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Some timeshare owners, after patronizing their timeshares for a couple of times, quickly lose interest in their vacation packages and immediately decide to get rid of their timeshare properties. There may be several reasons to fuel their disinterest, yet foremost among these is the unavoidable presence of expensive maintenance fees. Also, the more impulsive and adventurous owners usually tire of the same old vacation spot year in and year out. Options to Get Rid of Timeshare Owners who have decided to free themselves of their vacation package have several options to choose from in order to get rid of their timeshare. Owners may sell it back to the resort or to the public. The owner can also opt to rent it out for a fraction of its original price or the maintenance fee. Donating it to a charity or giving it to a friend or a relative can also be an option. Others go to title transfer companies to provide timeshare relief immediately for a minimal upfront fee. Whatever means they may take, the important thing is that they get rid of it immediately to free themselves of the financial liabilities associated with the vacation package. Selling a Timeshare Getting rid of the vacation package by selling it can be done either through the original timeshare company or through public selling. Timeshares can be proffered to the original owner of the timeshare since some are still open to repurchase the vacation package. If it does not accept a resold timeshare, the current owner may avail the services of a real estate broker specializing in timeshare resale to help sell the vacation package. If the owner prefers to sell the package himself, he can do so by posting the details on local classified ads or through an auction website such as eBay for a wider reach. Renting Out a Timeshare Some owners resort to renting their timeshares out temporarily until a suitable buyer can be located. Doing so can offset maintenance fees and other bills for that year, retaining ownership as they may opt to use the package in the future. Donating a Timeshare An owner can resort to donating the property just to be rid of it. The beneficiary may be family and friends or some charitable institution. The owner who would like to donate the property should be aware that in donating a timeshare, the liability for maintenance fees and other bills are also passed to the done. The donor should keep this in mind to consider whether the done is capable of sustaining the recurring fees associated with the ownership.
Transferring a Timeshare Lastly, the owner can secure the services of a timeshare transfer company in order to be free from the contract. Companies such as Timeshare Relief Inc. offer to transfer the ownership from the original owner to a private corporation freeing the owner from further liability for his timeshare.
I am a timeshare relief consultant and an advocate to help people get rid of their timeshares. Find more information on how to have timeshare relief.
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