Timeshare Trap
    How to get rid of a timeshare you don't want.
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   Articles
Introduction
How to Donate to Charity
Charities Accepting Timeshares
Resellers
Quit Claim Deed
Pay off a Loan
Timeshare Dump
Upfront Fees
Cooling Off Period
Foreclosure
Investment Opportunities
Fractional Ownership
Pricing: The Truth
Escrow & Attorneys
Renting
Resale Gimmicks
Inheritances
Bad Economy Issues
Right to Cancel
Cost of Ownership
Trial Programs
Rescue Services
Resort Companies
Escaping The Timeshare Trap
Contract Cancellation
Advantages
Ways to Get Out
Red Weeks
Best Locations
Financing
What Is A Timeshare?
File a Complaint
Reader Complaints

Escaping the Timeshare Trap

Ways to Get Out

There are hundreds of timeshares spread across the United States. While these resort units tend to be located in popular destination locations such as Florida, California, South Carolina and Hawaii, there are also many in many other states across the United States. No matter where a your unit may be located, you're going to have a unique set of issues to contend with when it comes to trying to sell it, depending on where it happens to be located.

One of the most frustrating aspects that any owner will face is trying to figure out how to get out of the resort unit that they own. While many people enjoy visiting the resort for years and years, they inevitably have a much different feeling about it when it comes time to sell it. It's unfortunate, but the hard, cold truth is that getting rid of a timeshare is not easy. In fact, it's downright difficult. There are a variety of reasons why this is so, but the main reason is that there are just far more people trying to sell their units than there are people who want to buy. With this being the economic reality, understanding that it will take a great deal of time and effort is important.



No matter which state in the U.S. your resort is located, there are some basic rules when it comes to selling. First and foremost, you will be getting a lot of unsolicited mail and phone calls from resale companies that will make a lot of claims of how they can easily get you out of your property. Almost all of these claims will be false and a vast majority of them will be downright scams. By far the most important thing that you can ever do when trying to sell is to never pay an upfront fee to any company that claims that they can cancel your contract or that they have somebody waiting to buy it. If you end up paying an upfront fee (this will never be called an "upfront fee" by the resale company, but it will inevitably be something which will require you to pay a substantial amount of money before its out of your name), you will lose this money when the resort unit remains in your name.

When you do use a company to resell your resort property, you will want to make sure that it has a quality rating from the Better Business Bureau (BBB) and that it has the proper real estate licenses in your area. Both state and local ordinances will vary to some degree, so it's important to make sure that anyone that you work with meets all the local requirements. This will help ensure that you are working with a legitimate company and will decrease the likelihood that you lose money.

Using a resale company is not the only way to get rid of your unwanted property. There are a number of different actions that you can take which will potentially help you find a buyer for your resort unit. Again, most of these will require some time and effort on your part, but they will give you some options to work on instead of just hoping that somebody will want to buy your unit or week.

To help you out with this, here is a list of a number of state and local areas where a large number of these resort properties are located. This list should help you to figure out the best way to sell yours depending on where it happens to be located.

Florida
California
South Carolina
Hawaii
Nevada
Virginia
North Carolina
Texas
Missouri
Arizona

 
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