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Sell My Timeshare is a legitimate company that specializes in timeshare resale and rental services. Some reviews state that SMTN does not always sell the property as quickly as it advertises and the contract can be confusing, but there are no hidden fees and customers have the option to cancel.
“Deeded timeshares” let you buy a specific unit for a specific week each year. Legally, these timeshares are considered real property that your heirs may inherit.
How much does it cost to sell your timeshare?
$20,000 to $40,000, or more – and that’s without the burden of special assessments or annual maintenance fees, which tend to rise steadily year over year.
How can I get rid of my timeshare legally?
Looking to Get Out of a Timeshare? Here’s How to Do It Legally
- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
Leased Timeshare On average the lease can expire in 20 – 99 years. Since you don’t own property in this type of ownership, you can expect to have no say concerning how much annual fees are raised, the rules of the property or the operations. That will be completely up to the developer.
A legitimate timeshare resale company will never call you unsolicited. This is actually against the law and goes against the American Resort Development Association member’s code of ethics. If you have never spoken to anyone about selling your timeshare, it could be a scam.
Are there any brokers that will take my timeshare?
But brokers won’t take all timeshares — they tend to focus on properties sold by the major timeshare brands, and have high commissions. Owners at older legacy resorts, where a local timeshare board manages the resort, should always contact their resort manager to research options for rent or resale.
How can I find out if a timeshare company is a legitimate business?
Investigate the Timeshare Resale Company’s BBB Record Check the company’s record on the Better Business Bureau’s website. What you’ll find there will help you to evaluate whether it’s a legitimate business that deserves your money and trust or if you must look elsewhere.
Wyndham and other developers have filed lawsuits against timeshare exit firms, alleging false advertising and misleading claims. The owner of the timeshare exit firm that Roach paid money to told the BBB he was closing his companies down, according to the BBB.