Many timeshare owners want to get rid of their The Penthouses At Gulf Stream Timeshare because of the increased maintenance fees and inability to travel on their timeshare ownership. Most travelers today can agree that it’s much cheaper to use sites like Airbnb or Vrbo in lieu of owning an expensive timeshare that can cost thousands of dollars.
If you want to get out of The Penthouses At Gulf Stream Timeshare, you have several options to cancel your timeshare and remove the future financial liability of owning.
This is the first question we are often asked when a potential client wants to get rid of a timeshare. The issue with trying to sell your The Penthouses At Gulf Stream Timeshare is that many timeshares can take years to sell, during which time you cannot travel on the timeshare and must continue to pay maintenance fees.
The reality about owning a timeshare is that you shouldn’t expect to get anywhere near what you paid for the timeshare if you decide to sell it. There are a few exceptions to this rule, but 99% of timeshares are more expensive to attempt to sell than if the owners decided to use a legitimate timeshare exit company.
The reason timeshares are nearly impossible to sell quickly and for any reasonable amount of money is that the timeshare resale market is flooded with inventory from timeshare owners who simply want out of the fees. Often times you will see these timeshares listed on sites like eBay for $1 with the seller agreeing to pay all transfer fees which can be thousands of dollars.
Timeshare companies incur a charge for any timeshare ownership that is transferred. These transfer fees can range from several hundred dollars to thousands of dollars depending on the resort. This is something definitely to consider and research before attempting to sell or give away your timeshare because no matter where it goes there will always be a transfer fee due to your timeshare company.
In lieu of selling your timeshare, what other options do you have to cancel the fees and get out of it permanently without hurting your credit score?
Most timeshare owners don’t know how it works, but most have heard of timeshare exit companies who offer an easy way out, but often charge an upfront fee. A lot of folks are leery of these options because of the number of scams in the timeshare industry, and rightfully so. Many timeshare exit companies will leave timeshare owners in a worse off position than before they hired the company to cancel their unwanted timeshares.
So are all timeshare exit companies a bad option? Absolutely not! Many timeshare exit companies offer a great service to get rid of your timeshare and will provide that service in a reasonable amount of time for a reasonable price.
The biggest question is -
We believe just like any other industry that there are great companies, mediocre companies, and bad actors. The difference between these companies is never shown on the surface and takes a bit of research to find the best option. We recommend for any timeshare owner who wants to get rid of The Penthouses At Gulf Stream Timeshare that they follow these steps.
The biggest piece of advice is to always watch out for scams and be mindful of the saying “if it sounds too good to be true then it is.”
Most of the scams you will encounter when attempting to get rid of your The Penthouses At Gulf Stream Timeshare are timeshare resale scams. These scams will often try and lure you into paying an upfront fee to sell your timeshare and may even offer a potential buyer that is already interested in buying your timeshare. No matter how enticing it sounds, this is almost always a scam. The FTC even warns timeshare owners to avoid any timeshare resale company attempting to charge an upfront fee.
Even some major timeshare resale companies will try to get you to pay a marketing fee for listing your timeshare on their website. This is never a good idea and leaves you out of the money you paid should your timeshare fail to be sold.
In closing, remember to be patient, do your research, and take your time. The best recommendation we can give is to find several options that make sense to you and your situation. There is no simple solution that works for every timeshare owner or every timeshare situation. All that matters is that you find a solution to get out of your timeshare and that it is done correctly.