Disclosure: We receive compensation if you choose to speak to one of the trusted timeshare exit companies mentioned here. The following information is for educational purposes and is not to be considered professional or legal advice.
Are you looking to get rid of your timeshare? You’ve come to the right place. We provide educational content for you to learn about the various options you have to get rid of your timeshare. When it comes to getting rid of your timeshare, you have about 4 options:
- Sell your timeshare
- Give your timeshare back to your resort
- Give your timeshare to a friend or family member
- Hire an attorney and / or timeshare cancellation company
Sell Your Timeshare
Selling a timeshare can be extremely difficult because the secondary resale market for timeshares is almost non-existent. Many timeshares for sale for $1 don’t even sell. Do a search on eBay for “timeshare” and you’ll likly find several timeshares being advertised for sale for $1 with 0 bids. The moment you buy a timeshare from a resort developer directly, its value almost always decreases significantly. Kind of like when you buy a new car. That’s why there are so many timeshares for sale all over the Internet for as low as $1. Owners can’t even give them away.
Give Your Timeshare Back To Your Resort
Some timeshare resort developers allow you to give the timeshare back to them. Sometimes they will take it back for free and other times they’ll make you pay a fee. This option is usually only available to owners who are current on maintenance fees and do not owe on a loan.
Give Your Timeshare To A Friend or Family Member
If you have a friend or family member, you may be able to give the timeshare to them. This friend or family member likely won’t be happy with you after they realize all the added fees that come along with being a timeshare owner, so choose your victim wisely.
Hire an Attorney and / or Timeshare Cancellation Company
Timeshare cancellation companies exist for timeshare owners that have tried all other options to get rid of their timeshare. These companies advise you of the various exit strategies that exist for getting rid of a timeshare. Some of these companies are outright scams, which is why our website exists. We review the timeshare cancellation companies and help you find one that is legitimate.
What Is TimeshareCancellationReview.com?
We are a review website. We review timeshare cancellation companies and help owners avoid scams. One of the best ways to avoid scams is to use an escrow payment option when cancelling your timeshare.
What Is Escrow?
Escrow is basically a middle man that securely holds your payment in a safe third party account while your timeshare is being cancelled by the timeshare cancellation company. You pay the escrow account up-front, but the timeshare cancellation company does not get paid in full from the escrow account until AFTER your timeshare has been cancelled.
Why Is Escrow Important?
We never recommend paying any timeshare cancellation company up-front to cancel your timeshare. We only recommend paying an escrow account up-front so you stay in control. If the timeshare exit company fails to cancel your timeshare or goes out of business, you get your money back directly from the escrow company. This gives you piece of mind.
Anyone can say “We have a 100% money-back guarantee”, but that means absolutely nothing. The company could simply not return your money and you’d be stuck working with the BBB trying to get a refund that may or may not ever happen. Always use escrow!