5 ways to get out of your Timeshare Contract

5 ways to get out of your Timeshare Contract

Contents

1. Introduction 2. Sell It 3. Transfer your Ownership 4. Hand it Back 5. Stop paying Maintenance Fees 6. Legal Extrication 7. About Us 8. Contact

1. Introduction

T here are thousands of timeshare owners all over the world, some who are happy with their timeshare and others who have just found it to be a burden.

Timeshare originally sounded great, with many options of exchange, going back to the same place every year, making new friends and that was as if you were home from home. However, no one ever told you about the ever-increasing maintenance bills and the whole experience of timeshare not living up to your expectations.

Does the word investment sound familiar to you? Unfortunately, you were not the only person who heard this attraction when purchasing your timeshare. Nearly all timeshare owners were told that the value of their timeshare would increase, which so many have found out is not true.

If anything, most timeshare owners have found out that their timeshare has decreased in value, making it very hard to resell and even trying to sell it on the Internet is nearly impossible.

Timeshare.lawyer have a guide of the different ways in which you can try and Exit from your timeshare ownership:

Does the word investment sound familiar to you? Unfortunately, you were not the only person who heard this attraction when purchasing your

timeshare

2. Sell It

A s stated above, timeshare can be very difficult to resell. However, there is always a possibility.

If you are a timeshare owner who truly believes that your timeshare still holds value, then why not try. When wanting rid of your timeshare, selling it is normally the first option that owners think about. It is always good to try and see if you can get back some of your lost money.

If you are looking to sell your timeshare, don't be caught up with companies that are only in it to gain from you. If you are asked for any money upfront, its almost certain that this company will not help sell your timeshare at all.

Try listing your timeshare on a free website. Websites such as eBay have plenty of timeshare up for sale, where you can then scroll through and see what the best value is for your ownership, then use this as a guide price to advertise yours.

You should always compare prices of various ownerships, set a realistic price and always be prepared to take a loss.

When selling your timeshare, you should be aware that there may be costs on the transfer of the ownership. You may have to discuss this with the buyer and clarify who is going to do this side of it.

You should always compare prices of various ownerships, set a realistic

price and always be prepared to take a loss.

3.

Transfer Your. Ownership

Atransfer of ownership is when one owner signs over the deeds to another. The new owner will have to sign and take on the financial obligations of the new ownership.

Even if you sign your timeshare over to someone else for free there will be an administration fee. It is surprisingly difficult to find someone who wants to take the ownership over, even when they don't have to pay for it.

Simply because the resort needs to know that the new owners have the financial stability to carry on the payments.

You must always consider that even though you may be giving someone a gift, once the transfer has been done, they will be liable for any yearly maintenance fees, which they may not be able to afford.

There can be other issues when trying to gift a timeshare to other people. Most of the time the timeshare resort would like to approve any new people taking over the ownership.

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