How to give away a timeshare

t’s a classic situation: You are on vacations, walking on the beach, when suddenly you get approached by an enthusiastic salesman. He offers you a free breakfast, discount coupons and a city tour, all you have to do is to attend a 90-minute timeshare sales presentation. You immediately accept the offer; after all, what could be wrong about that?
Timeshares are clearly not for most people, however, they are constantly offered to anyone who is on vacations. Although there are lots of people who agree going to the presentation just to get the freebies, unfortunately, many of them end up falling for the trap. Read this article to know more on how to give away a timeshare.
Even though there are lots of timeshare owners who feel happy about their purchases, there are millions of others who regret having bought theirs and would love to know how to give away a timeshare.
The reasons to get rid of a timeshare are many. Several people feel they were scammed with the promises made by the timeshare salespeople. They were told their purchase would become an “investment”, or that they could rent it easily, which is very unlikely.
Nevertheless, not all timeshare purchasers feel they were scammed during the presentation. Some others want to get rid of their timeshares because they are not able to afford them anymore, especially on this struggling economy.
Others realize that they will not be able to use it for any longer, and other ones just get bored of vacationing at the same place every year. Whatever the reason is, they all want the same thing: to get out of timeshare contract.
How to give away a timeshare
A timeshare might be difficult to get rid of, but not impossible. These are 4 of the most common solutions on how to give away a timeshare:
Sell your timeshare: This would be the easiest solution to get out of a timeshare legally… if only the resale market wasn’t so poor. Timeshares are extremely difficult to sell, in fact, they are almost impossible to sell. There are over 600 timeshare units on the resale market for every prospect buyer.

Donate
Donate your timeshare: Timeshare donation to charity has a few advantages. Once you donate your timeshare, it won’t be your problem anymore, and you might get a small tax deduction for the charitable contribution.
Unfortunately, most charity organizations refuse to accept timeshare since they are not willing to clear off the outstanding debt, and even if the timeshare is paid in full, they wouldn’t be happy to pay the annual timeshare fees.

Give away
Give it to someone else: This should be considered as a last resort option. Find someone who is willing to take your timeshare off your hands and assume the financial obligations that come with it.
 Cancel
Cancel a timeshare: This is the best solution to get rid of a timeshare efficiently. When a timeshare is properly cancelled, the financial obligations attached to the resort will be gone: no more threatening calls, no more debt, and no more maintenance fees.   It is important, however, to cancel your timeshare agreement through the right professionals in order to avoid being scammed