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Whether the high-pressure sales environment, pushy representative or even just a particularly poor moment of judgement left you with a timeshare that you no longer want to own, it is possible to unload it legally and without a great deal of hassle. In fact, some of the most popular methods of getting rid of a your timeshare may be things that you never even knew existed.
When you are ready to stop searching “how to get rid of a timeshare” online and begin taking decisive action, speak with a real estate agent to determine whether or not he or she could be helpful in locating a buyer for the property. However, it should be noted that reselling a timeshare typically comes with heavy financial consequences; in fact, some owners walk away with less than a third of what they initially paid.
Should working through a real estate agent prove to be unsuccessful, think about selling it yourself; whether you post it on a local website or make it available to people everywhere through eBay, ensure that you post plenty of clear, interesting photos and write an appealing, truthful description of the property.
When All Else Fails
Should you find that there are no real estate agencies willing to list your timeshare and you cannot sell it online, consider giving it away. You will receive no return on your investment, but you will also no longer have to pay resort, membership or maintenance fees. While you may not be able to donate the property to charity, a family member or friend might like to have the option to enjoy your former vacation spot.
With enough savvy and a good attorney, some timeshare owners may find that they can talk the resort into negating their contract; this is only advisable with the assistance of a lawyer, however. Those who cannot afford the attorney’s fees may also wish to look into renting out their unit to cover the annual fees that they are required to pay.
Never Just Walk Away
Everyone who has ever come into contact with a timeshare representative knows that they are typically expensive and more trouble than they are worth. However, because you signed a contract, the resort that owns the timeshare will pursue the debt, leaving you with serious credit issues should you fail to make your required payments.