’s also important to understand whether your contract is a deeded or right-to-use agreement. Deeded contracts are considered real property and can be sold or inherited, while right-to-use contracts expire after a certain number of years.
- If you have a deeded contract,
- You may be able to sell your timeshare on the secondary market.
- If you have a right-to-use contract,
- you may need to wait until the end of your term before pursuing cancellation.
Options for Cancelling Your Vacation Village Timeshare
Rescission Period
In most cases, the easiest way to cancel your Vacation Village timeshare is during the rescission period – typically a short window of time immediately after signing your contract during which you can change your mind and walk away without penalty.
The specifics of this period vary depending on state laws and the terms of your contract, but it’s usually somewhere between 3 and 14 days. If you’re still within the rescission period, contact Vacation Village as soon as possible to initiate the cancellation process.
Sell or Transfer Your Timeshare
If you’re outside the rescission period and unable to use or maintain your timeshare, selling or transferring ownership may be an option. There are several companies that specialize in timeshare resales, but be aware that this process can take time and may not result in a full return on your investment.
Work with a Timeshare Exit Company
Finally, if you’re having difficulty cancelling your Vacation Village timeshare on your own, you may want to consider working with a timeshare exit company. These companies specialize in helping owners get out of their contracts through negotiation or legal action.
However, be cautious when choosing a timeshare exit company – some are scams that charge high fees without delivering results. Do your research and choose a reputable company with a track record of success.
The Bottom Line
Cancelling your Vacation Village timeshare is possible, but it’s important to understand the terms of your contract and the options available to you. Whether you choose to cancel during the rescission period, sell or transfer ownership, or work with a timeshare exit company, make sure you’re fully informed before making any decisions.