So, you had a conversation with your partner about going out more and traveling and seeing the many things that this world has to offer. The problem is, you do not have the funds that you would like to go on the vacation of your dreams. Then one day, a friend introduced you to the beautiful idea of owning a timeshare. So, you try it, and it turns out that after a year or so, your living situation changes and now you have a timeshare that you cannot even use the way you like. It costs you money, and now you are looking for any help to know yourTimeshare exit options in order to move on with your life. You have invested quite a bit into the home, and now it is time to leave this deal without losing your shirt. Here are a few options you should consider when exiting the investment.
The main goal of selling the timeshare is to get the most for your investment. In a perfect world, the value of the property increased so much that, no matter what strategy you take, you earn a bunch of money for the home, but since this is rare, we should discuss the best options for regular situations.
The first step would be to determine the value of the property now and compare it to what it was when you first purchased the property. This will give you a gauge at what you would be able to get and how it will affect your marketing budget. Ideally, you would like to earn money from the sale but worst-case scenario, you would like to cut your losses to as little as possible.
A good strategy would be to utilize any and all free online services like craigslist or eBay to posting pictures of the property to see if you can get the very best offer. There are other sources you can use to promote that are paid sources like the newspaper or other paid sites. Lastly, a great option is to contact a timeshare resell company that would be interested in purchasing the timeshare from you. This option will require you to do your research and find out whether the company is credible or not. The company should be licensed, and they should have a high ranking with the BBB or the Better Business Bureau. Please be sure that there are no complaints against the company because this is a huge red flag and can be a look into the future of what you would expect to encounter if you do business with them as well. Ask for references and any other information to make the best determination on the best method of reselling the property.