georgenelson1

Does anyone know what is the best way to get rid of a timeshare?

suze

Did you just buy it recently? Or something you've had a long time?

georgenelson1

i've purchased it this year, on february

suze

I was hoping it was very recent because you might have a better chance to dispute it (like if it was on a charge card or you'd just done it yesterday).

It depends the kind of contract you signed, but unfortunately they are notorious hard to get out of. I am sorry for your situation.

jamie99

I finally got rid of one two years ago, managed to sell it back to Marriott, beware there are a lot of ripoff outfits out there, one even wanted me to pay them to transfer the title. Good luck to you.

Stewbear

Best way unfortunately is to die. Literally 10's of thousands on resell sites

janisj

It entirely depends on where and which property. The VAST majority have essentially no re-sale value. It gets even more difficult if you have a mortgage or still owe money on it. If you own it free and clear you can sell it - but almost certainly for a loss. Most properties have a list or website where members/owners buy/sell/exchange weeks. The biggest problem is you will be in competition w/ the resort itself -- selling units/weeks they have repossessed due to non-payment of the annual assessments. They will sell them very cheap just to get new blood who will pay the assessments.

However -- there are <i>some</i> (very few) premier properties that are sought after.

lincasanova

you can donate it

janisj

>>you can donate it<<

Maybe . . . but if it is encumbered or has a mortgage it wouldn't be of use to a charity either . . .

Pegontheroad

Good luck.