Though many people perceive buying timeshare exit to be a good way to save money on vacationing, in actuality, it is the other way around. A value of timeshare can be very deceiving and the reason why is highly understandable. At first, it gives you a promise of a good and stress-free day and then, later on, it turns out to be a monster that will haunt you every night with thoughts about maintenance fees.
The moment you realize timeshares really are burning a hole through your pocket you will start thinking of ways of getting rid of it, but which method works? How do you actually get rid of your timeshare? Well, there are several options you could try. First, you could try selling your timeshare which is probably the best, but most difficult option. Secondly, you could donate your timeshare unit which is an option more so for people who are having difficulties finding a buyer. The third and last option would be to try and return your timeshare unit to its developers.
You can just choose which among these options you would like to do, but be aware that each of them has its own consequences. For example, attempting to donate a timeshare, in essence, giving the thing away, can still be difficult because there are very few charities out there accepting timeshares. You must remember that you are letting go of your timeshare because it is more like a liability than an asset to you. Others are bound to feel the same way.
Returning a timeshare to the developers often-times cannot be done because the developers do not want to lose the contractually-obligated payments in the form of maintenance fees that you pay every year, even if you tell them that you cannot afford the maintenance fees anymore. Yes, you may resort to a last resort and refuse to pay your bills, which will, in reality, end up costing you more than your maintenance fees because doing so is a breach of your contract, and you will get sent to collections.
However, you can still try to sell your timeshare, but be warned that this is a rather difficult feat to accomplish. Considering all the options, selling your timeshare is most likely the most difficult way out of your timeshare.
