If you’ve invested in the timeshare property market a few years ago, the time may have come where you have regretted getting involved with one in the first place. The economy was strong back then, but nowadays it’s a very different story. Things have dramatically deviated from the standard, and people’s pockets are starting to feel the pinch.
You want out, but you don’t know where to start. Here are a few tips to help you see through the fog:
1. Sell it.
This can be difficult to do at the best of times, and more so today. When you first bought it, the clever sales person reassured you that it would be easy to resell on! Definitely bad advice. This misinformation has cost buyers a lot of money.
2. Rent it out.
This can be used to cover all the expenses involved in your contract. Again, this may not be as easy as it sounds, as finding someone who wants to rent it will be tricky.
3. Donate it.
An easy solution to your problem, but a lot of charities know the story when it comes to owning a timeshare, as well as all the costs and fees involved. They more than likely won’t accept it unless they can prove that they will make some money from it.
4. Pay someone else to take it off you.
These “timeshare relief” companies are frequently used by owners to help them take care of all the duties and fees associated with their timeshare. They offer an exit strategy that gets you out of the contract once and for all.
5. Advertise it.
Use the proper advertising sites to list your property and hope that it sells. This can be extremely difficult for people who don’t fully know what they’re doing. Right Choice Transfer can provide adequate services to these kind of people by helping them get their property sold as quickly as possible along with a value that doesn’t stiff the seller.
6. Find a loop hole.
Go through the legal contract and see if you can spot any discrepancies. Some timeshare contracts are not as water proof as you may think. Most are, but take the time to read through everything carefully. Even better, have someone that knows what to look out for take a look at it. They might be able to find something that could give you a glimmer of exit hope.
If your timeshare is eating into your financial freedom, then do something about it straight away. Don’t let it continue to sit there doing nothing, but costing you money.