As a timeshare owner, you’ve probably wondered how hard it is to sell your timeshare. The answer is:
Very! The timeshare resale market has never been a buoyant one.
The very nature of timeshare selling doesn’t lend itself to window shopping! Exhaustive, high pressure, emotive, overselling are the main ingredients to a timeshare sale with many people signing up after being worn down and browbeaten.
The majority of timeshare resorts are now open for public consumption through internet booking sites, which means that the ownership of a timeshare is no longer necessary for those who wish to use them.
Thus, consumers can make the most of timeshare accommodation without taking on the bad bits, such as in-perpetuity contracts and annual maintenance fees.
The question that needs asking is ‘ why would anyone put themselves into a position that you cannot get out of ?’.
All these factors combined, and the bad reputation of the timeshare industry has all lead to an unfortunate set of circumstance that prevents people from reselling their timeshare properties.
Many timeshare owners try listing their timeshares for sale on eBay at no cost. Even still, this is of no consequence. ‘If it sounds too good to be true, it probably is’.
It’s important to beware of timeshare resale companies that prey on vulnerable and often desperate timeshare owners. Leading timeshare owners to believe that they can resell their timeshares by paying for advertising. We wouldn’t recommend paying any upfront fees for this type of service.
Another common trick offered by Timeshare Exit companies is to transfer your Timeshare into a fake company name. Or even transfer it to a person that has no legitimate intention to pay any maintenance fees.
This practice is often carried out by timeshare transfer companies that are based in the UK, Spain and the USA. Illegal or fake transfers such as these will get you into a lot of trouble. Fraud such as this, will result in legal action being bought against you or your family by the relevant authorities.
Some Timeshare resorts will take back your timeshare at no cost. Others will charge you exit fees. If you do not qualify for a claim then this maybe your best timeshare relinquishment option. We would advise that it would always be best to check with us first as to wether you qualify for a claim.
If your Timeshare resort does not offer any facility to relinquish your Timeshare, then we can help. Not all Timeshare owners qualify for a claim, so offering this legal service to Timeshare owners is an essential one.
Timeshare claims can only be carried out by Financial Conduct Authority regulated firms. To check if you qualify , call us on xxxxxxxxxxxxxx.