How Much Does It Cost to Get Out of a Timeshare?
Owning a timeshare can be a dream. Trying to get rid of one—a nightmare. Owners find it hard to believe the timeshare costs involved with the ownership and that the timeshare they paid so much for when it was new is now worth so little on the resale market—often just pennies on the dollar, if that.
Even more shocking? The dream of vacation ownership becomes a further financial burden when faced with the reality of selling or canceling it. The cost to get out of a timeshare can be unexpectedly high, with fees for transfer services, legal assistance, or even penalties imposed by the resort.
The only sure-fire way to get rid of your timeshare—and put an end to those life-long annual maintenance fees, is to pay a company like Timeshare Specialists to transfer the title.
Timeshare Exit Cost
This question of timeshare exit cost is one that Barbara and Roy Anderson asked. They asked us what the average cost to get out of a timeshare was and for the best way to get rid of a timeshare. Their journey reflects the common predicament timeshare owners face when seeking an exit strategy.
The Andersons live in New Hampshire and own a timeshare in Orlando. Barbara and Roy originally bought their vacation property so that their young kids could enjoy Disneyland while they were growing up. With a kitchen and extra bedroom, the timeshare acted like a second home, right next to their fantasy getaway. But now their kids are in high school and not so interested in Mickey Mouse. Furthermore, Barbara and Roy want to explore new places, like the Caribbean.
To help Barbara and Roy understand the intricacies of timeshare divestment costs, we gave them a step-by-step guide to everything you need to know to sell a timeshare yourself. It’s the exact process we use here at Timeshare Specialists. Find even more timeshare selling tips here.
The Cost of Waiting
After looking at the list and understanding resale challenges and realizing how much work and money it would cost them to try to sell their own timeshare, the Andersons decided to have us handle their transfer hassle free. While it may seem self-serving for us to say it, the sad truth is that the timeshare resale market is so corrupt and ruthless that very few owners survive it, much less benefit from it.
It’s a proven fact that the longer people wait to get rid of their timeshare, the more it will typically cost them.
That’s also why the remark we hear most often from our customers is “I wish I had done this sooner.”
Timeshare Expert Advice
Those wanting to get rid of their timeshare pay a higher and higher cost each year they choose to keep a timeshare they aren’t using, don’t want, or no longer need.
Top Tip: The longer you wait to divest, the more it will cost to get out of a timeshare. Annual fees, special assessments, and taxes will add up quickly.
If you have any questions about timeshare exit costs or about how to get rid of your timeshare, call us anytime at 1-800-965-6565 for free expert advice.
FAQs:
The cost to exit a timeshare varies depending on the exit strategy you choose. Transfer services, legal assistance, and resort-imposed fees can all contribute to the final price. Professional services like Timeshare Specialists ensure a smooth, secure process and can help you avoid costly pitfalls.
Waiting to divest from your timeshare can lead to rising costs due to annual maintenance fees, special assessments, and property taxes. Acting sooner helps reduce these ongoing financial obligations.
Yes, but selling a timeshare independently involves navigating the complex resale market, managing legal paperwork, and avoiding scams. Many owners find it more effective to work with professionals.
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Resort Closings, Inc is a licensed and bonded escrow company specializing in the legal transfer of timeshares, if you need to transfer your ownership to a new owner, they can help!
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