If you’ve recently bought a timeshare, it might not be that long after purchase that you start wondering about how to get rid of a timeshare legally. In fact, timeshares have one of the quickest turnover rates of any consumer purchase once people closely inspect the terms. If you’ve been wondering about how do you sell a timeshare, don’t think that you’re alone.
Lots of emotions can come up once you figure out that you’ve made a less than optimal decision, but you don’t have to be ruled by them. By staying calm and collected after you’ve looked over unfavorable timeshare terms, you can start formulating timeshare exit strategies that will work for you instead of against you. By following some of the tips below, you’ll be able to find the timeshare exit strategy that works for you without making some common mistakes.
Don’t Freak Out
Timeshares are certainly a tricky thing, especially when it comes to buyer’s remorse. 41% of buyers never thought they would regret their purchase, but ended up doing so; 30% were neutral prior to buying, but came to regret their decision. We totally understand how you can experience a rush of emotions when you finally look at the terms of the timeshare or read other horror stories from timeshare owners. Your rational brain might shut down and the tendency to freak out can take over. But you need not worry, and if you’re wondering about how do you sell a timeshare or come up with an exit strategy, there are many options available to you. Remaining calm and not freaking out will enable you to find the right path that works for you on your schedule.
Don’t Get Angry
In a similar vein to our tip above, it’s not worth getting angry when you’re figuring out how do you sell a timeshare. Not only is there a large secondary market for timeshares, but sometimes there is a clause in your contract where you can sell timeshares back to the company you bought them from for a reduced price. Will this may seem like a rip off, it’s certainly better than holding onto a timeshare that you will never use or profit from. We must especially warn you not to get angry at the representative that sold you your timeshare. They may seem like they’re lower than dirt in your mind, but you must keep in the back of your head that these people are for the most part just doing their jobs. If they had other options, they would be pursuing them for more money if possible. Getting angry and exasperated at them just ruins everyone’s day and does not accomplish the goal of figuring out how do you sell a timeshare in the best way that works for you and your family.
Make a Plan
It helps to have a plan when you’re figuring out how do you sell a timeshare for maximum profit and simplicity. Instead of dithering in the retail market or casually asking friends and family to buy, make a solid plan of who you’re going to call to offload your timeshare to or find a reputable company that will allow you to transfer the title elsewhere. When you have a solid plan in place, you’ll be able to move step by step to finally be rid of a timeshare that you didn’t want in the first place.
Learn from Your Mistakes
We understand that in the process of figuring out how do you sell a timeshare, you may have blocked out a lot of negative emotions. But instead of repressing the bad memories or trying to forget them, we hope that you learn from your mistakes and don’t repeat them in the future. If everyone did this, trying to sell and offload timeshares on the secondary market wouldn’t be a problem.
Once It’s Gone, Throw a Party
Once you’ve figured out the best timeshare exit strategy for you, throw a party! To finally be free of a timeshare is a wonderful thing, and to transfer the title with a time share exit company such as Lone Star Transfer entitles you to a party. Make sure to learn from your mistakes so that the next time around, you don’t fall for it again!