Give Back Timeshare Can Help You Get Rid of Your Timeshare
Buyers remorse: it happens to the most conservative and discriminating purchasers and after the initial excitement and enjoyment, the dream can become a vacation knick-knack on the shelf or in some cases a financial liability. Timeshare vacation properties ,with all of their benefits, can lose their shine leaving you with that dream vacation location you simply do not have the time or resources to use anymore. Unlike your custom chopper motorcycle that you slowly stopped riding and need to unload, it is a bit more difficult to “sell” a timeshare membership simply by listing a classified ad in your local paper. Most timeshare ownerships offer great opportunities and wonderful service but the tradeoff is a contract that gives you a long-term obligation to pay for and use the vacation property. Often the decision to sell a timeshare can be complicated by desperation and stress and those feelings can lead to poor choices and opportunistic con artists or outright scams taking advantage of you.
You do have options for selling your timeshare ownership and there are steps to take to move this process along. The most important thing to remember is that if someone or some website offers a guarantee to find you a buyer or take over your timeshare membership and obligations for a fee there is likely dishonesty involved. You will be able to sell your timeshare and find a buyer but it may take a bit of work and you may find that the value you originally put into the investment is not at the same level when you try to sell the membership.
Step 1 is to understand your contract and what the membership offers to you or a new buyer: Does the timeshare have a transfer fee? What does the new buyer have for obligations? and most important, What services and amenities are offered to the new timeshare owner? Your contract is likely a very complicated legal document and was structured that way to protect the timeshare company after the sale to you.
Step 2 is to begin to review the secondary market for timeshare sales. There are several listing services that range from free listings such as Craigslist to brokerage services. This is a slow and deliberate process and is not for the faint of heart but it can be done. The balance to maintain in listing with the secondary market is to insure that you understand how to transfer the timeshare with an agreement between both the buyer and the property owner.
Step 3 is to determine if you need legal and listing counsel in removing the timeshare as a liability. This type of transfer can be the only one left if your timeshare is one that is difficult to sell on the secondary market. Good services do exist that can help navigate between the transfer of ownership and the secondary market. The key is to insure that you work with a company who does not try to mislead you in promising to “unload” your obligation for an up front fee.
Regardless of the direction you take, understand that this process is a detail-oriented journey and that there are many documents and obligations. Should you work with a service insure that they discuss all of their services up front, do not promise things that are too good to be true such as “getting you out of all obligations” or “guaranteeing that they can sell any timeshare”. Insure that you speak with the company and ask what they can and can not deliver.
Good luck on freeing yourself from the burden of a vacation!