Ultimate Goal for a Timeshare Withdrawal

The financial crisis has forced many of us to lessen our household expenses and that includes paying for timeshare units that only eat up a big chunk of the family’s budget. It is unavoidable that owners tend to think of reselling the unit since they believe they can still get a little profit from it. It’s true that they could have around 30%-50% profit from the original price. But sometimes due to competition, it goes lower so it could be seen. And even so, there’s no guarantee that your unit can be sold immediately over the others. This method encourages you to waste more money since you will still be paying for the maintenance fees unless considered sold.

Reselling is also prone to scams. A lot of timeshare owners were deceived by resale companies that ask for upfront fees. The latter would promise of a sure buyer of the unit or a promise of rigid advertising through different channels to get immediate buyers. But then none of those are true. Markets for timeshares are nonexistent. No one is interested on it now compared before so there’s no assurance that someone out there would still want a unit of his own. Another thing is that resale companies don’t advertise but rather leave your timeshare behind. They don’t even make reimbursements so don’t bother asking them for one.

Rentals can attract better than reselling since it requires no maintenance fees on the part of the renters. Vacation lovers somehow recognize having a timeshare vacation through rentals. This is much safer on the part of the renters to avoid further unnecessary obligations. It may somehow help the owners in terms of paying for the maintenance fees but it isn’t sustainable and so won’t help the owners in the long run. Chances are the owner would still pay for those maintenance fees.

If you are really decided to withdraw your ownership, you must not anymore consider gaining profits from it. The profits you can derive from it aren’t that worthy enough to wait. So forget about renting or reselling. You might as well give it to charities or better yet try the transfer title. Both ways don’t require for upfront fees. All you have to do is to clear the payments including the current maintenance fees.