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5 Reasons to Never Sell Your Timeshare

If you’re like a lot of people, you’re probably wondering how to get out of a timeshare purchase. Many timeshare owners inevitably find that the fees are too high, vacations are stressful, and they’d like to visit new places. However, there are some good ways to get rid of your timeshare, like by hiring reputable timeshare lawyers, as well as some bad ways. Attempting to sell your timeshare is rarely a good way. Here are five reasons why you should never try to sell your timeshare.

It Isn’t Always Legal

Many people think that selling a timeshare is just like any other real estate transaction. However, there are laws and rules for selling a timeshare that vary depending on the state or country and differ from selling a home or condo. That’s because you would be selling a small fraction of the property, not the entire thing. Because you’ve entered into a contract, most associations or resorts need to approve the sale. That can mean a lot of waiting or disagreements. Without the green light, many companies won’t recognize the new owner if you sell without their approval first.

Competition for Buyers Is Fierce

Unfortunately, competition for buyers is fierce when it comes to timeshares. Sellers don’t exactly have special features or different amenities to one-up their neighbor. Everyone who is trying to sell is selling the identical floorplan, identical amenities, and even identical décor. The only way to set yourself apart is by lowering your price.

It’s a Buyer’s Market

Because one of the only ways to set yourself apart from other sellers is to lower your asking price, resale timeshares often sell for only 50% of the original price, and sometimes they even sell for as little as 20-30% of the original price. That means that buyers have plenty of inventory to choose from, especially now when so many people are trying to sell their timeshares. You could end up losing a lot of money by selling.

Scams Are Common

If you’ve been contacted by someone who says they can sell your timeshare, it’s probably a scam. Many scammers prey on desperate timeshare owners who want nothing more than to sell. The scammer will tell you that they already have a buyer lined up or that they will be able to sell your timeshare quickly for a small upfront fee. You should never give anyone money before the sale of your timeshare. You should have a contract and proof of the sale beforehand.

You Might Need Reputable Timeshare Lawyers

The only way to get rid of a timeshare legally is by hiring reputable timeshare lawyers. Reputable timeshare lawyers have a better chance of getting you out of your timeshare contract than of you selling it. A timeshare lawyer can negotiate with the association or resort to legally cancel or transfer your timeshare.

Coming up with a timeshare exit can be a difficult task. While it may seem that selling is the best way to go, attempting to sell your timeshare usually poses many challenges or is downright impossible. Better timeshare exit strategies exist that you should try. The next best step would be to hire reputable timeshare lawyers who can get you out of your timeshare both quickly and legally.

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Our primary service is our title transfer service. This service helps timeshare owners by legally transferring their timeshare property title out of their name. Once the transfer is complete, all financial liability and obligation is removed.

Timeshare owners that still have a mortgage on their timeshare may qualify for our Timeshare mortgage cancellation which is the most successful timeshare exit strategy available. Throughout this process we work directly with you to cancel your timeshare with the resort where you purchased it.

Please call our office today for a free consultation

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Every clients situation is unique and therefore the costs vary.

After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

Every clients situation is unique and therefore the costs vary. After your consultation we will give you specific cost and a guaranteed time of completion in writing for your exact situation.

We provide a 100% written guarantee and have earned glowing testimonials.

A recession period is outlined in your timeshare agreement and is usually 3-10 calendar days where you can cancel your timeshare contract. Each state and resort have different guidelines for this, which are outlined in your contract. If you happen to be in your recession time period, you can cancel your timeshare. Be aware that timeshare companies will often make it very difficult to contact them and cancelling often requires filling out paperwork and mailing it in.

If you are in your recession period, act quickly. You can also contact our team for help cancelling your timeshare.

Call our office today

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Timeshares are difficult to cancel due to the nature of the contracts that timeshare companies and resorts use. Recession periods are generally very short and difficult to navigate. Writing a letter to cancel your timeshare is often lost or not received by the resort, or that is what they’ll say.

Our team of experts know how to navigate the process and guarantee your freedom from your timeshare.

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