If there is a mail box or a community bulletin board at your home resort, you can put up a “For sale” sign. This will pressure the developer especially if they sell it for $20,000 USD and you offer it for $5,000. Sometimes on the fine print of some sale agreements says that the developer has the first right to buy if your place is ever sold. I have heard of developers paying the money (as long as is not too much) just to take the sign out.

To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam. Unfortunately over 50% of people that really need to sell their timeshare falls for resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it through free advertising options as much, and as many sites as they can (it is okay to pay a few dollars to post in a great place but no more that $20 to $30). Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.

There are some free classified ads where you can start posting:

http://timeshareownerscommunity.com/

http://craigslist.com

http://ebay.com

http://recycler.com/

http://usfreeads.com/

http://www.inetgiant.com/

In the meantime you can put any and all extra money you have towards paying off the loan. You could even get a second income to do so. This really should be thought of as throwing good money after bad; because if you do pay it off you will still be on the hook for maintenance fees and taxes etc.

Timeshares can be inherited, they are deedable properties. You can inherit a timeshare, but should you? Inheriting a timeshare is not as simple as inheriting a house. Timeshares come with financial obligations.

Review the timeshare contract to understand all of your obligations should you assume ownership of the timeshare. Most timeshares require an annual payment in the form of maintenance fees. You should expect to pay $400, at a minimum, in annual maintenance fees. You should also be prepared to pay more each year in unexpected in special assessment fees.

You can refuse the timeshare inheritance by filing a Disclaimer of Interest, should you decide not to accept the timeshare inheritance. It may not be possible to disclaim the timeshare without disclaiming the full inheritance.

You can sell the timeshare if the disclaimer of interest is not an option. Selling a timeshare can be difficult, however everything sells quickly at the right price.