Time Share

6 Responses to “What is the best way to relinquish a time share?”

1. A Texas Tycoon Says:
   September 27th, 2009 at 12:01 am

   There are web sites that will buy your timeshare or sell it for you.
   References :

2. David L Says:
   September 27th, 2009 at 12:21 am

   This is probably not a good time to sell it. You could let a friend use it for the price of the annual fee. It is usually much less than the cost of a hotel. And most timeshares will allow tradeouts all over the world.

   Use a broker, later when prices are back up, and let them sell it for you.
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3. AJ Says:
   September 27th, 2009 at 12:26 am

   If you are still paying for it, not much. Typically, you can’t sell the timeshare until you’ve paid for it in full.

   Your best chance is to talk to the timeshare resort directly and see if they will take it back. However, you may not get any or none of the money you’ve paid into it.
   References :

4. what? Says:
   September 27th, 2009 at 12:38 am

   sell it.

   there are Realtors who specialize in time shares. whatever you do, don’t sell it back to the company – they’ll almost always try to rip you off.
   References :

5. [email protected] Says:
   September 27th, 2009 at 1:21 am

   Sell on ebay or redweek
   References :

6. tntsolid Says:
   September 27th, 2009 at 1:31 am

   you can sell it the day after you bought it if you want to, the catch is that the mortgage is still owed in its’ entirety and you will have to pay it off as soon as you sell the timeshare. If the amount you owe is greater that the amount you are able to sell your timeshare for you will need to come up with the difference to clear the title for the next owner. Good luck on the sale, it is almost impossible to come up with a sale that covers your original purchase price if you bought from a developer.

   Timeshares can be sold but the resale value is terrible, if yours is a good one (location, season, size of unit, etc.) then it is easier but it will never sell for half of what you paid for. The average prize that I have seen them been sold is for no more than $2000, and this is for completely paid off timeshares.
   There are so many options out there and you are right several owners would just give them away, that it will be almost impossible for you to find someone to take over your payments or give you a good amount for it.
   You might want to talk to your accountant about defaulting on the payments.

   These are some options:

   - Resale is most likely not an option unless you sell it to a friend or relative.
   - BE VERY CAREFUL if someone offers to sale it for you and ask for money upfront, they are just a bunch of scammers.
   - It is ok to pay a few dollars (no more that $30) to post an ad in some really good site. There are some FREE sites that you can advertise, and my advise is that you just give it away and let someone take over your payments, you can try these:

   http://timeshareownerscommunity.com/
   http://craigslist.com
   http://ebay.com
   http://recycler.com/
   http://usfreeads.com/
   http://www.inetgiant.com/

   - Another alternative is donation, some charities take these timeshares. You can see a list of them here:

   http://timeshareownerscommunity.com/Charities-Accepting-Timeshares-Donations.html

   - The last is the more painful, talk to your accountant about bankruptcy or just defaulting on the loan.

   Good Luck!
   References :

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