A deed back clause or program allows you to give your timeshare back to the resort. Until then, you remain responsible for paying the maintenance and special assessment fees along with your mortgage payments.
How can I legally get out of my timeshare?
- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
What is the best way to sell your timeshare?
List the timeshare for sale on a consumer sales website, such as eBay or Craigslist. Use an online advertising site that specializes in timeshares, such as RedWeek or Timeshare Users Group. Sell your timeshare through a licensed timeshare resale company.Mar 15, 2018
Can I sell my timeshare for cash?
If you determine your timeshare is not worth keeping, sell it now to avoid losing even more money each month. Companies claim to pay cash for your timeshare, but the convenience of a quick sale comes with a price. Third-parties will rarely pay the actual resale value.
Can you give a timeshare back to the resort?
The resort is not legally obligated to take a timeshare back from you. If you can't find a willing owner to take over your unit, you'll have to put your case to the property's manager. ... Your other option is to try to give the property to someone else or sell it for whatever you can get.
What is the average cost of getting rid of a timeshare?
On average, it costs about $5,000 to $6,000 and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.Sep 24, 2021
What can you do with unwanted timeshares?
- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
Is there a legitimate way to sell timeshares?
List the timeshare for sale on a consumer sales website, such as eBay or Craigslist. Use an online advertising site that specializes in timeshares, such as RedWeek or Timeshare Users Group. Sell your timeshare through a licensed timeshare resale company.Mar 15, 2018
Can you gift your timeshare back to the resort?
A deed back clause or program allows you to give your timeshare back to the resort. Until then, you remain responsible for paying the maintenance and special assessment fees along with your mortgage payments.
How do I legally return a timeshare?
- Exit Within the Grace Period. If you don't want to have to learn how to sell a timeshare legally down the line, this is often your best course of action. ...
- Find a Possible Breach of Contract. ...
- Return the Timeshare. ...
- Sell Your Timeshare. ...
- Contact a Timeshare Attorney.