How To Safely Get Rid Of An Unwanted Time Share

Time share salesmen can be incredibly persuasive. They will show you on paper how you will save big bucks on your vacations by staying in their lovely condos for next to nothing.

But what do you do when you discover that after a couple of years you no longer want to go to the same place that you paid $10,000 to $30,000 for? Or when you found that your annual maintenance dues jump from $200 to $800? Or when the management company changes and the complex goes into ruin?

If you purchased a deeded time share my friend, you are stuck with it unless you can unloaded it. And selling it – unless its a prime Hawaii or Disneyworld location is not easy. First you have to find a willing buyer and then you have to pay an attorney $500 to transfer the deed.

There are companies that offer to sell your time share – NEVER get involved with one that asks for money up front. It just means you will be taken again.

Try to sell it on your own. Craigslist and eBay is are two possibilities. I sold a time share in Rhode Island that I never used. It was a $1,000 lesson.

The New York Times suggests that you “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.”