Owning a timeshare is great until you wish to give it back. Different people have different reasons for surrendering their timeshare. Others it could be, they are unable to keep up with the maintenance cost, while for some it could be the death of their spouse/ parent, or extreme financial distress. Sadly, giving it back is not an easy sign-off. It can be a tedious process, especially given the developer is not obligated to take it back. Do you wish to give back your unwanted timeshare? Wondering what options are available for you? Let us look into some of the ways out.
Speak to your developer about it
Before getting into any agreement, it is always recommended that you conduct due diligence. Have a good grasp of what you are getting yourself into. It is important that you learn some timeshare tips before reaching an agreement. For instance, from the onset, you should know if your developer allows deed backs. In essence, can they allow you to willingly sign the deed for your timeshare back to the resort?
Now, if they have this option, this will mean paying a certain amount otherwise referred to as closing fees. Not to sound pessimistic, but you need to keep in mind that your developer is not obligated to take back your timeshare. The best approach is to be persistent and persuasive. A Deed back is still one of the easiest ways of giving your timeshare back.
Work with a timeshare exit company
The other option of giving it back is by working with a timeshare exit company. Now, before you do a quick Google search and land on any exit company, it is very important that you do your research. The first thing you need to do is look for the reviews, and then proceed to understand the work policy of the company. Find out if they expect upfront fees, or only receive payment after your timeshare is canceled. Another important factor to consider when working with an exit company is their years of experience and net worth.
Ensure they have enough experience to do what they promise to do, and two, they have the financial muscle to give your money back, in case they offer the 100% money-back guarantee policy. With a lot of scammers out there, these factors are very important when choosing an exit company to work with. There are many top names in the market like Wesley Financial Group, but take time and do due diligence. You can look at their customer reviews to get a glimpse of what they offer. There are other great exit companies in the market. Compare their services and other factors like return policy, and years of experience before settling for one.
List your timeshare for sell
You might have also come across websites and other forums where timeshare owners connect, learn and even buy or sell their timeshares. If you are interested in selling, you can list your timeshare on reputable sites. Once you get a buyer, you can proceed to make a legal arrangement with your developer to give it away.
Hire an attorney
If you find yourself having difficulties giving back your timeshare, you might want to involve a lawyer. Engaging a timeshare attorney is paramount, especially, when you want to give back your timeshare outside the rescission period.
These are some of the simplest ways of giving your unwanted timeshare back to the developer. The easiest way is to negotiate your way out with the developer. It is not only less complicated, but also cheaper. It might also help if you work with a reputable timeshare exit company or an experienced attorney.