7 Things You Need To Know about Timeshare Cancellation 

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DUFFY
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Joined: 10/8/2019
Topic  7 Things You Need To Know about Timeshare Cancellation       Flag »  Reply »
Most timeshare owners have a hard time accepting the fact that a timeshare – something they’ve spent tens of thousands of dollars on – can have little or no tangible value. So when the cancel timeshare eventually becomes a financial burden, their first inclination is to sell it or rent it. Unfortunately, hundreds of companies have sprouted up over the last several years to exploit the misconception that timeshares are easily sold.

These timeshare “resale” companies tell you exactly what you want to hear – that your timeshare has real value. People believe this nonsense because they just can’t understand how a timeshare company would be allowed to sell products to the public that are, for all intents and purposes, worthless. When you buy a car, you expect it to lose 20% of its value as soon as you sign the contract, but you certainly don’t expect it to lose 100% of its value. That’s exactly what happens with most timeshares. People understandably have a hard time wrapping their heads around that.

These companies fall into two categories. These are the sketchy type that claims they can sell or rent your timeshare (they can’t). And the fraudulent type that claims to have a buyer waiting in the wings (they don’t). Both types are fully aware that the odds of someone actually buying or renting your timeshare are extremely low (less than 1%). Why the terrible odds? Because of the glut of timeshares on the secondary market for only a dollar. Think about it. Why would anyone pay you for a timeshare when so many are listed on eBay for next to nothing?
  Tuesday, June 9, 2020 at 11:21:49 PM

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