Getting Rid of Your Timeshare
If you are planning on investing in a timeshare, the main factors you should think about are your timeshare exit solutions. In the event that you know for a fact that you really need it a timeshare, you should do it, but only after you have reviewed, considered and accepted all of your timeshare exit solutions should you ever require it. If you have an exit plan in place, you then are in the right position and mindset to buy your timeshare guilt free.
Your next option is always to give it back to the resorts, but it's very rare that the resort will in actuality take it back. You see, your timeshare will probably be worth more in your hands than it is in theirs because while it's in the hands, you have to shell out the dough; if it had been in their hands, they wouldn't be making any money from you. Resorts rely on your annual maintenance fees to maintain with their operating costs.
Your third option is to sell your timeshare, but take into account that the resale market is filled with a great deal of timeshare owners just like you, maybe even in your very shoes, looking to get rid of their timeshare. What this signifies for you is that the probability of you trying to sell your timeshare become slimmer with every timeshare that enters the resale market. Get more info!
The reason your chances become slimmer is basically because some of these resale timeshares 're going for less than $1 on eBay as long as you're trying to get the "market value" of your timeshare (whatever that is). Newsflash: your timeshare may be worth about as much as your used vehicle. Sad, but true.
Your fourth option is always to rent your timeshare out to generate money substantial enough for you to break even, at least, by the finish of year after paying your annual maintenance fee and other timeshare-related fees (exchange fee, special assessment, and so on ). But even then, that doesn't exactly solve your original problem of trying to get gone it altogether, so you're just likely to end up choosing one of the first two options anyway.To get more ideas on how to get away from a Timeshare, go to http://www.ehow.com/how_7616248_sell-silverleaf-timeshare.html.
If the first few options didn't workout for you, in that case your fifth option is to donate your timeshare to a charity. At this time, you just want to give it away; you don't care how much you get for this, or in the event that you get some thing for that matter. You merely don't desire to be responsible for it anymore. But the problem with donating it to charity is that a lot of charities or nonprofit businesses won't accept liabilities. That is right. Here comes your second newsflash: Timeshares have emerged as liabilities, not as valuable assets.
In a last ditch attempt to find timeshare relief at https://www.pmanagementgroup.com/faq/, you may opt to something smart, like a quit-claim deed to a homeless guy or a cat (don't laugh, it's actually been done). The situation with "quick deeds" however is that they contain no guarantees for the grantor and the grantee, so this plan of attack might get back to haunt you when your resort sends you to collections and goes after your credit.