The resort is not legally obligated to take a
timeshare back from you. If you can’t find a willing owner to take over your unit, you’ll have to put your case to the property’s manager. … Your other option is to try to give the property to someone else or sell it for whatever you can get.
Can I sell my timeshare back to Wyndham? Through Wyndham Cares “Certified Exit – Backed by Wyndham“,
owners are able to return their timeshare back to Wyndham if their loan is paid off
and all maintenance fees are up-to-date. Contact Wyndham Cares directly to review your options.
Can I sell my timeshare back to Wyndham? Through Wyndham Cares “Certified Exit – Backed by Wyndham“,
owners are able to return their timeshare back to Wyndham if their loan is paid off
and all maintenance fees are up-to-date. Contact Wyndham Cares directly to review your options.
- More than $2.8 Billion in Timeshare Sales and Rental Offers – Delivered to timeshare owners just like you.
- No Hidden Fees – We’ll clearly explain all your options and answer any questions.
If you determine your timeshare is not worth keeping, sell it now to avoid losing even more money each month.
Companies claim to pay cash for your
timeshare, but the convenience of a quick sale comes with a price. Third-parties will rarely pay the actual resale value.
What Happens if I Stop Paying My Wyndham Timeshare? This can cause a significant hit to your credit score. If you stop paying your Wyndham timeshare annual fees then
Wyndham can begin collection proceedings
– usually through their debt collection department.
You can’t just walk away
from a timeshare. … If you don’t stay current on your maintenance fees or your loan payment, the timeshare company or timeshare association could report you to a collection agency and ding your credit score.
Getting out of a timeshare
The main way to get out of a timeshare is
to sell it
. To do this you’ll have to make sure all fees are paid. However, timeshares can be very hard to sell. Most people make a loss when they sell them.
Costs to Get Out of a Timeshare
On average, it costs
about $5,000 to $6,000
and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.
If you are either left a timeshare in a will or are the legal heir of someone who owned a timeshare and died without a will, you may choose to refuse to accept your inheritance. In legal terms, this is generally called “
renunciation of property
.”
The only way to get rid of your timeshare maintenance fees and the other special assessment fees altogether is
to get rid of your
timeshare. Because as long as you own the property, there’s really no way to end the yearly onslaught on your bank account.
Are There Any Legitimate Timeshare Resale Companies?
YES
. There are several legitimate timeshare resale companies. When you’re looking into selling your timeshare on the resale market, do your research.
Why is selling a Timeshare so tough? The main reason is
quite simply, supply and demand
. The supply of timeshare resales greatly exceeds the demand for resales. … There are hundreds of Timeshares for sale right here on TUG, and eBay from owners who are just looking to get out of their annual Maintenance Fees!
It Can Be More Financially Accessible Than Buying a Vacation Home. The average sales price for
a one-week timeshare was $22,942 in 2019
, according to the American Resort Development Association (ARDA), an industry advocacy group.
Resale timeshares often sell for
only 50% of the original price – some for as little as 20-30%
. You can still sell your ownership easily, but you have to price your property competitively. Because there are so many similar properties and weeks on the resale market, the differentiating factor is price.
