Do you want to rent a timeshare to help save some money? For many timeshare owners, there doesn’t seem to be any way out of timeshare debt. When you first bought your timeshare, you had no idea that it was going to end up costing you so much more than that initial purchase price. Unfortunately, the upfront cost was just the beginning of the cost of timeshare ownership as you begin to realize when your maintenance fees and special assessment fees start to pile up.
As the years roll by, you begin to realize that your timeshare’s cost has been increasing by a pre-specified percentage this entire time. Your bills have increased dramatically before you even know how and you find yourself asking, “How do I get out of my timeshare maintenance fees?” Well, there are many different avenues that people have been trying to get out of timeshares.
The first thing you might consider when trying to get rid of your timeshare is selling a timeshare. But, you must consider just how difficult it is to sell a timeshare. So many people out there today are interested in selling timeshares that many timeshare resale companies have been popping up all over the place, happy to take advantage of desperate timeshare owners who need a break from all of their escalating costs. These companies begin their conversation with timeshare owners by promising them that they can get them out of their timeshare in no time because they have people who want to buy a timeshare lined up for them around the block. Because timeshare owners are so eager to get out of their timeshare deed, they readily believe these stories that they are told and pay the sometimes substantial upfront fee to get their timeshare out of their name without doing a little background research.
Using a timeshare resale company is almost always a fast track to losing a lot of money. These companies that sell timeshare do not even attempt to get back in touch with you once they have your money unless it is to get more money out of you. These companies will take your money and run with it. Right now there are a lot of headlines running about these companies and their complete disregard for the welfare of their clients. Yet still, people are continuing to work with them because they are so over-willing to finally get out of their timeshare and all the subsequent debt. However, using one of these is almost always a fast route to becoming a timeshare horror story.
Another method that people have started trying is to rent a timeshare out to other families. Basically, timeshare owners will take their week that they have their timeshare and put that on offer through different timeshare forums or what have you and offer it at a discounted price for people to use for just that one week total. This way, timeshare owners who cannot find a way to make it to their timeshare that one year can at least try and recoup the maintenance fees for that year. Usually though, with so many timeshares for rent by the big companies like RCI and II, it is very difficult to compete. So, what owners will find themselves doing is reducing the price of renting their timeshare by so much they are still losing an immense amount of money.
If you are deciding between buying and renting a timeshare, consider going with a timeshare for rent first so that you can see if you like it, a sort of test the waters method. Also, you will find a large amount of timeshares offered for rent at a significantly reduced price, and with timeshare rentals, there are no maintenance fees or assessments either. By renting a timeshare instead of buying one, you can test out the timeshare industry and make sure that it is something that you are interested in because if you do decide to sign a timeshare contract, then you are looking at a contract that will potentially last forever.
If you are a timeshare owner who has tried to rent your timeshare but cannot seem to find people willing to pay enough for it to even make up for your yearly maintenance fees and need to find a way out, consider transferring the deed out of your name completely, but make sure to go with a reputable company, like Timeshare Relief.