The following short message was sent to us via the Submit Your Timeshare Story form on our site.
A reminder that a “FREE” magic show in Las Vegas isn’t always worth the trouble…
“Same pitch (at The Grandview at Las Vegas) but we caved on 2nd intervention offer, but a sleepless night brought me to this site. I submitted my cancellation of this business deal the very next day and hopefully there will be no problems with it. Nevada has a 5-day cooling off period. Will let you know if there was a problem. Everyone is right, if it is such a good deal why can’t we have a chance to think about it. I enjoyed our sales person but not the pressure overall. We have learned a lesson, that a good ticket deal is not worth the hassle!”
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Each state passes its own laws regarding the amount of time you have after buying a timeshare property to return it for a full refund. The process of returning an unwanted timeshare shortly after purchasing is known as Timeshare Rescission, or rescinding. The timeshare rescission process refers directly to the interval of time that is legally allowed to pass before you can no longer return a timeshare contract, or change your mind about your time share purchase. The ability to return an unwanted timeshare shortly after purchasing is not something your timeshare salesperson is likely to mention, but it is built into every state's legal code as a protection for consumers; some people also tend to refer to this time as the "cooling off period" following the purchase.
It makes no difference if you purchased your timeshare is through RCI, Wyndham, Celebrity, Disney, Fairfield, Hilton, Hyatt, Mariott, or another timeshare exchange company, the Right to Rescission is entirely dependent on the state law where the timeshare property was purchased. Each set of documents/purchase papers accompanying a timeshare sale will include form explaining how to rescind. It will likely be titled something similar to, "Notice of Mutual Right of Cancellation of Time Share Purchase." If you fall within the window of legal rescission, see the following post - 10 Steps to Successfully Rescind Your Timeshare – for detailed instructions on how you can complete the timeshare deed cancellation and rescission process. Below you will find the timeshare rescission period for each state, and please add your own comments below if you have had experience in a particular state.
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If you have decided to purchase a timeshare you may be unsure what types of questions to ask before becoming a time share owner. While everyone will have their own personal preferences regarding location, amenities, time of year, and perks, the following checklist is a good starting point for anyone new to timeshare to be sure to cover all of the bases. If you are unsure of any of the terms listed below you may want to refer to the following Timeshare Glossary, or click on the links included in the checklist (they will open in a new window).
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Operating under the name Point to Point Destinations, or West Coast Timeshare Ltd., this Vancouver, BC based company has been selling points based timeshares since their inception in 1999. In recent years there have been a number of time share owners speaking out against PTP Destinations, and looking for help in dealing with their PTP Destinations timeshare purchase. There is hope for the many PTP Destinations timeshare owners out there looking for assistance. There is an excellent web timeshare resource dedicated to informing, warning, and educating consumers about PTP timesharing called TimeshareRevealed.com. TimeshareRevealed.com is working to mobilize, help, and inform unhappy PTP Destinations timeshare owners, and assist them in taking action against the company.
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If you were unfortunate enough to buy timeshare as a result of high pressure sales techniques or misrepresentation of information you do have options. Even though you have signed a legally binding contract there are protections in place for timeshare buyers that change their minds during the “cooling off” period that follows a sale. An unhappy or misdirected timeshare buyer should be able to file for a rescission of timeshare property purchased given that the following 10 steps are followed:
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