Getting rid of a Westgate timeshare can be a difficult and confusing process, but it is possible. There are several options available to those looking to exit their timeshare commitment, including selling it, giving it back to Westgate, or transferring it to someone else.
Option 1: Selling the Timeshare
One option to get rid of a Westgate timeshare is to sell it. This can be done through various websites and companies that specialize in timeshare resales. However, it’s important to keep in mind that the resale market for timeshares is very limited, and it can be difficult to find a buyer. Additionally, the sale price for a timeshare is often significantly lower than the original purchase price, so it may not be a profitable option for many timeshare owners.
Option 2: Giving the Timeshare Back to Westgate
Another option for getting rid of a Westgate timeshare is to give it back to the resort. This is known as “surrendering” the timeshare. Westgate may be willing to accept the surrender of your timeshare if you are unable to make the payments or if you no longer want to use it. However, it is important to note that surrendering a timeshare will likely result in a negative impact on your credit score.
Option 3: Transferring the Timeshare to Someone Else
A third option for getting rid of a Westgate timeshare is to transfer it to someone else. This can be done through a timeshare resale company or by finding a buyer on your own. However, just like selling a timeshare, finding a buyer can be difficult, and it may take some time to find someone willing to take over the timeshare.
It’s important to note that transferring a timeshare also has potential drawbacks, such as the buyer potentially defaulting on the payments or the transfer not being accepted by Westgate.
Option 4: Hiring a Timeshare Exit Company
A fourth option for getting rid of a Westgate timeshare is to hire a timeshare exit company. These companies specialize in helping people get out of their timeshare commitments. They will work with Westgate on your behalf to negotiate a resolution that is acceptable to both parties.
While hiring a timeshare exit company can be more expensive than the other options, it can also be a more effective solution for those who are struggling to get out of their timeshare commitment. However, it is important to thoroughly research any timeshare exit company before hiring them to ensure that they are reputable and have a track record of success. We only recommend exit companies that offer escrow and partner with attorneys.
In conclusion, getting rid of a Westgate timeshare can be a complex process, but there are several options available to those looking to exit their timeshare commitment. These options include selling the timeshare, giving it back to Westgate, transferring it to someone else, or hiring a timeshare exit company. Before making a decision, it is important to thoroughly research each option and understand the potential drawbacks and benefits.