The Grandview timeshare is one of the most popular timeshare resorts in all of Las Vegas. Because of this popularity, you can find several of these timeshares for sale on the resale market for as little as $1. The resale market is the for sale by owner market where current timeshare owners attempt to “sell” their timeshare. The problem with the resale market is that very few timeshares are ever sold on it. Do a search on Ebay for “Grandview timeshare” and you will likely see several Grandview Las Vegas timeshares for sale for a $1 or less.
When you see a timeshare for sale on the secondary resale market for $1 with no bids, it is a good indication that there is not a big market for that timeshare. If there was a big market, that $1 timeshare would have several bids and would eventually sell.
Timeshares are not a product that increase in value. They are not traditional real estate. Most timeshares decrease in value by 50% or more the second they are purchased from a resort developer directly. That can be a tough pill to swallow if you purchased a timeshare directly from a resort developer for $10,000 – $20,000, but it is an unfortunate reality in this industry. The Ebay example above gives credibility to this as well.
So, if you want to get rid of a Grandview timeshare and you’re unable to sell it, even for $1, what options do you have? You can ask your resort nicely if they will take it back from you, but they may not be willing to help. You did sign a legally binding contract, after all. If you owe a mortgage on the timeshare, your chances of selling or giving it back to the resort are even lower.
This is why so many timeshare exit companies exist nowadays. Timeshare owners realized they couldn’t sell their timeshares for $1, and the resort wouldn’t take them back, so they turned to lawyers to help them cancel Grandview timeshare with minimal impact to their credit. Timeshare exit companies wouldn’t exist if the resorts voluntarily took the timeshares back, but many resorts do not offer this as an option, although some are starting to.
Most resorts have no incentive to take your timeshare back from you. Why would they? The resort gets to sit back and collect a 11% – 20% interest rate on your loan and your yearly maintenance fees. In some cases, though, the resort may need more inventory so it can sell more timeshares to new owners. In this case, your resort may be willing to work with you and take the timeshare back.
What is TimeshareExitCompanies.com
We are a review website. We review timeshare exit companies and help owners avoid scams. We only recommend working with timeshare exit companies that offer a no up front fee escrow payment option, so the timeshare exit company is only paid from the escrow account AFTER your timeshare has been cancelled. Learn more about escrow and why it’s important here.
If you still have questions about Grandview Las Vegas timeshare cancellation, fill out a contact form on the right side of the page or initiate live chat.