Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply, but rest assured, I am working on your question.
First of all, I highly suggest you research timeshares a bit more before you get involved with one.... We have dozens of customers a week on the site who just want to get away from them....give them away if possible... just so they won't have to pay the continuing escalating fees..
These are some of the worst purchases people make and only a tiny fraction of purchasers are actually able to fully use them so as to make it worth their investment.
With that said, if you can just provide the options, I can go over them with you and explain each one so if you decide to proceed, you can make the best choice for yourself.
Ok, do you have any type of company set up that you want to own it?
Do you both want to be listed as owners?
Do you want it to automatically go to the survivor when one of you passes without having to go through probate?
Is it d/t personal reasons or the inability to schedule or get the dates they need?
All the above... and the fees keep increasing over time whether you use them or not.. You are in the unusual position of coming on the site before you step into the "timeshare trap" and still have time to pull your foot back... Just Google "timeshare trap" and read up on some of the stories and see if that might change your mind.
Most people find that over time, they could just pay for a hotel or rent someone's timeshare for less than the fees that are charged and they have much better options..
If this is a timeshare purchase from the company, then you have a statutory right to cancel any contract as long as you do it before the 6th day after the date you sign the purchase contract. So if you haven't even signed a contract, you can get all your money back upon written request and they have to refund your money within 30 days.
I think you are making a very wise decision that you will later come to appreciate if you read the horror stories about how people get stuck in these for decades and just have to keep paying..
You are very welcome. Happy to help any time..
If you feel your original question and any related follow ups have been answered, I would very much appreciate a positive rating on the answer I have provided so I receive credit for my work. If you have a new question the JustAnswer folks require that you start a new question page, but you can request me by putting "For Barrister" in the caption and they will get it to me.