Orange Lake Resort in Kissimmee, Florida is a popular destination for families looking for a fun-filled vacation. With lazy rivers, waterslides, four golf courses, and plenty of kids activities, the resort offers the perfect getaway for families. Additionally, the resort is located near some of Orlando and Kissimmee’s top attractions, including Disney World, Busch Gardens, Sea World, Gatorland, and the Kennedy Space Center.
However, while Orange Lake Resort is highly rated, some guests who have purchased timeshares at the resort have found themselves wanting to get rid of them. If you are in this situation, you may be in for a surprise if you try to sell your timeshare for a profit. A search on eBay for “Orange Lake timeshare” brings up several results of owners looking to sell their timeshare for as low as $1. Furthermore, many of these ads priced as low as $1 don’t have any bids on them, indicating that owners of that timeshare are having a difficult time selling their timeshare, even for next to nothing.
If you are determined to sell your Orange Lake timeshare, you can try advertising it on websites like Craigslist, eBay, Myresortnetwork.com, tug2.com, or Redweek.com. However, it is important to avoid timeshare resale companies that want to charge you more than $150 up-front to advertise your timeshare for sale, as these are almost always scams.
It is also important to understand that most timeshares are not an investment. Unlike real estate, timeshare does not typically increase in value. In fact, it almost always decreases in value the second it is purchased through a resort developer directly. Most timeshares aren’t real estate, and in the case of Orange Lake, it’s just points with Holiday Inn. If you bought these Holiday Inn points, you basically just bought the privilege to stay at Holiday Inn resorts each year for a very long time. Even if you ask an Orange Lake timeshare salesperson if the timeshare is an investment, he or she is required to say it is not because it is against the law for a real estate agent to say a timeshare is an investment that increases in value in Florida.
So, if you can’t sell your Orange Lake timeshare and it’s not an investment, what can you do? Fortunately, Orange Lake Resort now offers a “take back” or “deed back” program where, in some cases, they will let you give the timeshare back to them. You may have to pay them a fee to do this, but at least your maintenance fees will stop.
In some cases, Orange Lake may not be willing to let you out of the timeshare. This typically happens when you owe a mortgage on the timeshare or are past due on the maintenance fees. However, it doesn’t hurt to ask. Giving the timeshare back to Orange Lake will almost always be the cheapest option available to you.
If you feel that Orange Lake misrepresented their product when you purchased it, you may want to consider speaking with a timeshare exit company for legal representation. However, it’s almost always going to be cheaper and less hassle to give the timeshare back to Orange Lake. You did sign a legally binding contract, after all.
If you choose to hire a timeshare exit company for legal representation, our recommendation is to only work with companies that offer a no up front fee escrow payment option. Escrow is important because it is the safest way to get out of your timeshare and avoids the scammers. By using escrow as a payment method, the timeshare exit company will not get paid until your timeshare is out of your name.
However, it is important to do your research and due diligence when selecting a timeshare exit company. There are many scams out there that prey on desperate timeshare owners looking to get out of their contracts. Look for a company with a proven track record of success and positive reviews from previous clients. Remember, getting out of a timeshare contract can be a complicated and time-consuming process, but it is possible with the right help and resources. Don’t hesitate to seek assistance if you are struggling with your Orange Lake timeshare.