Q: Can you donate your timeshare?

A: When owners realize the difficulty of selling their timeshare, one of the thoughts most quickly reverted to is “donating the timeshare”!  So you’re having a difficult time selling your timeshare, and now you think that donating to a charity will be an easy and “feel good” exit strategy.  Think again!  Although the donation of a timeshare to a charity is plausible and reputable, you must then ask the question; “what is the charity going to do with it once ownership has been signed over”!? The assumption here is that you would choose a charity which has importance to you; and if this is the case, then why would a charity be able to sell the timeshare better than you?  Regardless, they are going to have to advertise the timeshare and find a buyer(s).  Also, is a “charity” going to “use” a timeshare?!

In short, you do have the option of donating your timeshare, and in essence you should consider that if you have been unsuccessful in selling your timeshare, charities are not positioned any better to reach the targeted buyers market throughout the world; and it is important to note that fees may apply to these donations as even charities cannot transfer timeshare ownership and complete the required closing documents without a credited title company and appropriated transfer process. 

Q: How will ownership be transfered?

A: Once a buyer is found, seller’s are typically stuck in trying to facilitate the transfer of title and legal ownership.  There are some companies such as transferatimesharetitle.com that help by making the closing process seamless and properly executed.  Services offered are; document preparation, courthouse recording, escrow of funds, disbursement of funds and notification to the resort.  The question to think about is this; is it of interest to work with a company that will effectively reach potential buyers for your timeshare, and once a legitimate buyer submits an offer and there is acceptance, the transfer of ownership is executed in a timely manner, and once complete you can move on to your next goal?  If this is of interest, find a reputable re-sale company and start showing the world-wide timeshare market your timeshare is for sale. 

Q: What are Some Benefits of Timeshare Versus Standard Vacationing?

A: There are many benefits to owning a timeshare versus planning individual vacations!  First, timeshare accommodations are typically hotel style suites or villa chateaus and ownership is entitlement to the hotel/resorts full amenities.  Whereas a standard vacation you may have the option to enjoy hotel/resort amenities, but would take considerable planning prior to travel.  As opposed to being a hotel room renter, enjoy status and fine treatment as a condo owner.  Condos are spacious, have kitchens and private bedrooms and some sleep up to 10 persons. 

Most resorts have activities/tours pre-arranged and are often free, thus you can spend your time relaxing in exciting or low-key settings.  Save the hours and hassle of planning, because it has already been done for you.  Timeshare ownership typically works out to be less expensive in the long run, for example; guests checking out at the end of their week have zero charges on their bill because they own their accommodation as deeded property. 

Additionally, vacations are completely necessary for maintaining a healthy balance of work and life, alleviating stress, and providing unforgettable family memories, and with a timeshare ownership you are guaranteed at least one valuable vacation per year at a great price! So click on Ask A Specialist and find out about timeshare today!