Here’s Why Renting or Selling Your Timeshare Usually Doesn’t Work

Learn why renting or selling your timeshare are often times not viable options for getting out.

If you’ve owned your timeshare long enough you are probably aware of the many firms who offer to sell or rent your timeshare unit – for a fee. These are known as the Timeshare Resale and Timeshare Rental markets and we’ll explain what they are and why each is typically not the best avenue for disposing of an unwanted timeshare.

Timeshare Resale Market

A market consisting of many third parties as well as person-to-person timeshare sales & transfers, this area of the timeshare industry is widely scattered. Much like when you go to purchase a home, you can buy from a bank, a broker, a firm, or a person. Timeshares that are listed for sale all over the world are similar in this way.

The current status of the timeshare resale market is not good. The vast majority of timeshares are simply not fetching much value. Young people today have discovered many different, and frankly better, ways to travel than the previous generation. The cost of ownership of a timeshare has increased significantly over the last 20 years and as a result, less people overall are interested in owning one. The benefits no longer out-weigh the costs.

We always pose a simple question: If you don’t want it, why would someone else?

If it doesn’t get you where you want to go when you want to go, what’s it worth?

If the cost of owning it has increased several times over in the last 20 years, what value does it hold?

If the resort you purchased at has raised the maintenance fee over the years, but you no longer enjoy the facilities for some reason, why would someone else want to pay for something they likely won’t enjoy?

If you’re sick of going to owner updates, why would someone else want to attend in your place?

Whatever your reason for wanting to get out of your timeshare, do you really think someone else will pay you money for those same reasons?

Current Value of Timeshares for Sale

Click the link below to see a current list of timeshares for sale on a popular online auction site. It is not pretty. The average cost is around $0.35. This is not a typo. There are timeshares for sale that range from $0.01 to $3.00 at most on the first page of the listings. Unless you own an absolute premium timeshare, you’re likely not going to be happy when you go to sell.

Click Here to See Timeshares For Sale, or scroll down for some images show these listings:

 

As we mentioned above, there are many reasons for this complete destruction of any percieved value in most timeshare properties. There is one more that we haven’t covered yet: Benefits.

Resale Buyers Get No ‘Benefits’

When you sell your timeshare to someone whether directly or through a third party, any party that is NOT the resort, the developer strips the contract of most of the benefits to being a timeshare owner. This is the developer’s way of saying: “Buy from us and only us, or else”.

In the rare chance you sell your timeshare for even $1, the new owner of the timeshare you that didn’t want becasuse it was expensive and didn’t work as you were told it does, that comes with endless owner updates and ever-rising maintenance fees, now comes with significantly fewer owner benefits than when you owned it.

Does this sound like something you want to sell to someone?…

Something you’d want to buy from someone?

This trick by the developers of the timeshare world effectively killed the timeshare resale market.

What is a frustrated timeshare owner to do? Some firms claim you should try Timeshare Rental…

Timeshare Rental Market

Renting out your timeshare week to someone else definately sounds appealing: recover my maintenance fees & taxes, yet still own my timeshare to use when I am able? Sounds good. Not good.

If you pay a firm upfront to take your timeshare into their rental program, there goes a several hundred dollars.

It didn’t rent right away? Well, you need to pay a few more hundred for our International Listing…

If they are able to find a renter, here comes the commission payment you owe them for finding a renter.

Then, bring on the paperwork and coordination with your home resort. In fact, many resorts do not even allow this practice any longer.

Who is liable for damages to the condo? Is someone you don’t know (and in turn, don’t trust) vacationing as you? This get’s a bit murkey.

If you decided to try and rent your timeshare to someone on your own, as many resort salespeople pitch nowadays, you’re going to find this will not end well for you, either. Trust us here. You are not going to make $3,000 per year renting out your timeshare week. There is simply too much uncertainty in renting out a timeshare from a third party for most folks to trust putting their entire vacation, something they have saved up for and work hard to achieve, on the claims of a timeshare owner looking to pass along their financial obligations to someone else.

If timeshare rental doesn’t work, either, what is a frustrated timeshare owner to do?!?!

Easy! Learn about Timeshare Liquidation from Relief Solutions International.

We offer professional Liquidation Services. Learn about our process in our Free Daily Webinar or simply give us a call at (888) 528-6630 with any questions.

Summary

The Timeshare Resale market was effectively killed by the developers. Timeshare Rental costs too much money and causes too much headache. If you are done with your timeshare, it is time to learn about Timeshare Liquidation.

 

 

 

 

 

 

 

What is Timeshare Liquidation? Here’s Everything You Need to Know…

Timeshare Liquidation: the process of legally eliminating all binding aspects of a timeshare contract as it pertains to the current owner.

In what is called the ‘Timeshare Exit’ industry, there are firms who provide professional services for timeshare owners who no longer want or need their timeshare ownership. This can be for a variety of reasons but most often, financial burdens top the list.

Timeshare liquidation services do come with a cost. However, considering it is one of the most effective methods of truly terminating a timeshare contract, it indeed makes financial sense. Consider it ‘one last thing’ in dealing with your timeshare. One more expense to replace the yearly dues, taxes, and endless owner updates.

Timeshare liquidation is NOT:

  1. Selling your timeshare
  2. Renting your timeshare
  3. Transfering your timeshare

A common scam in the Timeshare Exit Industry is to provide services that claim to be able to sell or rent your timeshare. These services will most likely end up costing you money without the end result you desire. You spend money, yet still recieve a maintenance fee in January.

Any promise to sell or rent your timeshare that comes with an upfront cost should be avoided. These firms will take your money, usually several hundred dollars, to list your timeshare week for sale or rent on their directory. Who shops this directoy? Does is get adequate exposure? Is this simply a list the firm uses to show that they, technically, have actually ‘listed’ your timeshare?

The truth is most timeshare contracts will not sell on the resale market. Renting them requires a ton of legwork and hassle and the chances of it actually being rented are slim to none. Unless you own a premium contract, such as a fixed week in prime season at Disney, your week will not rent.

If it does, the commissions & fees you’ll be obligated to pay for it being rented will all but negate the money you may collect from the rental.

Enter Timeshare Liquidation

While each case is different and we can’t get too deep in the weeds of legal processes, timeshare liquidation is the only effective means of truly severing ties with your timeshare contract. This is the service we offer here at Relief Solutions Internationl LLC.

We hate to sound like a broken record, but we:

  1. Do Not Offer to Rent Out Your Timeshare For You.
  2. Do Not Offer to Sell Your Timeshare For You.
  3. DO Liquidate Timeshare Contracts Forever.

If this is something you are interested in, give us a call at (888) 528-6630 and chat us up. We’d be happy to answer any questions to see if this service may be for you.

You can also listen in to our Free Daily Webinar (these are live online presentations).

If you’d rather us give you a call, schedule a Free Consultation and we’ll reach out to you.

Summary

Any claim to rent or sell your timeshare for money upfront is likely not going to end well for you. The most effective way to severe ties with your contractual timeshare obligations is to engage in timeshare liquidation services, such as those provided by Relief Solutions International LLC. This website has several resources to learn more about who we are and what we do. Feel free to look around. When you’re ready, we’ll be here.

How to Get Out of Your Timeshare – A Complete Guide

If you’re considering liquidating your timeshare contract, you’ve come to the right place. Whether you’ve recently entered into a timeshare contract or have owned for decades, both the decision and the steps to take aren’t a breezy walk down the beach. Getting out of a timeshare takes time, perserverance, and typically some expense for professional services. We’re here to help you navigate through these steps and make things as easy as possible.

We hope you have gained many great memories as a result of your timeshare. Luckily, we can show you how to continue traveling and staying at the resorts you’ve become accustomed to, even after you have officially cut ties with your timeshare ownership.

This guide will explain the resort industry, the timeshare exit industry, how to avoid scams when exiting your timeshare, and give a general overview of the process of terminating a timeshare contract.

Making the Decision

Beyond the legal and procedural hurdles you’ll face as you begin to unwind your contractual obligations with the developer of your timeshare resort, there are mental hurdles to overcome as well. We’ve found this to be especially true for  folks who have owned their timeshare for many years. Change is never easy.

Recall the fond memories from your vacations, cherish them. Then, once you’ve come to the conclusion that you’ve truly enjoyed the past years of ownership, put some pen to paper and think about the future. Maintanence fees will only trend in one direction – up. Exchanges will only get more costly. Do your heirs want your timeshare? Can they afford it? These are all good questions to ask yourself when deciding to get rid of an unwanted timeshare.

In nearly 10 years of helping people terminate unwanted timeshares, we have yet to work with someone who regretted making the decision to get rid of it.

Avoiding Scams

Unfortunately, this is a much needed section within this guide. Many firms within what is know as the timeshare exit industry are staffed with people who previously worked in the timeshare sales industry. This is due to the knowledge they possess about tactics and process inside of timeshare sales companies. As with any industry, bad apples have crossed over: they scammed people into buying, now they’re scamming people by making false promises of being able to sell or rent your timeshare.

We do not rent timeshares. We do not sell timeshares. We will not rent or sell your timeshare for you. 

Any service claiming to sell or rent your timeshare for you has a high probablity of being a scam. Here’s how it works:

  1. You pay the firm to ‘list’ your timeshare for rent or for sale.
  2. Once it doesn’t rent or sell, tough loss.

The timeshare resale & rental market is hanging on by a threat and chances are, your’s will not sell. It is sometimes possible to rent your week, but between fees and hassle, it is often times a wash. A few name-brand ownerships still hold some value on the resale market, but the vast majority are essentially worthless.

Timeshares are currently for sale for as little at $1. Then there are closing costs. The fact is, people do not want to pay money to take on the burden of ever increasing maintenance fees, increasing taxes, and limited availability.

Don’t believe us? See Live Timeshare Listings for Sale Here to see for yourself…

Any firm promising to sell or rent your timeshare for an upfront cost is likely a scam. The only true way to legally & effectively get rid of your timeshare is through what is called Timeshare Liquidation.

Gather Documents

As you begin the process of exiting your timeshare, you’re going to need to gather all relevent documents. This includes items like your deed (for deeded property ownership), your owners binder, your contract with the developer, any and all correspondence with your resort, exchange company agreements, reciepts and any other document that may be relevant.

Exiting your timeshare is very much a legal process and you should approach it as such. Being prepared by having all documents readily available will make the process go more smoothly.

Total Up Expenses

Past expenses and, more importantly, future expenses. Memories are worth something in this world, so these expenses are not a bad thing. The question is: are you willing to continue with these expenses?  Remember, there are ways to continue making these memories at the same resorts for a fraction of the cost.

What was the original amount of your timeshare property?

How many years have you owned your timeshare? Multiply that by your current maintenance fee.

How many years do you plan to continue on owning your timeshare? Multiply that by your current maintenance fee…Remember that your maintenance fee today is likely more than when you first bought. It most likely will not be the same in 5 years. In 10 years.

How much were your yearly taxes on your property when you first bought? What are they today?

Take Action

It is now time to act. If you are adept at navigating legal situations, you should pursue getting yourself out of your timeshare. If you’re reading this, chances are you’re not a legal hobbyist or attorney. That’s where we come in.

We’ve built up a team of dozens of industry experts to help you navigate the process of legally & permanently liquidating your timeshare. We don’t sell them, we don’t buy them, we destroy them. We offer a 100% Money-Back Guarantee once we accept your case.

Here are a few ways to get started:

Listen in on our Free Daily Webinar. It is simple & informative. You’ll learn how our process works.

Request a Free Consultion with one of our experts. This is a simple conversation to get any questions answered.

If you would like to chat immediately, give us a call at (888) 528-6630 and we will gladly chat with you.

Whatever your choice, make the choice your own and take action. We wish you the best of luck in your efforts to get out of your timeshare!

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