If you’re reading this, chances are you’re a Bluegreen timeshare owner who has grown tired of the high costs and inflexibility of your timeshare. Perhaps you bought it impulsively and didn’t realize how difficult it would be to use, or maybe your life circumstances have changed and you can no longer travel as much as you used to. Whatever the reason, you’re now looking for a way out of your Bluegreen timeshare contract.
You’re not alone. Many Bluegreen timeshare owners are frustrated with their purchase and are looking for a way to get out. In this article, we’ll explore the reasons why people want to cancel their Bluegreen timeshares, how to cancel a Bluegreen timeshare, and what you need to know before you take any action.
Why People Want to Cancel Their Bluegreen Timeshares There are several reasons why people want to cancel their Bluegreen timeshares. Here are some of the most common ones:
- High Costs Bluegreen timeshares can be expensive to purchase and maintain. Owners must pay annual maintenance fees, which can range from a few hundred to a few thousand dollars. Additionally, Bluegreen timeshare salespeople often use high-pressure sales tactics to convince buyers to upgrade to more expensive packages.
- Difficulty Booking Bluegreen timeshare owners often struggle to book the accommodations they want, especially during peak travel times. Some owners report having to book a year in advance just to get the dates they want.
- Lifestyle Changes Life circumstances can change quickly, and what was once a good fit may no longer work for you. For example, if you have a new job that doesn’t allow for much vacation time, or if you have a new baby, you may find that you no longer have the time or desire to use your Bluegreen timeshare.
- Resale Difficulties Bluegreen timeshares are notoriously difficult to sell. Owners who try to sell their timeshare on their own often find that there is little interest, and those who use a resale company may have to pay steep fees and may still not be able to sell their timeshare.
- Scams and Fraud Some Bluegreen timeshare owners report feeling scammed or defrauded by the company. They claim that salespeople misled them about the costs and benefits of owning a Bluegreen timeshare, and that they were pressured into signing a contract without fully understanding what they were getting into.
How to Cancel a Bluegreen Timeshare If you’ve decided that you want to cancel your Bluegreen timeshare, there are several options available to you. Here are some of the most common ways to cancel a Bluegreen timeshare:
- Rescission If you recently purchased your Bluegreen timeshare, you may be able to cancel it under state rescission laws. These laws allow timeshare buyers to cancel their purchase within a certain number of days (usually between 3 and 10) after signing the contract. If you cancel within this time frame, you’ll be entitled to a full refund of your purchase price.
- Resale If you’re outside the rescission period, your next option is to try to sell your Bluegreen timeshare. This can be difficult, but it’s not impossible. You can try to sell it on your own or use a reputable timeshare resale company. Keep in mind that you may not be able to sell it for what you paid for it, and you may still be responsible for maintenance fees until it sells.
- Timeshare Exit Company If you’re unable to sell your Bluegreen timeshare, you may want to consider using a timeshare exit company. These companies specialize in helping timeshare owners get out of their contracts.
Timeshare Exit Companies and Escrow
If you’re outside of the rescission period and the resale market isn’t a viable option, your best bet for getting rid of a Bluegreen timeshare is to use a timeshare exit company. These companies specialize in helping timeshare owners get out of their contracts, and they typically have a variety of solutions that they can tailor to your specific situation.
One option that many reputable timeshare exit companies offer is escrow. With this option, you don’t pay the exit company anything upfront. Instead, you put the money you would have paid them into an escrow account. The exit company only gets paid once they’ve successfully helped you cancel your timeshare contract. This can help give you peace of mind, since you don’t have to worry about being scammed by an unscrupulous exit company.
Keep in mind that not all timeshare exit companies are created equal. There are plenty of scams out there, so it’s important to do your research and choose a reputable company. Look for companies that have a proven track record of success and positive customer reviews. You can also check with organizations like the Better Business Bureau to see if there have been any complaints filed against a particular company.
FAQs about Bluegreen Timeshares
Here are some additional frequently asked questions about Bluegreen timeshares that might help you make a decision about canceling your contract:
How long does it take to cancel a Bluegreen timeshare? The timeline for canceling a Bluegreen timeshare will vary depending on your situation. If you’re still within the rescission period, canceling should be a fairly straightforward process that can be completed within a few weeks. If you’re working with a timeshare exit company, the process could take several months.
Will canceling a Bluegreen timeshare hurt my credit score? Canceling a timeshare shouldn’t have a significant impact on your credit score, as long as you’ve been making your payments on time. However, if you’re behind on your payments or if your account is in collections, canceling the timeshare could have a negative impact on your credit.
Can I sell my Bluegreen timeshare back to the company? Bluegreen does have a program in place that allows owners to sell their timeshares back to the company. However, the program is not widely advertised, and the terms are not always favorable to the owner. You can contact Bluegreen’s owner services department to learn more about the buyback program.
If you’re thinking about canceling your Bluegreen timeshare, you’re not alone. Many people have had negative experiences with this company, and there are several reviews online that speak to the frustrations of trying to get out of a Bluegreen contract. However, there are options available to you.
If you’re still within the rescission period, canceling your timeshare should be a relatively straightforward process. If you’re outside of the rescission period, you may need to explore other options like the resale market or working with a timeshare exit company. Whatever route you choose, make sure you do your research and choose a reputable company that can help you get out of your contract.