Stuck With a Timeshare You Don’t Want? Learn How to Get Rid of It!

If you’re having trouble selling your timeshare, you might want to consult with a timeshare selling company. There are many companies, though, so you need to be careful with your decision. Some companies charge up-front fees and never manage to make the sale. They will only take your money and not do anything for you in return.

Even if a site offers you a guarantee, you shouldn’t pay any upfront fee. If a real estate sales pitch sounds too good to be true, it probably is. The market for timeshares is doing poorly right now, so very few companies actually have the right resources and affiliates for selling shares.

How can you tell whether a company is legitimate or not? For starters, a legitimate company will never outright ask you for any money. You shouldn’t be charged for anything until after your property share is sold. If an organization fails to make the sale for you, you will not only be out of money, you’ll also still be responsible for annual fees.

Be wary of listing companies that promise to sell your property at ballooned prices. Once again, the market isn’t very strong right now, so you shouldn’t expect to receive a lot of money. There are hundreds of thousands of other timeshare owners trying to free themselves from the responsibility for something they probably didn’t even want in the first place.

Many people are suckered into buying timeshare and are unsure how to get rid of it. Thus, they are stuck with it and the fees until they are able to make a sale. You are competing with all of these people, which is why consulting with professionals is so important.

Before your timeshare can be sold, you need to make sure that there is no mortgage on it. You’ll have to pay it in full before a company can sell it. Different sellers have different policies. Typically, they will require that you take care of all fees billed 180 days after the agreement with their company. For example, if you pay your fees quarterly, you’ll be responsible for the next four month’s payments.

A reliable company will handle the paperwork and the transfer information. All the paperwork is submitted to a title agency to professionally handle your transfer of ownership. The resort will be notified that you are no longer the owner. The closing service information is recorded on the Deed. All in all, most of the hard work is done by the company.