How to Get Out of A Time Share Ownership
That time share ownership sounded like the perfect deal at first -- until you realized you were funneling thousands of dollars into a place you got to stay in only at limited times during the year, and now you're wondering how to get out. Time shares may seem like a way to save money on vacations but they are extremely difficult to get rid of once you want out. You may lose some money in the deal but there is a way to escape your time share.
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Instructions
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Accept the fact that you will lose money on the time share or you will balk at any offer. You will not be able to sell a time share at the price you bought it.
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Call the business that sold you the time share and ask what other similar units are going for on the market. Press them for that information as they may balk at giving it to you. Tell them you are trying to sell the time share and need the information. Call the company's executive director of sales if that doesn't work and tell the director you will sell it for a deep discount and double the commission.
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Try to sell the time share on an online marketplace, such as RedWeek or Tug2. Get people to bid on it rather than setting a high upfront price that will drive buyers away. Conduct some research by looking around at similar properties to see what they are typically selling for.
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Use a list service as a last resort, as the service will charge an upfront fee for something that you can generally do on your own, and they are rarely able to sell it at the value they promise. Make sure the broker is certified before entering into an agreement.
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