Even if you are a happy timeshare owner, your life may take a turn that makes the timeshare more of a burden than a source of joy. If you are in such a situation right now, asking yourself “what are my choices for getting rid of my timeshare”, you must know that you have multiple options to get out – here are the most efficient methods to get rid of an unwanted timeshare.
Putting Your Timeshare on the Market
If your payments and maintenance fees are up to date, one of your best options is to sell your timeshare property. You can create an attractive ad illustrated with some attractive pictures and place your property on real estate listings, on auction and retail websites and you can also hire realtors and real estate agents to add your property to their portfolios. Your initial seller can recommend you the realtors they work with, that way you can be sure that you work with an agent who has already sold properties similar to yours.
If you choose to sell your timeshare, be prepared that you will need to be patient and that you will have to continue paying timeshare-related fees for at least a few more months, until you manage to sell the property. The demand for timeshare properties has recently been lower than the demand, which prolongs any selling process.
Offer the Property to the Timeshare Company that You Bought It from
Many timeshare companies have buy-back or deed-back programs in place and your seller might be willing to purchase your property back from you for a price favorable to them even if the rescission period during which you could change your mind and give the property back has expired.
Contact Other Owners of the Property
Your timeshare contract grants you the right to use the property for a couple of weeks each year, which also means that the property has other owners with similar rights to use the building in other timeslots. If the property is in a good condition and located in a great resort, the other owners might want to spend more time there, so you may try to sell your interval to the owners who use the property immediately before or after your timeslot – that way they could spend more time on the resort.
Turn to a Lawyer who Specializes in Timeshare Cases
Some lawyers specialize in timeshare cases such as Timeshare Termination Team. They know how to review your contract to find points that can be used as arguments in your favor, they are familiar with the applicable laws that they can cite to relieve you of your timeshare and they are excellent negotiator as well, experienced in talking to timeshare companies and in convincing them to cancel your contract. In some cases, filing a lawsuit might be the only way to get you out of your timeshare contract and you pursue that opportunity only if you have a great by your side, a legal expert dedicated to representing your best interest in a court of law.