The long weekends away used to be a lot of fun.
From the times when you spent long days by the shore to the weekends that you spent hiking in the mountains, your family weekends at the timeshares were amazing. From the time that your two daughters were born until they were out of college, the timeshare gatherings were everyone’s favorites. And while you and your husband still like to get away fairly often, the girls no longer have time in their schedules. What they do have time for, though, is for you and your husband to visit them. As a result, you find yourself looking for the latest timeshare valuations and finding out what the opportunities are for getting out of a timeshare contract.
Getting a Timeshare Valuation Is the First Step in Canceling a Timeshare
Sometimes in life the plans that we have in life change, and what seemed like a great idea 20 years ago turns into something that is completely impossible now. Timeshares can be like that. Timeshare attorneys can often provide the help that many families need when they change their mind about how they will be spending their upcoming vacation events. Cancelling a timeshare, in fact, can be a long process if you do not have the right available resources in your corner.
Consider these facts and figures about the timeshare industry and the process of getting out of a contract when your circumstances change:
- The timeshare industry is a $70 billion industry.
- 7% of U.S. households, which amounts to 9.2 million, own one or more types of a shared vacation ownership products, according to the 2016 U.S. Shared Vacation Ownership Consolidated Owners Report.
- Citing money, fear, confusion, intimidation, and distrust as their main reasons, 85% of timeshare buyers regret their purchase decision.
- 46.8 years is the average age of timeshare owners in America.
- 3% of U.S. households own a timeshare.
- $20,040 is the average price of a new timeshare.
Finding an attorney to help you when it comes to cancelling a timeshare may be essential to you when your circumstances change. And while many families decide that a timeshare works for them when their children are little, when children get older schedules can change.