Selling or Releasing your Timeshare
Sometimes timeshare owners need to hand-back or sell their timeshare weeks for a variety of different reasons. At this time, owners looking for an exit, can be extremely vulnerable to fraudulent operators.
Before you engage with any 3rd party company, we recommend that if you would like to sell or release your timeshare that you speak directly to your Home Owner Club owner services team or a club committee representative to discuss the options available to you as your club may already have an in-house resale programme in place. Ask your resort team or club committee representatives about the exit policy in place at your club to see what options are available to you.
If you choose to speak or to sell or release your timeshare through a 3rd party company, please be very cautious if they:
- Cold-called you and initiated contact by email, phone or text – this will likely be a case of data theft.
- State that your club/resort, an exchange company or a European listing of timeshare owners provided your telephone number and/or have asked them to reach out to you. This will not be the case.
- Claim to already have a buyer for your timeshare.
- Tell you not to speak to your club at all and to deal only with them.
- Promise to pay an unusually high price for your timeshare.
- Ask you to pay an upfront fee for legal, registration or administrative purposes in order to sell your timeshare. This is now illegal.
- Pressure you into signing up for a holiday club or discount travel club in return for your timeshare.
- Are a firm of solicitors asking for an upfront payment to help you obtain a refund of money you paid to a company which has failed to deliver the service it has promised.
If you choose not to contact your Home Owner Club to discuss your timeshare resale/exit options and engage with a 3rd party, this could lead you to falling victim to timeshare fraud and parting with large sums of money with no timeshare exit in place and owing outstanding maintenance fees.