Many owners who are considering selling their timeshares know how hard it is to get a deal. Most of the owners make their timeshares available on the market for a while but then again, find it unsold. So, they resort to donating the timeshare to a charity which happens to be a good option to get out of a timeshare.
Selling a timeshare involves spending a good chunk of money on marketing and advertising in addition to paying on-going maintenance fees on the property. While donating a timeshare can be a quick way to resolve your real estate burden without having to pay for upfront fees. The charity will handle the timeshare transfer process for the owner in a short span of time.
There are many venues to donate a timeshare. First, try to search on the internet. Some resale websites has a donation option and some only handle timeshare donations. Many charities also are able to handle timeshare donations themselves.
However, in order to have a smooth transfer of the timeshare over to the charity, you need to polish some paper works. You need to clear out all resort contact information and the exchange agreements. Stuff like the deed to the property, the membership agreement to the resort, and any financing information must also be prepared. In addition, you should also gather your maintenance fee information and any real estate taxes.
Donating a timeshare will, in many cases, save yourself from the time and hassle involved in advertising and marketing your timeshare. Even some timeshare transfer companies like the Transfer Smart offer this option of donation to their clients in getting rid of their timeshares. While you may not recover the amount of money you incurred in the property, you will gain peace of mind and eventually cut those disadvantages of timesharing.