At Timeshare.lawyer, we hear from many unhappy timeshare owners looking for a way out of their timeshare. A very common question is, should I, or can I sell my unwanted timeshare? Like everything else to do with timeshare, selling timeshare can be a complicated process.
The most important thing to take into consideration when selling timeshare is, it is highly unlikely that you will get back what you paid for it. Basically, this means you are likely to make a loss. Some people are so desperate to rid themselves of the burden of timeshare, they have even resorted to listing it on eBay in the hopes that someone will buy it at a discounted price. Some of the listings start as low as £1.
You will also need to look into how to actually sell your timeshare. There are different options that you can look into. You could decide to go it alone by advertising in magazines or newspapers. You may even know someone that would be interested in taking it off your hands, however, if this person is a friend, would you want them to be in the same situation that you are currently in?
Another way, although this may be frowned upon by the sales representatives, is to try offering it to people who are looking at buying at the resort. You may be in the position to offer it to them at a lower price. If they seem interested but have already signed a contract with the resort, remind them of the 14 day cooling off period.
Using a professional timeshare sales company can take the stress out of selling your timeshare. They will handle the advertising for you and deal with anyone that is interested, so you don’t have to. If using a professional sounds appealing to you, you have to do your research to find a reputable company. Just like there are many scams when purchasing timeshare, there are just as many when trying to sell. Any credible company will have to comply with the 2010 regulations, this means that they will not ask for any money upfront.
You need to bare in mind there are many people in this situation, so selling timeshare can be very difficult and sometimes take a long time. The bad press surrounding timeshare has prompted many people to rid themselves of timeshare, this bad press also has a knock on effect on people looking to buy timeshare. Less people are wanting to get involved in timeshare for fear of being ‘scammed’ or being stuck with something that is of no benefit to them after the first couple of years.
If, after reading this, you feel that selling may not be the right thing for you to do, you may be eligible to exit your timeshare. There are many reasons that have come to light that enable people to exit from their timeshare such as, the timeshare being mis-sold or the contract containing illegal clauses.
Call Timeshare.lawyer today on 0800 023 9032 and speak to one of our advisers about what would be the right process for you. You may find that you could even be entitled to receive some compensation.
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