How long it takes to cancel a timeshare varies based on the situation, but usually takes at least six months.
Assuming you are past the rescission period, it will take at a minimum months, but may take up to 24 months to complete. The variables for cancelling a timeshare contract are vast, but the main considerations are:
This should be taken into consideration if you hear something that sounds much better when looking for a Timeshare Cancellation Company. The age old adage "if it sounds to good to be true, then it probably is" couldn't be more accurate.
There are no quick fixes or easy remedies. Anyone who tells you otherwise is either lying or misguided. The best advice we can give any timeshare owner who wants out - take your time and be patient. Although it only took hours to buy the timeshare, it will likely take months to get out of the contract and remedy the situation for good. It's best to remember, that nothing good comes easy.
The worst thing you can do is hire a timeshare cancellation company who sets expectations that you will be out quickly. False promises come from scammers who will take your money and run. Sometimes it's our own fault because we hear what we want to hear and cannot accept the truth. Do not become another victim. Take your time and do the research before hiring anyone. A reasonable expectation for getting out of your timeshare would be a minimum of six months per contract/deed owned.
Another situation to watch out for is being told you can sell your timeshare for a profit or sum close to what you paid for it. This is a HUGE red flag that someone is about to take your money and run. You will never get anywhere close to what you paid for your timeshare when trying to sell it. And more likely, you will have to pay someone to take it. Timeshare companies most often penalize resale contracts by stripping away all the benefits. Developer benefits are perks you get when you buy from the timeshare company - basically anything not included in the legal description of the deed. Things like housekeeping, reservation transactions, and any item that makes owning your timeshare a little bit easier/better is likely conveyed from the developer and not inside your actual deed or points certificate legal description. This means if I buy your timeshare, it won't be nearly as good as when you owned it.
So why would I pay you a lot of money for it?
I wouldn't and neither will anyone else. That's the reality of resale timeshare contracts.
If someone states they can sell your timeshare for thousands of dollars or more, don't walk - run.
The biggest take away is that nothing good happens overnight. Deciding to get out of your timeshare should be based on the long-term and not short-term. While we all wished things would be easier and faster, the truth is that you signed up for a product that is extremely difficult to get out from.
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