How To Get Out Of A Timeshare: Don't Let The Resorts Fool You Again

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how to get out of a timeshare
People that have timeshares they are no longer using often try to figure out how to get out of a timeshare. The industry makes it a bit of a hassle to get rid of timeshare, and so many people often feel like they are stuck with it whether they are using it or not.
 
The problem is that some people legitimately cannot afford to pay for it anymore and it becomes a serious financial burden. If someone had to choose between their car or their timeshare or even groceries or their timeshare, it would be an easy decision. However, it isn’t always easy to find out how to get out of a timeshare.
There are a few options for people who are considering timeshare cancellation. We’ll go over a few of the options so that you can decide what makes the most sense for your situation.
 
Sell it. Most timeshares have the option to sell, but it isn’t always as straightforward as it seems. Since you don’t own anything physically, like a property, there is no deed to transfer or really no tangible good which makes it a lot less valuable. You can find dozens of listings online for people just trying to sell their timeshare for one dollar. Essentially they are trying to give it away. This is really not the answer to how to get out of a timeshare.
 
 
how to get out of a timeshare

If you think you can sell it for what you paid or even to try to recoup some of your money, think again. In addition, some resorts will stipulate that they get the first option to buy. Therefore if you find a buyer, you first have to check with the resort, and they have the option to pay for it at the amount the other buyer offered. This may not matter to you because at least you will have a timeshare cancellation but there may be other stipulations or fees involved that make this process more tricky than it seems.

 
Give it away. If you just aren’t using it and you think maybe someone else will you could try to give it away. The problem is that it is a gift that comes with a catch because even if you’ve paid off the cost of the timeshare, you still have maintenance fees that you have to pay forever. Unless you find someone that can afford to take that on and is interested in vacationing each year within that particular resort, you may find that it is harder than to think to get rid of timeshare.
 
how to get out of a timeshare
Rent it out. Vacation rentals are super trendy with people renting out their own homes even to people looking to score an affordable vacation. So perhaps you could rent your timeshare out and at least get a little of your money out of it. You’ll likely have to rent it pretty cheaply in order to make it enticing which means you’ll still be losing money. In addition, your timeshare company may have rules and regulations regarding renting it out and how you can go about that. Make sure you check that first.
 

 

Timeshare cancellation. Although timeshare companies don’t want you to think this is a good idea and will make it seem almost impossible to do, it is often the best option. A timeshare exit team can help you work through all the hurdles that the timeshare company puts in your way so that you can get out of your timeshare for good. The timeshare exit team cost will be well worth it when you consider how much you’ll save over the course of your lifetime in wasted maintenance fees and other costs associated with a timeshare you aren’t using.

For A Free Timeshare Exit Team Consultation, Conducted By A Timeshare Cancel Center Timeshare Advocate
Call 24/7: 1-866-399-2929


For More Information About Timeshare Cancellation
Talk With Our Timeshare Exit Team Or See Our Website:
 
 

  

 
 
Timeshare Resales

Call 24/7 - For A Free Timeshare Exit Team Consultation

1-866-399-2929 

 
 
Timeshare Cancel Center LLC
 
Attn: Timeshare Exit Team
5036 Dr. Phillips Blvd. #221 
Orlando, Florida 32819-3310 USA
 
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timeshare cancellation
timeshare exit team
how to get rid of a timeshare
get rid of timeshare
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Ambassador
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Michelle Carr Crowe,Altas Just Call...408-252-8900!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I'm sure there are lots of folks who'd like to get out of their timeshares.

May 18, 2018 01:50 PM #1
Rainmaker
2,494,251
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I remember a particular trip to Puerto Vallarta in 2001.  It seemed that everyone there was pushing time shares.  I remember we were a dinner one night, and my son-in-law even complained to the waiter about it, as part of small talk.  The waiter quickly perked up and said, "That's because you haven't found the right one."  And, then went about the business of trying to hook us up on a free excursion to an excusive part of Puerto Vallarta to sell a time share.  There was almost no escape!

May 26, 2018 10:46 AM #2
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Oh boy, it seems as if every resort type vacation we've ever been on has some sort of scam to suck us into a time-share. We even had someone say we didn't value our family because we refused to discuss the option of buying a timeshare condo on Maui. Goodness, what a lousy way to do business. 

May 26, 2018 02:04 PM #3
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Dennis

This is pretty useful information for those who may be wanting to get rid of their time share but have no clue about how to go about it. No doubt there are wide differences in how these different companies work.

Jeff

May 26, 2018 02:47 PM #4
Rainmaker
1,654,733
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

this is very helpful informaton to share - I have timeshares with Marriott and so far I have been happy with them but the annual maintenance fee is certainly not inexpensive.

May 29, 2018 04:00 AM #5
Rainmaker
397,762
John Wiley
Right Move Real Estate Group- EXP Realty - Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

At one time, several relatives of ours were nearly shouting with joy over their newly acquired Timeshare.

Now the cry is loud, how do I get rid of it.

Thanks for the information.

I'm glad I did not get sucked into this problem.

May 29, 2018 05:53 AM #6
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

I know many people who love their timeshares . I also have received calls from people Dennis Dahlberg  asking how they can rid themselves of their time shares . This is very useful information .So glad Carol Williams  chose this post for SCS

May 29, 2018 01:23 PM #7
Rainmaker
2,189,507
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

My sister was stuck in a timeshare and she finally found a company that was willing to take it as long as she paid the company $1,500. She dinged around long enough that they eventually lowered the price to $1,000.

There is only one way out of a timeshare (other than death) and that's to pay to sell it, probably to a company just like yours, no?

People: don't buy timeshares. Just say no. Don't do it!!!! People don't listen! And they do stupid things like get sucked into buying a timeshare. No charities want it. Nobody wants it. Except a company like you, I imagine. And it will cost them. Better than paying the HOA and resort fees for something you don't want and you can't swap for REI, regardless of what lies they promise. I thought my sister was smarter than that, but evidently NOT.

May 29, 2018 06:59 PM #8
Rainmaker
971,461
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great information for anyone wanting to get out of a timeshare.   Some timeshare companies are taking them back, but it all depends on the economy and the location of the timeshare. 

May 30, 2018 01:15 PM #9
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