Owners of timeshares in popular resorts (Marriott, Hilton, Starwood, Hyatt) and destinations (Bahamas, Hawaii, Florida) often find it easy to sell or rent their timeshare however some timeshares are difficult to exit. Most of you reading this are probably well aware how difficult it can be to exit a timeshare. This article will help explain the most common timeshare exit strategies.
Selling a timeshare
Trying to sell your timeshare is the first logical step. Unfortunately, for some, selling a timeshare can be frustrating. It may be difficult coming to terms with the loss that may be required to sell your timeshare. Most timeshares sell in the resale market for 0-10% of their original purchase price. Hundreds of timeshares can be found on ebay with a sale price of under $100. Still motivated to sell your timeshare? Read through our resale category for advice on selling timeshares.
Donating a timeshare
Donating a timeshare may be the best opportunity to produce a positive outcome from a negative situation. Timeshare donations work on a simple concept: The donation company will purchase your timeshare at a bargain price, resell the timeshare, and give a portion of the profit to a charity. Still interested in donating a timeshare? Read our article on donating a timeshare.
There are a number of timeshare transfer companies that contact owners with offers of a painless exit strategy for a small fee. Reviews of timeshare transfer companies tend to be mixed. For some these services appear to be beneficial, and for others they are an additional painful step in the exit process. Still interested in a timeshare transfer company? Read our article on Timeshare Transfer Companies.
Give it Back
Contact your resort to inquire about a deed-back. Although not guaranteed or required, some resorts will accept return of your week for a processing fee.
Not paying your maintenance fees should be avoided if at all possible. It is the last option you have, and should be treated as such. Contact the resort and inquire about a deed-back before you stop paying. If a deed-back is not possible try to give the timeshare away through Craigslist, Ebay, or our free classifieds section. If you really want to simply walk away, make sure you understand how it will affect your credit.
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