After timeshare owners find out how difficult it is to sell their timeshare, they often resort to charitable organizations to get rid of their timeshare. Like selling, timeshare donations are not as easy as owners anticipate. Many charitable organizations and non-profits have experienced timeshare ownership and have come to realize what many owners have — timeshares can actually be more of a liability than an asset. Paying every year regardless of the use of the timeshare is a rising fixed cost that many organizations would prefer to not have. It also takes time to manage and/or provide to supporters or others. Furthermore, with the timeshare resale market being the way it is, they cannot sell the timeshare just like individual owners. So, many non-profits have have decided to simply not take any timeshares as donations.
Tomorrow, we’ll write about timeshare donation brokers — companies that will supposedly find you a non-profit that will take your timeshare as a donation.