When it comes to the answer to the question of how to get rid of a timeshare, there is no easy answer that works for everyone. The best way to get rid of a timeshare will depend on a variety of factors like how long you owned it if you still owe money on it, and what resort you own it with.
These will influence your course of action when it comes to unloading your timeshare. In some cases, it may make sense to do a timeshare resale while in many others a timeshare cancellation is going to be your best bet. Read on to learn more about how to evaluate your options and get out of your timeshare.
When you bought your timeshare, you probably didn’t think you would ever need to know how to get rid of a timeshare. You imagined that it would be useful and may even save you money. For whatever reason (and believe me, there is a multitude of reasons) it just didn’t happen the way you thought it would.
So now it is time to get out of your timeshare, and you are at a loss as to where you should even start. The two most well-known and legitimate options to get out of a timeshare are timeshare resale and timeshare cancellation. However, depending on your unique circumstances one may be a better option than another.
Let’s first explore the option of doing a timeshare resale. When you sell a timeshare, it is similar to selling any other piece of real estate. You hire a real estate agent who lists it and helps prospective buyers “tour” your timeshare.
If you own an expensive timeshare in a high demand location, this option makes sense. You may be able to make a bit of money, and it should sell quickly. In fact, a timeshare at a Hawaii property recently sold for upwards of $120,000 leading to some very happy ex-timeshare owners.
However, if you do not own a highly sought after timeshare, timeshare resale can be a long process. It can take months or even years to sell your timeshare. Keep in mind that you do have to continue to make payments on it while you are trying to sell it.
And while it is true that some timeshare may gain value, most of them do not. In fact, the average timeshare resale price is about $20,000 less than what a new timeshare sells for. For you, this means that you will most likely lose a pretty big chunk of money.
In addition, you have to pay a commission to your agent just like you would any other real estate transaction. These costs can really add up and can lead to you losing a lot of money. If you still owe money on your timeshare, you may not even be able to pay it off completely with the proceeds from the sale.
As you can see, a timeshare resale may not be the best answer to the question of how to get rid of a timeshare. In these situations, a timeshare cancellation is often going to be your best bet.
When you cancel a timeshare, you hire a high-quality timeshare exit team like the one here at Timeshare Cancel Center. They then take over on your behalf to get you the timeshare cancellation that you need. Once your timeshare is canceled, you don’t owe any more money, even if it depreciated in value. It also does not ruin your credit like a short sale or foreclosure would.
You are, of course, probably wondering about the timeshare exit team cost. There is a fee for our services however it is often less than a couple years of maintenance fees on a timeshare that you aren’t using anymore. In addition, we offer a satisfaction guarantee on all of our services.
This means that the only way we get paid is if we cancel your timeshare. We don’t string you along, and we don’t get paid more if it takes longer. We are on your side, and our only goal is to get you out of your timeshare.
In some cases, we may even be able to get you a refund on some or all of the money that you have already sent the timeshare company. You don’t need to go this alone, you need the best to help you figure out how to get rid of a timeshare.
Call us today to discuss your timeshare cancellation and find out how we can help you today!
For A Free Timeshare Exit Team Consultation,Conducted By A Timeshare Cancel CenterTimeshare Advocate Call 24/7: 1-866-399-2929