Timeshares seem amazing at first glance. Add in the sometimes pushy sales tactics used by timeshare sellers and you have a recipe for disaster. Many people realize when it’s too late that so many timeshares simply aren’t what they’re cracked up to be. They then wonder how to get rid of timeshare legally. Is this even a realistic possibility? Of course it is.
It is important to get rid of your timeshare as quickly as possible if you’ve discovered that it wasn’t as great as you thought. Otherwise, you may find yourself stuck with it for the long haul. There are a few options available to help you get rid of the timeshare. The following options are among them.
· Donate the timeshare to a charitable organization that you choose. Many different types of charities and organizations will accept the timeshare donation. Check your local area to find one that you support. This can help you get out of the timeshare and get a tax write-off in the process.
· Sell the timeshare to another person. If you know someone who frequently travels and enjoys timeshares, this may be perfect to suit their needs.
· Advertise the sale of the timeshare online. Someone may be out there who is interested in what you have to offer.
· A contract buyout is another option. The timeshare company still profits after you realize what has happened when you use this option, since there is a large fee to buyout the timeshare. Nonetheless, it is an option.
It is best to avoid a timeshare altogether but if it’s past that point, don’t assume that all hope is lost. Use the information above to ensure that you can legally get rid of your timeshare without any expensive consequences at the end of the day.