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How to cancel a Virginia Beach timeshare

There are several options to cancel your Virginia Beach timeshare. You may decide to:

  1. Sell your Virginia Beach timeshare
  2. Give away your Virginia Beach timeshare
  3. Work directly with your timeshare company to get released from your timeshare
  4. Hire a reputable timeshare exit company to cancel your Virginia Beach timeshare 
  5. Rescind your Virginia Beach timeshare contract
  6. Avoid timeshare resale scams 


In this article, we will cover each strategy in-depth. If you are still in the timeshare rescission period or are unsure if you might be, then check out our timeshare rescission resources here. 


Selling your Virginia Beach timeshare

The first option to cancel your Virginia Beach timeshare worth exploring is selling your timeshare. However, this option is only available for paid-off timeshares. The first step is figuring out how marketable your timeshare is. 


It would be best if you answered these questions as objectively as possible: 

  1. Do you own a points package or week?
  2. Is the week a prime location and time?
  3. Does your timeshare secure reservations that are hard to get?
  4. How much does it cost to transfer the timeshare?


We recommend seeking professional advice, but this can be time-consuming and a bit tricky because many timeshare resale companies try to charge exorbitant prices to list your timeshare. We have found that more often than not, these entities are more concerned with getting a prepaid marketing fee than the successful sale of your timeshare. 


Additionally, it is a fact that there are more timeshares listed than prospective timeshare buyers. Often, timeshare supply exceeds demand, which is why many timeshare listings are set for $1 on sites like eBay. Another consideration is the amount of time it may take to sell the timeshare and that you must continue paying the maintenance fees while your timeshare is listed. 


Remember, most people today avoid timeshares because of the bad reputation they have within our society. The word timeshare is synonymous with scams, and most travelers today would instead use Airbnb or book a hotel at market prices rather than be tied to a monthly or annual maintenance fee that always tends to go up. 


Suppose you're still committed to selling your Virginia Beach timeshare. In that case, we recommend checking with Allied Transfers to get a realistic assessment of the likelihood of selling your timeshare and what you can expect to pay to transfer the timeshare. Allied Transfers offers the most affordable package for listing, transferring, and selling your timeshare that we have found (plus, they do all the work). 


Giving away your Virginia Beach timeshare

This option may sound easy and like a great idea, but it is the riskiest way to get rid of your timeshare. When attempting to donate or give away your Virginia Beach timeshare, you will seek out friends and family who may be willing to accept your timeshare. Many states and many timeshare developer by-laws hold an initial owner accountable if the future owner defaults or fail to pay the timeshare maintenance fees or club dues.


Most recently, Florida amended their timeshare laws to make it harder for timeshare owners to transfer their timeshares consequence-free. Florida Statute XL, Chapter 721, Section 17, Paragraph 1.e is the most concerning piece of the legislation and states:


“That the obligations of the transferee under such instrument will continue to exist despite any cancellation or rejection of the contracts between the developer and purchaser arising out of bankruptcy proceedings.”


Most experts agree that extensive lobbying was responsible for the law's passage. State Rep. Eric Eisnaugle, who co-sponsored the bill, received donations from timeshare industry lobbyists before introducing the legislation. 


What this means for anyone who wants to cancel a Virginia Beach timeshare is that doing so without proper guidance could have long-term legal consequences and may put the original timeshare owners at undue risk. Therefore out of all the strategies listed to cancel a Virginia Beach timeshare, we recommend talking with your attorney before undertaking this option. 


Work directly with your timeshare company

This option may sound like a great idea when considering canceling your Virginia Beach timeshare. However, this strategy can be hazardous for most timeshare owners because your timeshare company has only one fiduciary obligation to its shareholders: make more money. By agreeing to let you out of your timeshare contract, they are financially responsible for your maintenance costs, taxes, and club dues until they can again sell your timeshare Virginia Beach or weeks. 


If you look carefully at most timeshare developers’ websites that offer take-back or internal exit programs, they will disclose that they are still going to attempt to sell you more Virginia Beach or weeks. 

Shocking as it is, their thought process is simple: if you want out of your timeshare, then it’s likely you are not satisfied with your vacations or some other component of their program.


If you feel that it is in your best interest to contact your timeshare company directly, then follow these steps to ensure you don’t get stuck with more timeshare fees and debt: 

  1. Keep your communication written and express why you want your timeshare canceled before calling your timeshare company or filling out an online form submission.
  2. Do not agree to speak with anyone until your original concerns are acknowledged by your timeshare company.
  3. Stick to the facts and be reasonable on what you expect.
  4. Throughout the process, your timeshare company will try to sell you more.
  5. When discussing your timeshare situation, do not admit fault or accept responsibility.
  6. Try to remain unemotional when speaking with timeshare company representatives because they are usually trained to get you upset and to act irrationally.
  7. Don’t take their first offer (if you’re lucky to get a resolution presented).


Again, trying to work things out with your timeshare company will be akin to negotiating the cessation of nuclear proliferation with Kim Jong Un. The sole purpose of timeshare companies is to make money by selling timeshare - not accepting timeshares back into their portfolio, which ultimately hurt profits. Another primary consideration before attempting to go this route is that if you are unsuccessful in your negotiations, it will be nearly impossible for any other entity to assist you in canceling your timeshare. 


For more info on getting out of your timeshare, we recommend reading how canceling a timeshare works


Hire a Reputable Timeshare Exit Company

Hiring a reputable timeshare exit company can be a daunting task. A quick google search for “Cancel Timeshare” will give you thousands of companies, all promising to provide you with a fast, easy, and guaranteed way out of your Virginia Beach timeshare. The truth is that just like any other industry, there are the good, the bad, and the ugly - while some Timeshare Exit Companies are excellent, some are outright scams to be avoided at all costs. 


Here are the recommendations to find a great company to cancel your Virginia Beach timeshare:

  1. Look for BBB Accredited Timeshare Exit Companies
  2. Don’t pay hefty upfront fees for services 
  3. Check the reviews and complaints on sites like the Better Business Bureau 
  4. Don’t set up consultations or meetings with anyone until you have done your homework
  5. See if the company has pricing available online (their fees be published for the public to be reputable)
  6. Have reasonable expectations on the cost and time to cancel your timeshare


We have compiled a list of the top timeshare exit companies to assist you in searching for what’s best for your situation. If you’re unsure whether you need an attorney or a traditional timeshare exit company, you can also check out this article on how timeshare cancellation works


Rescind your timeshare Virginia Beach contract

We know that this is only possible if you recently purchased your Virginia Beach timeshare. If you’re unsure if your timeshare purchase qualifies for the rescission process or you think you’re still within your rescission period, then check out our step-by-step guide to rescind your Virginia Beach timeshare contract


Avoid timeshare resale scams

Before canceling your timeshare, it is essential to find legitimate timeshare exit providers or timeshare resale companies. We created a comprehensive list of what to look for when doing business with a timeshare resale or exit company:

Read more about Timeshare Exit Scams



Frequently Asked Questions


Can anyone cancel their Virginia Beach timeshare?

No matter how dire the situation is or how much you are behind on paying your Virginia Beach timeshare, there are options to cancel your timeshare and protect your credit. 


How long does it take to cancel a Virginia Beach timeshare?

The time portion all depends on your situation. On the short end, it may only take a few months to cancel your timeshare, and at the longer end of the spectrum, it may take up to two years. The determining factors for the time to cancel your timeshare include the number of timeshare contracts you own, the financial status of your timeshare, the length of time you have owned, and what steps you have already taken to cancel your timeshare contract. 


When should I start the process to cancel my Virginia Beach timeshare?

The sooner you start your timeshare cancelation, the sooner you will be out of the fees and debt that come with owning your timeshare. We are committed to making our timeshare cancellation services affordable for everyone. 


How long will it take to sell a Virginia Beach timeshare?

The time to sell a timeshare varies because of what type of timeshare you have with Virginia Beach and how marketable you wish to make your offer for prospective buyers. 


The fastest way to sell your Virginia Beach timeshare is to hire a reputable timeshare resale company and list your timeshare for $1.00 and pay the transfer fees for the prospective buyer. The downside is that even doing this may take months or even years to find someone willing to buy your timeshare. 


What companies will cancel Virginia Beach timeshares?

We believe that we are the best timeshare exit company for anyone who wants to cancel their Virginia Beach timeshares. Connect with our team today and learn why most people agree Cancel Timeshare is the best option to cancel Virginia Beach timeshares


How much does it cost to cancel a Virginia Beach timeshare?

The cost to cancel a timeshare depends on which timeshare exit company you decide to hire. 

We believe in offering standardized pricing to cancel a timeshare. Our pricing is listed publicly here - see how much it costs to cancel a Virginia Beach timeshare


Where can I list my Virginia Beach timeshare for sale?

There are so many online marketplaces to choose from, but we have found that eBay is by far the biggest marketplace for aftermarket timeshares. 


Usually, timeshares sold on the aftermarket are successfully done so with the assistance of a Transfer Company or Resale Company. We recommend Allied Transfers because they are reasonably priced and provide an excellent service.

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