Timeshare presentations often avoid the topic of how to get rid of a timeshare if you decide you don’t want it anymore or aren’t using it, which is no big surprise. They want you to think you’ll love it forever because that’s exactly how long you’re supposed to keep paying for it.
You see, as long as you can’t figure out how to get rid of a timeshare, the timeshare company makes money. And usually a lot of it. Between annual maintenance fees and monthly payments, if you financed your timeshare, they make literally thousands of dollars from you.
Why would they want to get rid of a good thing? They hope that you never figure out the best way out of your timeshare. They are not on your side, and they would be more than happy to keep taking your money.
However, a timeshare cancellation isn’t uncommon, and many people get to a point where they do need to know how to get out of a timeshare.
There are some ways you may try to at least offset the cost of your timeshare especially if you think you will use it again or you are concerned that you already spent so much money on it that it will be a shame to just get rid of timeshare. Many people turn to renting their timeshares hoping to at least get a little of their money out of it or perhaps even make a profit.
Renting your timeshare generally isn’t a lucrative option though, and you’ll likely struggle to rent it at a price that even covers your yearly maintenance fees. That’s because timeshares really don’t want you renting it out, so they rent out any unused units to other vacationers, particularly those they hope will actually buy into the timeshare. They will lure them with super cheap or even free stays making it difficult for you to compete.
In fact, I have read some comments on other blogs from people who talk about how much they love trying to rent timeshares because they get a vacation for a fraction of the price. That means that by renting your timeshare, you are probably actually losing money. People don’t brag about getting a bad deal.
The other common way our timeshare exit team sees people trying to learn how to get rid of a timeshare is to try to sell it. They might think that if they were willing to shell out thousands of dollars for it, surely someone else will! Unless you are going to set up a booth on the resort property, up your persuasion skills and your high-pressure sales tactics, and be prepared to offer some free incentives, you’re probably not going to have much luck.
Do a quick search on the internet, and you will find dozens of listings for timeshares selling for $1. Yep, one buck. And guess what? No one is buying them!
They are basically giving it away, and still, no one wants it. Most people know that paying fees each year for a vacation they may never take or being super limited on when and where they travel just isn’t a good deal even if the initial investment is only a buck. Timeshares have a bad reputation for a reason, and it’s not surprising that people won’t even buy one for a dollar.
If you really want to know how to get out of a timeshare, the best option is timeshare cancellation. You bought your timeshare to take vacations, and for whatever reason, you aren’t doing that, or you just don’t like being forced to pay for fees each month.
A timeshare cancellation will allow you legally out of your timeshare contract so you can stop paying fees, stop feeling pressured to take vacations when it is convenient for the timeshare company and stop going to places you don’t really want to go just because that’s where your timeshare is.
When you work with us, our timeshare exit team reviews your timeshare contract to determine the best cancellation strategy. From there, we go to work on your behalf. We are the helping hand that you need, and we are on your side.
In some cases, we may be able to help you recover money from the timeshare company. That’s right, we might be able to help you get some of your money back. That is money you have already spent, coming back into your pocket.
Call us today to get out your timeshare!
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