There is nothing more tempting than attending a timeshare sales pitch. They have well-trained salespersons who’re just way too good at making you visualize how beautiful your timeshare journey would be. The lure is real.

Most of the people fell for it and realize soon that they have been trapped in a situation where they have no option except to confront a never-ending array of annual payments and maintenance costs.

Luckily there are ways you can get rid of your timeshare contract – legally and without losing any money.

According to LinxLegal, a company that specializes in HGVC timeshare cancellation, “The timeshare industry has been in business for over 55 years, and they have spent that time perfecting the art of selling overpriced, worthless resort weeks to thousands of people who, over time, cannot afford them.”

If you too are going through this, we can help. Keep reading this post and know some of the tried-and-tested ways of getting rid of a timeshare contract.

 

How to Legally Get Rid of Your Hilton Timeshare

Carefully Go Through Your Timeshare Contract

First things first, take your time to go through your timeshare contract carefully. Pay special attention to the interest rate and the details about the rescission period.

 

What is the Rescission Period?

The rescission period, also known as the cooling-off period, is the time in which you can cancel your timeshare agreement.

Check with your local and state laws if your Hilton timeshare contract isn’t clear or contains clauses that are ambiguous.

 

Look for the Buyback Option

Despite the fact that timeshare companies do not buy back timeshares from the buyers, it does happen in certain cases.

Obviously, they do not buy back your agreement on the original price, and you could lose lots of money. However, if there is no other way out, you can use this option to avoid further loss.

 

Contact a Third-Party Timeshare Exit Company

Collaborating with a timeshare exit company is another viable option that enables you to get rid of your Hilton timeshare without much hassle.

If you choose to work with a timeshare exit company, make sure you do some research first as there are many fraudulent companies out there whose only objective is to gobble up a large amount of money without providing the promised services.

We recommend you choose a company that offers an escrow payment option so that the timeshare company isn’t paid in full until after the contract is canceled.

 

Sell Your Timeshare

You can also get in touch with a broker to sell your timeshare. But since timeshare brokers work on a pure commission basis, it would be difficult for you to estimate the total amount payable.

Also, timeshare specialized realtors only work for high-ticket properties and vacation clubs.

Another way to sell your timeshare is by using different websites designated for timeshare trading.

These websites also charge fees to trade your property. Make sure you go through the fine print and know all hidden charges before listing your property on the timeshare selling websites.

 

Give it Away!

In all honesty, getting rid of a Hilton timeshare isn’t very easy without any professional assistance. If you tried and failed, your last resort would be to give your timeshare away for free.

While this might sound like a bad deal for you, at least you can get rid of hefty annual charges and maintenance costs.

 

Final Word

You may be wondering why buying a timeshare is such a bad idea. Most of us buy them and don’t use them. Also, they come with hefty upfront costs and ongoing annual maintenance charges. Last but not least, they depreciate in value with time.

We hope this post has cleared some of your doubts. Have more questions? Drop them in the comments section below.