|Desperate to Rid
yourself of your timeshare?
This page is a list of last resort options for you to use in an attempt to rid yourself of your timeshare WITHOUT being ripped off by upfront fee companies, or numerous other organizations that want to charge you countless hundreds of dollars to only turn around and utilized these options themselves on your behalf! Don't get taken! Before you spend money to rid yourself of your timeshare, make sure you have tried each of these options first!
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When You No Longer Want To Own your Timeshare at any cost!
Author: Mark Perry - Lifetime TUG Member
It's unfortunate when a timeshare investment is no longer viable. If you find that you can't sell your timeshare, here are a few things you might consider. Please note that these are last resort options to try before wasting even more money having someone try these options for you! Each of these options you can do yourself for little or no cost at all!
Give It Back - Timeshare Deedback
This is whats called a Timeshare Deedback to the resort. While it is a long shot, it only takes a phone call or two to ask, and even if the resort refuses, you are in no worse situation than you are now so why not try! In order for this to be successful, the timeshare MUST be paid in full and have no back taxes/fees/etc owed to the resort. It is simply a matter of calling the resort and speaking to the appropriate person and ask if the resort is willing to take the week(s) back. It is not uncommon for the resort to charge a transfer fee for this, but please note that you should ONLY pay this to the RESORT itself. Also note that the resort does not have to accept the deedback, as more and more owners try this method, there are only so many weeks the resort can simply "take back" and still maintain the level of funds it needs to operate (Maint. fees).
The success or failure of a Deedback is entirely dependent on your ability to actually contact the person at the resort who makes the final decision! This is almost always NOT the person answering the phone at the resort! Letters to your HOA/BOD are highly suggested, stamps are still under .50 cents these days!
This article describes Deedbacks in much more detail: Timeshare Deedback Information
List it for a Single Dollar - Give it away!
TUG firmly believes that a huge % of Timeshares go unsold simply because they are listed at unreasonable asking prices! If you are just looking to get out of your Timeshare, why have you not attempted to give it away to a willing owner? This article was specifically written just to address the folks that claim to be desperate to sell, but still post their Timeshares for sale at a ridiculous price!
There are a variety of FREE options for you to give your Timeshare away to another party:
Each of these 3 options costs you absolutely NOTHING to list your timeshare for sale at a price of $1 in an attempt to give it away to a willing owner! If you are trying to get rid of your timeshare and have not listed it in all 3 of these places, you should do so asap!
More than a few have been successful selling their unwanted timeshare at person-to-person online auctions such as eBay
Donate It To Charity
Donating your timeshare involves you picking a charity willing to take your timeshare and sell it for you, thus using the proceeds from the sale as the donation itself. Charities cannot actually use your timeshare, nor do they want the burden of OWNING a timeshare so the most utilized option is to simply sell it for you in the hopes of finding a buyer (basically, doing all the things we just talked about above for you, for a huge fee)
This of course means your timeshare actually has to be able to be sold for at least some money in order to even be considered for donation. IE if you can only get a dollar for it on ebay, a charity will have no use for your timeshare and it wont be available for donation. Your timeshare must have some value and be able to be sold in order for you to donate it to charity! Sadly if this is the case, you likely aren't reading this article in the first place! Please see this article for specific information on Timeshare Donation!
Here are some additional TUG advice pages about donating your timeshare for tax purposes:
Timeshare Donation Discussion (tugbbs online forums topic about donating your timeshare...must read!)
Taxes and Timeshares article (Written by DaveM....Tugs resident tax expert and online forums administrator!)
and post Free Timeshare Classified ads (for individuals) in the