Believe it or not, there are a lot of mixed feelings towards a timeshare investment. Some like what they spent their money on while some regret it and would do anything to get out of it. It has a lot to do with your financial status and the way you plan the rest of your life. With a pandemic on our hands, a lot of people have lost their jobs so you can’t be the only timeshare owner who is having a hard time paying the maintenance fees all over again. The best thing you can do right now is to talk to the property owner as some of them actually give loans to people who are struggling right now. The reason for that is they have a heard and they would want nothing more than to help you get back on your feet.
Give it Back
You can give it back to them but better be aware of what is stated in your contract. They certainly saw that would happen in the future if you change your mind about it. They will most likely do that but for only a portion of what you paid them. As a result, you are in a losing situation here and you just need to accept it. If you have a money vault like Uncle Scrooge then you can just donate it to the people who were affected by this pandemic. It is a shame how a lot of companies were forced to close down. it just goes to show how you can never really know what will happen in the future. An asteroid may come falling down from the sky and we never expected that to happen. All we can do is to accept it and take it from there.
This option would take a bit of your time especially since everyone’s money is a bit tied up due to the pandemic. You would want to start selling it to your friends and family members who may have a chance of buying it. After all, you know you can trust them to take care of your investment. Of course, if you don’t want them to get mad at you somewhere down the line then better be honest to them about what they can expect if ever they do end up taking it away from you as that is one way to get out of your timeshare during these weird times.
Legally Get Out of It
Hire a lawyer that would allow you to read your rights when it appears that you think you were unfairly sold on this property. You may think the salesperson was not able to tell you the details you wanted to know or he told you all the wrong things just so you can make a down payment right away. There are some people who are like that because they are just after their commission then you will never hear from them ever again which is bad.