How to Sell or Exit a Timeshare with a Timeshare Exit Strategy
If you are looking for a timeshare exit strategy, the first thing you need to do is gather the information you need, including:
- Name, address, and phone number of your timeshare resort.
- The deed and/or contract or membership agreement which clearly identifies the timeshare you own.
How to Exit a Timeshare
Exiting a timeshare can be a complex process, but there are several steps to take that might help you:
Review Your Timeshare Contract
- Cancellation Period: Check if you’re within the rescission or “cooling-off” period, which allows you to cancel the timeshare contract without penalty.
- Exit Clauses: Look for any exit clauses in your contract that outline conditions under which you can terminate the agreement.
Contact the Timeshare Company
- Owner Services: Contact the timeshare company’s owner services or customer service department to discuss your desire to exit and explore any options they may offer.
- Deedback Programs: Inquire if the company has a deedback or buyback program where they take back the timeshare.
Timeshare Selling or Rental
- Work With Your Timeshare Company: Timeshare companies are a valuable resource for guidance on timeshare selling.
- Timeshare Resale Marketplaces: List your timeshare on resale marketplaces. .
- Licensed Real Estate Agents: Consider working with a licensed real estate agent specializing in timeshares to help you find a buyer.
- Timeshare Rentals: Renting your timeshare is an option if you want to retain it but will not use it this year.