If you are a Grandview Las Vegas timeshare owner looking to rid yourself of a no longer wanted timeshare, read on for the various methods available to you.
Timeshare Resale Market
It is not uncommon for timeshare owners to believe that owning a timeshare is like owning real estate, where value increases over time. However, the unfortunate, and perhaps disheartening, truth is that most timeshares actually lose 50% or more of their value as soon as they are purchased from a resort developer directly.
In some cases, a timeshare cannot even be given away for free. This is why most charities will not accept a timeshare as a donation. If you search “timeshare” on Ebay or Craigslist, there is a good chance you will see several for sale for $1 with no bids.
If you’d like to try and sell your Grandview timeshare on the resale market, beware of companies that want to charge an up-front fee to “advertise” the timeshare for sale on their website. You will likely pay the up-font fee and the timeshare will likely not sell. Ebay and Craigslist are two good, low cost options available for those looking to sell with minimal fees. However, it’s worth noting that timeshares are notoriously difficult to sell on the timeshare resale market
Timeshare Exit Companies
Resort Developers are usually not willing to assist timeshare owners with breaking their contracts because they want to keep collecting maintenance fees, but some have begun accepting timeshares back from those looking to get out of the timeshare. Contacting your timeshare company first is always the best first step for you to take when you’d like to cancel your timeshare.
For these reasons, timeshare exit companies exist to help timeshare owners get rid of their unwanted timeshare, often by working with legal professionals. It is important to thoroughly research a timeshare exit company before employing use of its services, as cases of scams are common in the industry.
There have been numerous cases of timeshare exit companies collecting payment from a client and either going out of business or never actually cancelling the timeshare, but still retaining the customer’s money. Because of this, we like to recommend timeshare exit companies that offer an escrow payment option.
When you pay with escrow, fees are paid first to a third-party holding account and are only released to the company once the timeshare exit service has been completed. This is one of the best ways to protect yourself from scams. Learn more about escrow and why you should care here.
Here on our website we review timeshare exit companies and provide timeshare owners with advice on getting out of their unwanted timeshares. For a free consultation, please fill out our contact form on the right side of the page or engage in our live chat.