At Timeshare.lawyer, we hear from many unhappy timeshare owners looking for a way out of their timeshare. A very common question is, should I, or can I sell my unwanted timeshare? Like everything else to do with timeshare, selling timeshare can be a complicated process.
The most important thing to take into consideration when selling timeshare is, it is highly unlikely that you will get back what you paid for it. Basically, this means you are likely to make a loss. Some people are so desperate to rid themselves of the burden of timeshare, they have even resorted to listing it on eBay in the hopes that someone will buy it at a discounted price. Some of the listings start as low as £1.
You will also need to look into how to actually sell your timeshare. There are different options that you can look into. You could decide to go it alone by advertising in magazines or newspapers. You may even know someone that would be interested in taking it off your hands, however, if this person is a friend, would you want them to be in the same situation that you are currently in?
Using a professional timeshare sales company can take the stress out of selling your timeshare. They will handle the advertising for you and deal with anyone that is interested, so you don’t have to. If using a professional sounds appealing to you, you have to do your research to find a reputable company. There are many scams when purchasing timeshare. Any credible company will have to comply with the 2010 regulations, this means that they will not ask for any money upfront.
You need to bare in mind there are many people in this situation, so selling timeshare can be very difficult and sometimes take a long time. The bad press surrounding timeshare has prompted many people to rid themselves of timeshare, this bad press also has a knock on effect on people looking to buy timeshare. Less people are wanting to get involved in timeshare for fear of being ‘scammed’ or being stuck with something that is of no benefit to them after the first couple of years.
If, after reading this, you feel that selling may not be the right thing for you to do, you may be eligible to exit your timeshare.
There are many reasons that have come to light that enable people to exit from their timeshare such as, the timeshare being mis-sold or the contract containing illegal clauses. If you would like to learn more about your options then get in touch with us.
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