Selling-Timeshare.org

I don’t understand what the first person was answering, but the answer to your question is, the timeshare is yours to do with as you please. Yes you can sell it the day after you bought it if you want to, the catch is that the mortgage is still owed in its’ entirety and you will have to pay it off as soon as you sell the timeshare. If the amount you owe is greater that the amount you are able to sell your timeshare for you will need to come up with the difference to clear the title for the next owner. Good luck on the sale, it is almost impossible to come up with a sale that covers your original purchase price if you bought from a developer. Many are selling for 10 to 25 cents on the original dollar.

I’ve read somewhere that it doesn’t have to be paid off to be sold. Here’s a list of things that you can do with your timeshare:

With most point systems, owners may elect to:

- Assign their usage time to the point system to be exchanged for airline tickets, hotels, travel packages, cruises, amusement park tickets;

- Instead of renting all their actual usage time, rent part of their points without actually getting any usage time and use the rest of the points;

- Rent more points from either the internal exchange entity or another owner to get a larger unit or more vacation time or at a better location;

- Save or move points from one year to another.

Some developers, however, may limit which of these options are available at their properties. Owners can elect to stay at their resort during the prescribed period, which varies depending on the nature of their ownership. In many resorts, they can rent out their week or give it as a gift to friends and family. You can also exchange it for a stay at thousands of other resorts all over the world. For more information, check out this webpage which is really informative about timeshares:

http://en.wikipedia.org/wiki/Timeshare

Good luck with your timeshare.