The lifespan of timeshare ownership often has a certain trajectory of disappointment. You are sold a dream of an inexpensive vacation getaway that’s there when you need it and taken care of when you don’t. The timeshare salesperson will buff up their sales pitch by floating the idea that you can eventually sell or rent out your timeshare. Once the maintenance fees, blackout dates and other shortcomings of the timeshare become apparent, owners will start looking for a way to free themselves of the burden. Unfortunately, selling and renting a timeshare is not as easy as you might hope and you should probably cancel your timeshare instead.
Resale Market
When people are fully ready to leave their timeshare behind, they usually start looking to sell it. Unfortunately, the timeshare resale market is currently quite grim. Timeshare ownership is more expensive than it has ever been and more people have become aware of their shortcomings. This has created a ‘buyers’ market at the detriment of people trying to sell their timeshare. If you’ve decided your timeshare isn’t worth keeping, why would anyone want to buy it?
The reality is even less palatable once you see how low the prices are. The average timeshare resale costs range from $3 down to a single penny. Unless you have an ultra-premium timeshare, “resale” essentially means you are giving away your timeshare for free. How do the prices sink so low? Timeshare companies strip all of the benefits that came with the timeshare after resale. Anyone buying a resale is simply taking upon the endless fees and shortcomings of a timeshare without the perks. This practice has effectively ruined the market for anyone except for timeshare companies and results. You really are only left with one option – to cancel your timeshare.
Rental Market
For those who still see a benefit to timeshare ownership or simply have given up trying to sell it, rental might seem like a good option. Unfortunately, renting out your timeshare is an expensive process with little benefit. When you enter into a timeshare companies rental program, you must pay a fee. When your timeshare goes on international listings, you must pay a fee. If you do find a renter, you must pay a commission fee for the rental. You can even be liable for damages to the condo that occur during rental. Your only shot is renting to someone you know. Even then, you only know so many people – this will not pay for a significant amount of your timeshare costs.
Cancel Your Timeshare Today
It’s a hard pill to swallow but the only real option to free yourself is to cancel your timeshare. At Timeshare Legal we offer a way out. For qualified candidates, we can completely cancel all recurring points and credits and any outstanding financial obligations owed directly to the timeshare developer.
If you still enjoy your timeshare but upgrades have gotten you in over your head, we also offer partial cancellation services. We will reduce your ownership to a more manageable level where you will still be able to travel within your budget. As one of the most respected and trustworthy timeshare cancellation companies, we are committed to helping our clients find the best possible solution for their timeshare issues.
The lifespan of timeshare ownership often has a certain trajectory of disappointment. You are sold a dream of an inexpensive vacation getaway that’s there when you need it and taken care of when you don’t. The timeshare salesperson will buff up their sales pitch by floating the idea that you can eventually sell or rent out your timeshare. Once the maintenance fees, blackout dates and other shortcomings of the timeshare become apparent, owners will start looking for a way to free themselves of the burden. Unfortunately, selling and renting a timeshare is not as easy as you might hope and you should probably cancel your timeshare instead.
