Try This First
Before you use us have you tried these ideas?
- First, always contact the resort and see if you can deed it back to them. This is by far your best and easiest option.
- Visit the Internet timeshare user’s groups. Two of the best known are RedWeek.com and tug2.com or tug2.net or tugbbs.com (all 3 are the same company but different presentation sites).
- Sell while vacationing at the resort. Here’s a clever idea that takes a little gumption but can work wonders for you. It’s posted at want-to-get-top-dollar-for-your-timeshare.
- Rent-to-Own. Advertise in your resort area, not in your local area far away from the resort. Your ad should stress the Rent to Own factor, not the cheap rental. Let the reader know they can “Try it before they buy it.” Let them know your charge is to cover your annual fees so they know up front what to expect if they end up buying. In your rental contract add, “Rental is $____ which shall be credited to the renter for the purchase price of $____ if they choose to buy this unit within 10 days of the end date of their rental.”
- Try listing it with an online site. Make sure they are a licensed real estate office controlled by state laws and ONLY charge a commission when it’s finally done and sold.
- If you want a quick estimate or want to get out fast, try eBay.com. Next to the Search button is a link to “Advanced”. Click on that and type your resort name in the space on the next page. Find where it says “Completed Auction” and check mark that. Now do your search. This only reviews past auctions. Red means it ended without a sale. Green means it sold.
- Try using FREE web site listing ads. Go to your choice of search engines and type this in EXACTLY: +timeshare +”free ads”. The + and “” mean specific things. Don’t leave them out. At last count there were over 214,000 of them. The first 100 or so are the most popular. Not all of them actually list timeshares, but it’s a start.
- The last method is to use a company like timeshareexitteam.com or one if it’s spin offs (there are several). Usually they try to use unfair sales practice laws against the resort. It takes a long time, can be easily fought, and often ends up working because the resort doesn’t want to face the cost of trial whether they would win or not. It’s hard to find their fees until you’re caught in their system, but most range from $3,500 to $7,000 (see some fees here). Ours is $1,400, but please check with others to see if it’s really a bargain or not. Some people say they’re crooks for charging high fees to the owner to get them out of their timeshare, but it’s just business – and legal. The reality is that they are experienced and usually successful. Just go into it with the understanding that you’ll be paying dearly for your freedom and it may take a long time but you will be free at last.