According to a recent report, there are over 1500 timeshare resorts in the United States and more outside the United States. The average age of a timeshare owner in the United States is just shy of 47 years old. Most interestingly, eighty-five percent og all timeshare buyers report that they regret their purchase.
Timeshare owners cite a variety of reasons for why they regret their purchase including but not limited to financial hardship, fear, confusion, intimidation, and distrust as their primary reasons. Many timeshare owners feel they were pressured into the purchase or misled regarding the purchase.
A common ploy in selling timeshares is to offer people free tickets to amusement parks, free air fair for vacations, free three-day cruises. In return, you just have to sit through their sales demonstration. They’ll tell you it will be ninety minutes long, but then you end up stuck there for hours as they make you feel like you can’t leave or you won’t get the reward.
They’ll make you talk to several different people about the timeshares. Each person will get increasingly more high pressure. They refuse to take no for an answer and leave you feeling overwhelmed. The timeshare industry is an 11 billion industry thanks to these high pressure sales tactics.
The average price of a timeshare is slightly over $20,000. However, it isn’t the mortgage costs that most people are stressed by. It is the ongoing maintenance fees that are often significantly higher than expected.
This leaves many owners asking the question; how can I sell my timeshare? This can be a tricky situation, and you don’t have the organized high-pressure sales system that was used on you when you bought it. Additionally, the company that runs your timeshare has little to no interest in helping you.
This is where a timeshare attorney can help. Timeshare attorneys are trained and experienced specifically in how to deal with these companies. They know what your rights and obligations are, as well as the obligations of the timeshare company. They will thoroughly examine your experience to determine if you were drawn into one of many timeshare scams.
You may feel desperate to get rid of a timeshare, but you need to be a little patient and work with the timeshare lawyers that will help you navigated the system and go out of the timeshare with as little financial damage as possible. They will answer the call when you want to know; how can I sell my timeshare?
How can I sell my timeshare? is not a question you want to ask a friend or relative. You certainly don’t want to ask the person you bought it from. Your best path is through a timeshare attorney, who will show you the legal path to freedom from the timeshare.
For many, they may feel stuck because they didn’t buy the timeshare through a company. They may have bought it from another owner thinking they were getting a great deal. Some owners will list their timeshare for little pennies on the dollar through websites like Craigs List. These are scams, and it is nearly impossible to be sure they are being completely transparent with you regarding maintenance fees and other financial obligations.
The last thing you want is to have a timeshare transferred into your name only to find out there is a tremendous amount of money owned in fees and additional costs that you were not prepared for. While this would be a dire situation, a timeshare lawyer can help you out of it, and the sooner you contact one,the less damage that will be done to your finances and your credit.
Don’ sit home banging your head against the wall or refuse to get help because you are embarrassed you fell for a scam. There is a clear answer to the question: How can I sell my timeshare, and the right attorney can tell you what it is, as well as protect you from future losses.