It is easy to get sucked into the allure of paradise during a timeshare presentation. Aside from the delicious meal and drinks, the concert tickets, prizes and other free gifts offered to you during a timeshare presentation, you are also subjected to a smooth-talking salesman whose job is to encourage you to purchase a vacation rental. He or she will draw you in by highlighting hard-to-resist features and benefits of vacation ownership while taking you on a tour of the lavish location.
Once you have signed the contract, however, you may find that you are not utilizing the rental enough to offset the cost or the timeshare just is not all it is cracked up to be. It is far easier to legally get out of a timeshare contract when you hire a professional team to help assist you through the process than when you attempt to go through the process alone. Go Away Timeshare is an example of a company that works with major resorts to legally dissolve vacation rental contracts.
You can also attempt to sell your timeshare to an interested buyer. You should expect to take a considerable loss on your initial investment, in most cases, when you opt to sell your timeshare. A more favorable option is to rent out your timeshare to friends or family who may be interested. There are a plethora of online boards and sites that will let you advertise your timeshare for rent. You can set your own prices, upload pictures and disclose special instructions and details pertinent to the rental itself and the management of the property or resort. If your timeshare is in a desirable location and climate, it is possible to maintain a steady stream of renters that offset your timeshare costs.
A small percentage of resorts let you sell your timeshare back to them, but it will be at a significantly reduced cost. Whether you choose the do-it-yourself approach to selling your unwanted timeshare or hire a team of professionals to handle the finite details and legal matters, it is possible to become financially and legally unburdened.