Owning a timeshare can be a dream. Trying to get rid of one—a nightmare. Owners find it hard to believe 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 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 title.
Still, what are the costs to get rid of a timeshare?
After looking at the list, and realizing how much work and money it would cost them to try to sell their own timeshare, the Anderson’s decided to have us handle their transfer, hassle free.
Of course, not everyone makes that decision. Take Harry Bankerman, a business consultant from Alabama. Empowered by the step-by-step do-it-yourself guide, Harry wanted to sell the property himself. Unfortunately, rather than making, or even saving, money, actually he lost more—much more.
For three years, he paid a listing company and got no results, except constant calls from scammers posing as interested buyers. In fact, Harry actually got scammed twice, despite our warnings, which cost him thousands of dollars. And, during the entire time his timeshare was listed, he had to continue paying those annual maintenance fees without using his property.
Harry’s story is no exception, but rather, the brutal reality. News stations and consumer reporters constantly warn timeshare owners of the dangers of the resale market. Check out this especially heartbreaking story, which happened earlier this year and aired on the CBS station in Idaho: click here to watch.
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, including Harry, is “I wish I had done this sooner.”
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.
If you have any questions about how to get rid of your timeshare, call us anytime at 1-800-865-9565 for free, expert advice.