It is quite unfortunate that when a timeshare investment is no longer needed or is of any benefit. If you ever find yourself in a position that you can not sell your timeshare, there are a few things that you can consider. Times of natural disasters or a normal fluctuation in markets can be a huge hit to all the businesses, and the same can happen to timeshare owners.
The following are a few suggestions that you can use to get rid of your timeshare in the minimum loss. You should also note that these are last resort suggestions that you can try before wasting more money having someone else try out these options for you. These suggestions are perfect to be done by yourself without any cost or only a little cost.
1. Give Your Timeshare Back Ie Timeshare Deedback
This is what is called the Timeshare Deedback to the resort you have got it from. While it is a big shot, it will only take a single phone call or two to ask, and even if you see the resort to be in refusal, you are in no worse situation than the one you are in right now.
To get this into action successfully, the timeshare should be paid in full and not have any back taxes or fees owed to the resort. It is only a matter of calling the resort and speaking to the right person and asking if the resort will fully take the weeks back. It isn’t uncommon for the resort to charge you the transfer fee for this, but make sure that you only pay this to the resort itself.
Also, note that the resort doesn’t have to accept the deedback, as many owners try out this method. There are only a few weeks the resort may take back and still maintain all of the funds it requires to operate. The success or failure of this deedback is wholly dependant on your ability to contact the person at the resort that makes the final decision.
This is almost not always the same person that will be answering the phone in the resort. Letters to your BOD/HOA are highly suggested at this point, and stamps are also under .50 cents in the present days.
2. Give Your Timeshare Away
We firmly believe that many Timeshares go unsold mainly because they are listed at an unreasonable asking price. If you are only looking to get out of the timeshare, why haven’t you attempted to give it to any willing owner? You should be highly aware that you can not sell your timeshare no matter how much you want to if you are selling it at a ridiculous price.
3. Don’t Donate Your Timeshare in Charity
Donating your timeshare means that you are picking a charity that is willing to take your timeshare to sell it for you hence using the proceeds from the sale considering a donation for itself.
Charities may not use the timeshare you are offering them, neither do they wish to burden of owning a timeshare, so that the most utilized option is to only sell it for you in the hopes of finding a buyer. This, of course, means that your timeshare has to be sold for only at least a bit of money to be considered for donation.
If you only get a dollar for it over eBay, the charity will have no benefit for this timeshare, and it won’t also be available for donation. Your timeshare should have some value and be able to get sold so that you can donate it to charity.
These were some of the finest ways you can try to get rid of your timeshare. In times of natural disasters or normal issues in your personal preferences, you can only expect to find alternatives to your investments made in business if things don’t seem to solve up any time soon.
You can also choose to bring improvements in your work and other passions so that you can find out a way that can help you in these times as well without stopping to create or be better at your work!
You can always improve your work status as the market gets back on a boom so if you see the fall is for a little time, you may also opt to keep your timeshare and wait for things to get better.