Instead of selling your timeshare, donate it to a charity. Most charities and non-profits will accept timeshare donations to generate cash for their programs.  Some may even use more creative means and offer the timeshare in an auction or raffle as a prize. Others may charge a fee to assist another charity in selling their timeshare. Transfer fees from timeshare owner associations are paid by the seller/donor. Transfer fees for new deeds charged to the non-profit are minimal. When looking for a charity to donate to, look for one that has minimal costs in promotion and advertising.  The less it costs them to advertise, the more of your donation goes to the programs run by the non-profit. One charity called Works of Life Ministries, is an example of a non-profit that helps sell timeshares for other charities for a fee.  Maintenance fees need to be updated and the donated part must be paid.  Works for Life primary assistance goes to people coming out of domestic violence situations, veterans, substance abusers, and educational goals. By donating it, you may not get the direct cash,  but the annual expenses inherent in a timeshare are gone, and the donation may even qualify as a tax-deduction. Keep track of comparative timeshares being sold online—and use it to warrant the deduction. When your timeshare just won't sell, give it away.  Your charity will thank you.  

 

Information taken from: Mark Silverman, “Getting out of timeshare-a bumpy ride through the secondary market-Part III”, S.F. Timeshare Examiner, www.examiner.com 

 

Lauren White