How to Get Rid of Timeshare

Do you have a timeshare contract that you don’t need or want? Many people find themselves in this situation. So if you are wondering, “how do I get rid of my timeshare,” then you have come to the right place. The following are some useful tips to help you do exactly that.

1. Sell It

This is the first option that a majority of timeshare owners have available to them. It can be hard to sell timeshares in the resale market. The best way to try to do this is to attempt to sell your timeshare at a fairly low price at a time of high demand. You might also want to consider listing your timeshare on Craigslist, eBay, and other classified websites.

2. Rent it out in order to cover your costs

This is another way to help reduce your expenses. One challenge is that timeshare resorts often rent out their unoccupied timeshare units at lower prices than it costs to own one. That makes it hard for timeshare owners to rent theirs out. However, it still can be a way to help reduce expenses of owning a timeshare.

3. Donate your timeshare.

If you come to the conclusion that you are not going to make a profit from either renting out or selling your timeshare, you may want to donate it to a charitable organization.

4. Use a timeshare relief strategy

Many timeshare owners recently have started paying someone to take their timeshare over and relieve them of their obligation. The practice is commonly referred to as timeshare relief. This way, the owner can at least get rid of the obligation of having to pay for any timeshare related charges such as maintenance fees.

5. Return the timeshare back to the resort

This is technically one of the more viable options to get rid of your timeshare contract. The tricky part here is there is a stipulation in some timeshare contract that the resort isn’t obligated to take your timeshare back. So if you are thinking about buying a timeshare, make sure the contract provides a way to exit the contract.

To conclude, buying a timeshare gives you a way to own part of a vacation property that can be used, usually one per year. Frequently buying a timeshare is an impulsive and emotional decision. It is only recommended that you buy a timeshare when all other vacation rental services and property ownership options have been explored first. If you own one already, one of the above strategies can be used if you ever need to get out of your contract.

Speak Your Mind

*