I have really had enough with my timeshare company. When I signed up with my timeshare company they explained it would be an investment and worth a lot of money in the future. Here we are in 2021 and my timeshare seems more worthless. I have asked my resort if they will take it back but they wont, so I’m stuck with a now unwanted timeshare and paying for something I don’t want anymore. Is there anything I can do?
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Dear Sarah,
Getting a timeshare can be very easy, getting rid of it not so much. Many tourists buy a timeshare with the intention of traveling around the world, others intend to buy the property as a financial investment, which is actually a very bad move, since you are not actually buying a property, but you are only paying by fractional right or points of use a property, while some were practically forced to buy. Regardless of the reason, the truth is that many timeshare owners regret their purchase.
Unfortunately, this process can be very frustrating, to the point where many people are willing to sell their timeshare for just a few pounds, or even give it away.
Actually, one of the biggest complaints about timeshare is that the units are very difficult to sell, if not nearly impossible, regardless of what some people may say or have you believe. The main reason is because the supply far exceeds the demand. Statistically speaking, there are close to 500 timeshare owners who want to sell their properties for every prospective buyer.
Also, you should not have high expectations regarding expected earnings. A timeshare loses more than 50% of its original purchase price at the time the timeshare contract is signed.
So if you are one of those unfortunate people wondering, how can I sell my timeshare? We want to convey that the most effective way to get rid of your timeshare is by canceling the contract. Canceling a timeshare has many advantages, but the best thing is that once you cancel your contract, you will have no more financial responsibilities associated with the resort.
At Timeshare.lawyer we have the necessary and legal knowledge to cancel a timeshare contract, so if you want more information, do not hesitate to contact us.