What to Do With a Timeshare You No Longer Want

The HiltonBuying a timeshare property may have seemed like a good idea when you signed the timeshare contract. But if you're taking yet another "staycation" this summer – and really haven't been able to travel as much as you'd like the rest of the year as well – you may have realized that you aren't truly benefiting from your timeshare purchase.

Some people buy timeshares as potential investments. But that's often an unwise move, since timeshares aren't investments in the traditional sense, and they don't offer the typical benefits that, say, stocks or bonds might, such as price appreciation or dividends.

Many timeshares also don't function as traditional real estate investments either, since most timeshare buyers only own a specific and limited portion of a property for a specific week or month during the year.

That's why most people enter into a timeshare agreement simply to enjoy the privilege of having a vacation home at their disposal. Owning a timeshare, however, comes with a lot of inherent financial risks and may not always be your best economic move – especially in a slow economy.

Fortunately, you do have some options if you've signed a timeshare agreement and want to get out of it.Here's what you can do to get rid of a timeshare you no longer want:

Review your agreement.

You need to determine whether you have a deeded timeshare or a leased timeshare property. A deeded timeshare bounds you to the contract as an exclusive owner, while the leased timeshare means you are only the owner for a set number of years. If you have a deeded timeshare, you have the option to sell it to someone else. If you have a leased timeshare, you may have to keep paying your annual fees until the lease expires.

Consider renting it out.

If you know you aren't going to be using your timeshare for a certain period of time, consider renting it out to somebody as a vacation rental for extended stays. In some cases, the rental fees you earn will be able to cover the annual maintenance fees you must pay on the timeshare. Just remember that, regardless of whether you use the timeshare or rent it to someone else, you'll still be responsible for maintenance costs and other fees as outlined in your initial timeshare agreement.

Check in with the company that manages the property.

Some timeshare companies offer services for those who are interested in selling their timeshare, and they may even help to match you up with an interested party. They may charge a fee for this service – which will come out of the final sale price – but this could be an easier way to get that timeshare sold.

With some timeshares, your annual fees may have escalated to the point where you're not getting much value each year from the timeshare, or you could simply pay to go to another resort and come out cheaper. If high annual fees are the issue, ask your timeshare property management company for permission to deed back your timeshare to the organization. With a "timeshare deedback," you basically agree to give your timeshare back to the resort.

Advertise your timeshare property for sale.

If you are under a deeded timeshare agreement and decide to sell the timeshare on your own, consider posting your property on reputable site like TUG, the Timeshare Users Group.

TUG offers a wealth of practical, consumer-friendly information for both existing timeshare owners and would-be timeshare buyers. Among the features at TUG are a "Timeshare Marketplace" that lets you sell or rent your timeshare free of charge; a wealth of advice articles about timeshare ownership; and an online forum where you can ask timeshare questions and get answers.

Best of all, TUG provides its members with a sales history database, so you can get the most recent, up-to-date information on timeshare sales and properly assess how much your timeshare is worth.

Aside from TUG, you can also place classified ads for your timeshare on sites like Craigslist and eBay.

Never pay an upfront fee.

Be careful about working with certain companies that offer to "help" you sell your timeshare.
Some of them make lots of upfront promises about getting you fast money for your timeshare, but they may charge high listing and sales fees and really not do much more than post Internet advertisements for your timeshare.

Even worse, many timeshare re-sellers will insist that you pay an upfront fee to unload your timeshare. They may call this a "marketing charge" or a "listing fee;" some may claim it's a required cost to do an "appraisal," a "title search" or something else altogether. Whatever the fee is labeled, don't fall for it.

You should never, ever pay an upfront charge to someone to sell your timeshare. It's just asking for financial trouble and the potential loss of your money. In fact, some places asking timeshare sellers to pay upfront fees are outright scams.

Still, because a timeshare-reselling agent acts as a third-party between timeshare owners and sellers, some people think that using a re-seller can speed up the sales process. Recognize that any re-seller will charge a fee for his or her services, and this is typically charged as a percentage of the sale.

Also realize that even if you sign over a power of attorney giving someone else the right to sell a timeshare on your behalf, you nonetheless remain the legal owner of the timeshare and are financially responsible for it until the timeshare actually sells.

Increase your money and finance knowledge from home

How to Avoid Financial Scams

Avoid getting duped by financial scams.

View Course »

Introduction to Retirement Funds

Target date funds help you maintain a long term portfolio.

View Course »

Add a Comment

*0 / 3000 Character Maximum

21 Comments

Filter by:
Marisa Saenz

My name is Marisa Saenz i want you all to join me to thank the great man that help me to restore my relationship with my husband who dump me for another Girl for 3 months because the Girl had money, at first i never believed Doctor Azul spell temple will be able to help me win Nelson back from this other Girl but because i still love him and i need him back in my life, i worked and follow his instruction and it surprise me that after working with him, Nelson called me and ask me to forgive and forget the past that he still love me and that was how my husband came back for good. So with this great work done for me by Doctor Azul spell temple of whom i promise to always share his good work to the whole wide world and if any body is out there passing through any relationship difficulties should kindly contact him via Email { Azulspelltemple@outlook.com }. Once again thank you Great Doctor Azul...

Sunday at 6:52 AM Report abuse rate up rate down Reply
Iyama Temple

AM clara from USA i want to appreciate Dr odudu for bringing back my lover back in just period of 24hours without delay. i taught my lover will not be back but after Dr odudu cast a spell of re-uniting on him in just 24hours my lover came back as am speaking now we are together in peace and harmony, living a peaceful lives and we are making arrangement of getting married ending of the month. i so much appreciate Dr odudu for wiping out tears in my eyes contact him if you want yours to be same via oduduspell@gmail.com or call +2348051913076. Dr odudu is a power man and i have never see such power that work urgently without delay contact him now via oduduspell@gmail.com or call +2348051913076.
CLARA FROM USA

December 11 2014 at 9:09 PM Report abuse rate up rate down Reply
Emilio Johnson

HELLO!!!!!
I am emilio johnson, When I eventually found testimonies about this spell caster Dr.ozalogbo, how he helped many people to get their lovers and broken homes back, i contacted him through his email address ozalogboshrine@gmail.com because I was absolutely desperate to get my wife back. Life without my wife was a real mess for me and my children. i wanted a dramatic change and I thought magic could be the solution. After discussing the resolution with Dr ozalogbo, he gave me hope that he will restore my marriage. I felt confident that he will actually make my wife to return home and he did! It’s fantastic what this great spell caster have done for me, his help is priceless! I don't know what I would have done without Dr.ozalogbo,he does his job so well he is organized and highly functional, i believe he is the best spell caster i can count on when it comes to all kinds of spell, I was floored that his spells worked, if you need help, contact him on ozalogboshrine@gmail.com or his website:drozalogboshrine.webs.com


HE FIX THE FOLLOWING PROBLEMS TO ALL
ACROSS THE GLOBE ON:
1. Getting your lover or husband back
2. Spiritual bulletproof
3. Training
4. Money spell
5. Long life spell
6. Prosperity spell
7. Protection spell
8. Get a job spell
9. Becoming a manager spell
10. Get a huge loan without paying any fee spell
11. Getting your scam money back
12. Child spell
13. Pregnancy spell
14. Freedom spell
15. Love spell
16, vanishing spell
17. Invisible human spell
18. Success or pass spell
19. Marriage spell
20. Avenging spell
21. Popularity spell
22. Killing spell
23. Cancer spell
24. Supernatural power spell
25. Madness spell
26. Free house loan spell
27. Production spell of films and movie
28. Hiv/aids spell
29. Tuberculosis spell
30. Loose weight and body spell

contact him of any of these today at:ozalogboshrine@gmail.com or website drozalogboshrine.webs.com HE GOT SOLUTION TO ALL PROBLEMS HERE

December 10 2014 at 9:56 PM Report abuse rate up rate down Reply
Stacey Xavi

Type your commTo you be all the praise DR EZIZA for the wonderful peace you have brought to my home. Words are not qualify enough to describe the kind of work you did for me in your temple, if not for your spell how would Caesar have come back home to handle his responsibilities as the man of the house. If you are wise and you need quick answer to your request email this powerful DR EZIZA on ezizaoguntemple@gmail.com or call his direct mobile number +2348058176289.
ent here

December 07 2014 at 6:27 PM Report abuse rate up rate down Reply
Mary Love

My Name is TRACY, I am From United Kingdom. I wish to
share my testimonies with the general public about
what this man called DR SAMBOLA has just done for me ,
this man has just brought back my lost Ex husband
to me with his great spell, I was married to this man
called Steven we were together for a long time and
we loved our self’s but when I was unable to give
him a child for 2 years he left me and told me he
can’t continue anymore then I was now looking for
ways to get him back until a friend of mine told me
about this man and gave his contact email greatsambolaspiritualtemple@gmail.com
then you wont believe
this, when I contacted this man on my problems he
prepared this spell cast and bring my lost husband
back, and after a month I miss my month and go for
a test and the result stated am pregnant am happy
today am a mother of a baby boy, thank you once
again DR SAMBOLA for what you have done for
me, if you are out there passing through any of this
problems listed below contact him today greatsambolaspiritualtemple@gmail.com
1) If you want your ex back.
(2) if you always have bad dreams.
(3) You want to be promoted in your office.
(4) You want women/men to run after you.
(5) If you want a child.
(6) You want to be rich.
(7) You want to tie your husband/wife to be
yours forever.
(8) If you need financial assistance.
(9) if you want HIV CURE.

November 30 2014 at 5:28 PM Report abuse rate up rate down Reply
ornaHarron12334

How I Got My Ex Husband Back...........
My name is Lorna Harron, and I base in USA...My life is back!!! After 2 years of Broken marriage, my husband left me with two kids . I felt like my life was about to end i almost committed suicide, i was emotionally down for a very long time. Thanks to a spell caster called Dr momodo, which i met online. On one faithful day, as I was browsing through the internet,I came across allot of testimonies about this particular spell caster. Some people testified that he brought their Ex lover back, some testified that he restores womb,cure cancer,and other sickness, some testified that he can cast a spell to stop divorce and so on. i also come across one particular testimony,it was about a woman called Sonia,she testified about how he brought back her Ex lover in less than 2 days, and at the end of her testimony she dropped Dr momodo's e-mail address. After reading all these,I decided to give it a try. I contacted him via email and explained my problem to him. In just 48hours, my husband came back to me. We solved our issues, and we are even happier than before Dr momodo, is really a gifted man and i will not stop publishing him because he is a wonderful man... If you have a problem and you are looking for a real and genuine spell caster to solve all your problems for you. Try High momodospelltemple@gmail.com anytime, he might be the answer to your problems. Here's his contact: momodospelltemple@gmail.com

November 27 2014 at 12:56 AM Report abuse rate up rate down Reply
ornaHarron12334

My name is Lorna Harron, and I base in USA...My life is back!!! After 2 years of Broken marriage, my husband left me with two kids . I felt like my life was about to end i almost committed suicide, i was emotionally down for a very long time. Thanks to a spell caster called Dr momodo, which i met online. On one faithful day, as I was browsing through the internet,I came across allot of testimonies about this particular spell caster. Some people testified that he brought their Ex lover back, some testified that he restores womb,cure cancer,and other sickness, some testified that he can cast a spell to stop divorce and so on. i also come across one particular testimony,it was about a woman called Sonia,she testified about how he brought back her Ex lover in less than 2 days, and at the end of her testimony she dropped Dr momodo's e-mail address. After reading all these,I decided to give it a try. I contacted him via email and explained my problem to him. In just 48hours, my husband came back to me. We solved our issues, and we are even happier than before Dr momodo, is really a gifted man and i will not stop publishing him because he is a wonderful man... If you have a problem and you are looking for a real and genuine spell caster to solve all your problems for you. Try High momodospelltemple@gmail.com anytime, he might be the answer to your problems. Here's his contact: momodospelltemple@gmail.com

November 27 2014 at 12:55 AM Report abuse rate up rate down Reply
Emilio Johnson

HELLO!!!!!
I am emilio johnson, When I eventually found testimonies about this spell caster Dr.ozalogbo, how he helped many people to get their lovers and broken homes back, i contacted him through his email address ozalogboshrine@gmail.com because I was absolutely desperate to get my wife back. Life without my wife was a real mess for me and my children. i wanted a dramatic change and I thought magic could be the solution. After discussing the resolution with Dr ozalogbo, he gave me hope that he will restore my marriage. I felt confident that he will actually make my wife to return home and he did! It’s fantastic what this great spell caster have done for me, his help is priceless! I don't know what I would have done without Dr.ozalogbo,he does his job so well he is organized and highly functional, i believe he is the best spell caster i can count on when it comes to all kinds of spell, I was floored that his spells worked, if you need help, contact him on ozalogboshrine@gmail.com or his website:drozalogboshrine.webs.com

HE FIX THE FOLLOWING PROBLEMS TO ALL ACROSS THE GLOBE ON:
1. Getting your lover or husband back
2. Spiritual bulletproof
3. Training
4. Money spell
5. Long life spell
6. Prosperity spell
7. Protection spell
8. Get a job spell
9. Becoming a manager spell
10. Get a huge loan without paying any fee spell
11. Getting your scam money back
12. Child spell
13. Pregnancy spell
14. Freedom spell
15. Love spell
16, vanishing spell
17. Invisible human spell
18. Success or pass spell
19. Marriage spell
20. Avenging spell
21. Popularity spell
22. Killing spell
23. Cancer spell
24. Supernatural power spell
25. Madness spell
26. Free house loan spell
27. Production spell of films and movie
28. Hiv/aids spell
29. Tuberculosis spell
30. Loose weight and body spell

contact me of any of these today at:ozalogboshrine@gmail.com or website drozalogboshrine.webs.com I GOT SOLUTION TO ALL PROBLEMS HERE

November 26 2014 at 1:15 AM Report abuse rate up rate down Reply
Mark Williams

HELLO!!!!!
I am mark williams, When I eventually found testimonies about this spell caster Dr.ozalogbo, how he helped many people to get their lovers and broken homes back, i contacted him through his email address ozalogboshrine@gmail.com because I was absolutely desperate to get my wife back. Life without my wife was a real mess for me and my children. i wanted a dramatic change and I thought magic could be the solution. After discussing the resolution with Dr ozalogbo, he gave me hope that he will restore my marriage. I felt confident that he will actually make my wife to return home and he did! It’s fantastic what this great spell caster have done for me, his help is priceless! I don't know what I would have done without Dr.ozalogbo,he does his job so well he is organized and highly functional, i believe he is the best spell caster i can count on when it comes to all kinds of spell, I was floored that his spells worked, if you need help, contact him on ozalogboshrine@gmail.com or his website:drozalogboshrine.webs.com


HE FIX THE FOLLOWING PROBLEMS TO ALL ACROSS THE GLOBE ON:
1. Getting your lover or husband back
2. Spiritual bulletproof
3. Training
4. Money spell
5. Long life spell
6. Prosperity spell
7. Protection spell
8. Get a job spell
9. Becoming a manager spell
10. Get a huge loan without paying any fee spell
11. Getting your scam money back
12. Child spell
13. Pregnancy spell
14. Freedom spell
15. Love spell
16, vanishing spell
17. Invisible human spell
18. Success or pass spell
19. Marriage spell
20. Avenging spell
21. Popularity spell
22. Killing spell
23. Cancer spell
24. Supernatural power spell
25. Madness spell
26. Free house loan spell
27. Production spell of films and movie
28. Hiv/aids spell
29. Tuberculosis spell
30. Loose weight and body spell

contact me of any of these today at:ozalogboshrine@gmail.com or website drozalogboshrine.webs.com I GOT SOLUTION TO ALL PROBLEMS HERE

November 18 2014 at 3:08 AM Report abuse rate up rate down Reply
Paul Gregg

Hello my name is Paul From England i have to thank the great Dr Fred for the help he did for me i was marry to my wife but she was not respect to me and we were having two child she was going to see another man i was tell her to stop this act she now told me that she going to marry this name john i was asking why did she want to live me and the two children she now said yes i was now asking her to stay she now said no that she love this man every much that she can do any thing for this man i now told her that i love her so much that i can kill my self for her she told me that she is no longer in love with me i now told my children to ask her to stay but she said no to me i now let her to go the next week they now sack me form job i was tired of life so one day i saw a woman name Cassandra thank this great man on the television that this man help her to bring back her love so i was surprise that a great man like this still exist in this world so i was reading so many testimony about this man i now read a woman testimony how she got her husband so i now contacted this man i now told him every thing he told me that he is going to help me so the next day i was list to the television when i had a knock on my door i saw a man give me and appointment letter that i should come to work and the most surprise thing was that they pay for the mouth i stay in my house on that every day i saw my wife coming to my house crying and tell me that i should forgive her i now forgive her now we are live happily my children are happy now so i want to thank him for the help so if you want to contact him email him on this email address tradionalspelltemple@yahoo.com

November 17 2014 at 3:32 AM Report abuse rate up rate down Reply