Sell Your Timeshare
Looking to sell your timeshare? Whether you can sell your timeshare depends on whether the contract you have with your resort will allow you to sell it. If it is not paid off for instance, selling your timeshare may not be allowed.
Information On Selling And Exiting
How Do I Go About Selling?
In most cases you cannot sell your timeshare back to your resort, but you can sell it on the resale market. Keep in mind however that when you do this, you will lose the value you put into it when you purchased it.
Some resorts, such as Wyndham allow you to sell your timeshare resale through a vetted third party. Most however will not allow you to sell back to the resort.
There are many exit companies that claim they will be able to sell your timeshare for you, for a fee. As stated earlier, be careful of such claims and read up on the various scams to watch for so that you are prepared.
There are a few places online that you can list your property with however, such as Ebay, Craigslist and Facebook.
Can I Walk Away Without Paying My Fees?
Many people wonder if they can walk away without paying their maintenance fees, or even walk away without having paid their timeshare off fully.
While you can break your contract and walk away, there are many consequences for doing so, so if you want to exit your contract it's best that you do so legally and cleanly.
Property Lawyers Can Help If You Are In A Pinch
If you absolutely can't sell your timeshare or get out of the contract with your resort you may be able to contact a timeshare lawyer or property attorney to help you exit or cancel your contract.
Lawyers can be expensive and may or may not be able to help you exit your contract so keep that in mind. The best thing to do would be to contact a timeshare lawyer or property attorney and set up an appointment.
Many timeshare lawyers or property attorneys offer a free consultation, so making an appointment with one is a great step in figuring out whether they can help you exit or sell your timeshare, and how much it will end up costing.
Avoid The Maintenance Fees: Rent It Out Instead!
Before you sell your timeshare or try to get rid of it completely, you may be able to rent it out to other people so that you can make enough money from the revenue to pay your fees.
If you wish to sell your timeshare and just get rid of it, the opportunity for you and your family use it in the future for generations to come will be gone!
Renting your week out when you aren't using it instead of selling it outright ensures that your maintenance fees are covered, and you get to use it in the future whenever you decide to.
Need help understanding your timeshare better? Visit our FAQ Page on timeshares.