People organize and spend vacations to have a break from their routine work, enjoy with their family together and have the time of their lives. Sometimes, investing in timeshares would also be a part of the agenda, so that they can relive their memories over and over again.
But what if you have changed your mind and have decided not to get back to the destination again? That is when you realize your timeshare contract is useless and you’d never want to spend another dime upon it. You’ve got various ways with which you can get out of timeshare contracts such as hiring a timeshare attorney. Read on and find out if it works for you.
Determining if your Timeshare is Marketable:
The sad reality is there is virtually no resale value to your timeshare. The majority of times you will get scammed attempting to sell your timeshare.
Consult a Real Estate Agent:
If your timeshare is unique and in an exotic location contact a licensed real estate agent. Make sure that you are dealing with a professional who have the experience in selling timeshares, and it would be better if its someone you or a friend knows personally.
Make Arrangements to List it:
Now that you’re all set to make the sale, get ready to list it. Your real estate agent will know where to list the unit. He/she will add quality photos and a detailed and catchy description that can entice viewers to consider buying your unit.
Give Away for Free:
If you feel that your timeshare unit does not have resale value, you may consider giving it away for nothing. This, at least will free you from its hefty annual maintenance fees. Find a close friend or a family member who is willing to use it. Remember – charities normally do not accept timeshares.
Hire a Timeshare Attorney:
Be cautious when you attempting to sell your timeshare. There are various companies that might tell they have a buyer ready to purchase your unit. They will try to charge you a high fee upfront and then walk away without getting back to you. NEVER EVER pay an upfront fee to anyone who claims they can sell your timeshare. If you do you will fall prey to a scam and lose your money. Your best bet is to consult with a timeshare attorney who may be able to help you get rid of it. Hire someone who is licensed and experienced.
Timeshares are dangerous investments and it only gets worse when you are looking to sell them. Follow the above tips to ditch your unwanted timeshare and if you need extra help in doing that, hire a timeshare attorney. Good luck!
The author is a licensed attorney whose only area of legal practice is timeshare matters and a regular writer offering insights and tips on different types of investments for readers. She shares useful information on how to cancel timeshare in this write-up. Visit http://www.mytimeshareattorney.com for more information.