If as a timeshare owner you are finding it difficult to sell your timeshare through traditional methods there are other options to consider. The following sales alternatives will not work with every resort or timeshare type, but for the desperate timeshare owner trying to get out they are worth considering and researching further.
Timeshare owners can attempt to give the timeshare back. This is most usually done by filling out a “Quit Claim Deed” which can be obtained from your resort company or a lawyer. In this situation you will be giving up all of your rights to membership and the rights of those in the future, i.e. you may not will the timeshare to heirs. You will need to have the deed recorded at a county courthouse and serve a copy of the newly recorded deed to the resort with which you wish to terminate affiliation. This is a great option if nothing is owed on the original note because the “Quit Claim Deed” will make sure you will no longer owe yearly fees, membership fees, or maintenance fees.
Auctioning timeshare off is another option for timeshare owners that have not been successful using traditional sales methods. EBay, Amazon, and Yahoo all have excellent auctions through which timeshare may be sold. Timeshare auctions tend to be more time-consuming for the seller, but you also have an opportunity to make a return on investment.
A timeshare dump is a viable option for those that simply want to get rid of their timeshare. There are a handful of companies, easily found online, that will take over your maintenance fees and prepare a deed transferring ownership if you own a timeshare in a location that fits their particular needs. You will be responsible for any transfer fees charged by your resort to change ownership and you will not be paid for the timeshare by the new owner(s).
Timeshare owners may also opt to donate timeshare to charity. There are numerous organizations that accept timeshares as donations including the American Cancer Society, Red Cross, Salvation Army, and Mayo Clinic. The donation process typically takes a few weeks and after finalization you are eligible for a tax write-off.