Can you Sell a Timeshare?

Would you like to sell a timeshare and finally see a return on the investment you purchased quite some time ago? Are you tired of constantly thinking “I want to cancel my timeshares!”? Well if you have already begun attempting to sell your timeshare then you are now well aware of the fact that timeshares, in almost all industry expert’s opinion, are in no way to be viewed as investments.

So why are so many people selling timeshares right now? Well, for starters, today’s economy is taking its toll on everyone, wreaking havoc on timeshare owners in all income brackets. The economy is making all aspects of business more challenging.

Timeshares are increasingly becoming more challenging to own than they previously were, and if they are more difficult to possess, not only will they be harder to sell, but you will face a significant number of individuals as your competitors.

If you are seeking to sell a timeshare property and anticipating making anything similar to what you paid for it because you were informed that they were ‘excellent property investments’, you are going to be in for a harsh reality, because selling a timeshare is almost impossible. I understand that the salesperson attempted to persuade you that the timeshare was an investment, but, realistically speaking, timeshares simply are not.

Not only is the economy leaving people with less money, but timeshare “investments” are costing people more day by day as well. For starters, anyone who owns a timeshare will notice that their fees have increased. In fact, timeshare fees tend to double every ten years. The average maintenance fee is approx. £600-£800, and the average timeshare sells for around $20,000 (Approx. £15,000).

Every day, timeshare owners are paying additional charges on top of their timeshare purchases. They pay out a huge, large sum at the beginning, which is supposed to secure them this land forever, but in reality, they are being charged substantially more every year. The things that timeshare companies will charge you vary greatly depending on the country (or state) specific timeshare laws.

There are several different kinds of indirect costs that come with owning a timeshare.

Let’s start with the simplest and most well-known, the timeshare maintenance fee. These are charges timeshare resorts will charge their owners for an annual clean-up or to repair a faulty appliance. Everyone is aware of service charges, but not everyone realises that they consistently escalate until they eventually surpass the initial payment made to acquire the property when signing the timeshare contract.

Then there are property taxes, something most people hate and don’t expect to be a part of their ideal holiday. Moving on, these are the most difficult to determine timeshare-related charges, which is the random assessments. These assessments are basically charged to every timeshare owner at the resort owner’s will. For instance, if there is an earthquake or other timeshare owners fail to pay their dues on time then other timeshare owners will be charged for it.

• Furthermore, let’s not forget the indirect expenses.
• How much is a return plane ticket to your timeshare destination?
• How much does it cost to travel to and from the airport at your departure city and then arrival city?
• How much income will you and your spouse be losing combined by taking that much time from work?

Compile all these details, on top of any additional charges you are aware of, like the extra cost of food when on vacation, and then simply ask yourself if that is something that is within your budgetary means on an annual basis. If the answer is yes, and you thoroughly enjoy your timeshare and its location, then you should keep your timeshare.

So what is the answer? If after considering your finances and realising that timeshare ownership is no longer feasible within your budget, then yes, you should be getting rid of your timeshare; however, you should not sell your timeshare in light of all the timeshare resale companies in trouble for deceptive practices.

If you need to get rid of your timeshare, call Mercantile Timeshare Claims, we are a timeshare claims company that does not charge any upfront fees and will not tell you we can get rid of your timeshare until we are positive, removing you from timeshare debt forever.