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There are a number of reasons why timeshare owners want to exit their ownership. Timeshares can be an expensive luxury to maintain into your retirement, especially if you aren’t using it often enough to justify the expense. Here are a few reasons seniors should exit a timeshare.

Benefits for Seniors Exiting a Timeshare

1. Have More Money for Retirement Planning

For seniors who are still building up their retirement plans, exiting a timeshare can free up extra cash to use for investment accounts such as an IRA or 401(k). This way, you are making money to use for other vacation and travel options during retirement—instead of spending in on a property that you aren’t getting use of anymore.

2. Protect Inheritors From Unwanted Obligations

Timeshare SaleMost timeshares come with a perpetuity clause that becomes a part of your estate upon death. If you find that your children or inheritors are not interested in the financial obligation of a timeshare, it might be a good time to consider exiting your shares. If you are unsure as to whether your contract includes a perpetuity clause, contact the property for a copy of the contract.

3. Have More Flexibility for Vacation & Travel

Owning a timeshare restricts the time of year you can travel and stay on the property due to the usage of other owners. For seniors looking to travel to more locations, owning a timeshare can make saving for vacations more difficult. By exiting your ownership, you can have more money and freedom to go on vacations and travel to new places outside of the timeshare’s location.

 

The current market is full of timeshare owners who are looking to exit and avoid a loss on their investment. Timeshare Selling Team in Ballwin, MO, can help you strategically plan to minimize losses and remove the unwanted financial obligation of owning a timeshare. Call (855) 444-9360 today to speak with a representative, or visit them online to learn more about your options.

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