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It’s a classic situation: You are on vacation, walking on the beach, when suddenly you get approached by an enthusiastic salesman.
He offers you a free breakfast, discount coupons and a city tour, all you have to do is attend a 90-minute timeshare sales presentation. You immediately accept the offer; after all, what could be wrong with that?
Timeshares are clearly not for most people, however, they are constantly offered to anyone who is on vacation.
Although there are lots of people who agree to go to the presentation just to get the freebies, unfortunately, many of them end up falling for the trap. Read this article to learn more about how to give away a timeshare.
Timeshare Owners Who Regret Their Purchases Are on The Rise
Even though there are lots of timeshare owners who feel happy about their purchases, there are millions of others who regret having bought theirs and would love to know how to give away a timeshare.
The reasons to get rid of a timeshare are many. Several people feel they were scammed by the promises made by the timeshare salespeople.
They were told their purchase would become an “investment”, or that they could rent it easily, which is very unlikely.
Nevertheless, not all timeshare purchasers feel they were scammed during the presentation.
Some others want to get rid of their timeshares because they are not able to afford them anymore, especially in this struggling economy.
Others realize that they will not be able to use it any longer, and others just get bored with vacationing at the same place every year.
Whatever the reason, they all want the same thing: to get out of a timeshare contract.
How to Give Away a Timeshare
A timeshare might be difficult to get rid of, but it is not impossible. These are 4 of the most common solutions on how for giving away a timeshare:
Sell your timeshare: This would be the easiest solution to get out of a timeshare legally, if only the resale market wasn’t so poor.
Timeshares are extremely difficult to sell, in fact, they are almost impossible to sell. There are over 600 timeshare units on the resale market for every prospective buyer.
Donate
Donate your timeshare: A Timeshare donation to charity has a few advantages. Once you donate your timeshare, it won’t be your problem anymore, and you might get a small tax deduction for the charitable contribution.
Unfortunately, most charity organizations refuse to accept timeshare since they are not willing to clear off the outstanding debt, and even if the timeshare is paid in full, they wouldn’t be happy to pay the annual timeshare fees.
Give away
Give it to someone else: This should be considered a last-resort option. Find someone who is willing to take your timeshare off your hands and assume the financial obligations that come with it.
Cancel
Cancel a timeshare: This is the best solution to get rid of a timeshare efficiently. When a timeshare is properly cancelled, the financial obligations attached to the resort will be gone: no more threatening calls, no more debt, and no more maintenance fees.
It is important, however, to cancel your timeshare agreement with the right professionals in order to avoid being scammed.
Beware of con artists: Never pay an upfront fee in an effort to get rid of your timeshare.
Do Not Let This Happen to You
If you are stuck with a timeshare you no longer want, do not feel embarrassed about it, you are not the only one. At Mexican Timeshare Solutions, we specialize in cancelling timeshare contracts.
As specialists in the timeshare industry, we are committed to offering timeshare help in a fast, friendly and experienced service to clients.
Our associates have several years of experience in the timeshare industry and are successfully able to resolve timeshare scam cases in an ethical and professional manner.
Contact us today for a free consultation and get some final relief from your timeshare!
To receive more information about how to give away a timeshare and how to cancel your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
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I send email to PB to return the timeshare that we have since 2007, and this year 2013 I have to paid 814.00 MF, we want to get out of this because we can not affort to paid, they said they will cancel the contract but is a 500.00 cancelation feed, is this sound ok, or is another scam? does anybody done this before? please help! Thanks
We have a timeshare unit in Arizona that we have found not useful and with the yearly maintenance fee, a money drain. In this economy timeshares are not selling and listing companies are really a bad way to go. We have tried to rent the unit out without success. Furthermore, the timeshare contract (as with most) includes provisions that make the contract valid even if the owners declared bankruptcy and is automatically passed on to our kids if we die. Would giving the timeshare ownership as a gift to an LLC protect our kids from the timeshare. Is there any other way to dispose it? It is interesting that you can foreclose on a home or have a vehicle reposed, but a time share is more difficult to get rid of.
We have a timeshare unit in Arizona that we have found not useful and with the yearly maintenance fee, a money drain. In this economy timeshares are not selling and listing companies are really a bad way to go. We have tried to rent the unit out without success. Furthermore, the timeshare contract (as with most) includes provisions that make the contract valid even if the owners declared bankruptcy and is automatically passed on to our kids if we die. Would giving the timeshare ownership as a gift to an LLC protect our kids from the timeshare. Is there any other way to dispose it? It is interesting that you can foreclose on a home or have a vehicle reposed, but a time share is more difficult to get rid of.
Timeshare is a mess! so frustrating when they wont let you to cancel it after 10 days, what they expect while on vacation? some rich people are just greedy, cant believe some big resorts they ripped people off, getting consumers to pay their big resorts
the best option for many at first sight would give the timeshare to another person, but the reality is that not many people want to pay a timeshare and that makes everything difficult, so in my opinion it would be best to cancel.
Timeshares are definitely a martyrdom that you avoid on holiday and therefore we already know the characteristics of this product, sales techniques are much more aggressive. It is best igorarlos completely and continue with the holiday.
My wife and I returned our timeshare to the company that we purchased it from. We owned (and paid it off early), but used it for 13-14 years. The cost of the 2 weeks we had became too much (just over $1,000 annually).
To us, that was the straw that broke the camels back.
We contacted the company that we purchased it from (and it was deeded to us and could be passed down if we wanted to). We paid them $55-$60 for the recording fees to transfer the deed over to them, and are now free and clear of it. They did have a limitation that there was no longer a lien on our time portion of the property.
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