Welcome to “Ask Stacy,” a video-only feature in which I answer a money question submitted by a reader or viewer. (Learn how to send in a question of your own below.)
Note for those who would rather read an article than watch a video: I feel you. I, too, am a reader first, watcher second. But these videos are short and painless. Give them a try! You just might find you like them.
Today’s question concerns one of the most common topics I’m asked about: unloading a timeshare. I’ve probably gotten dozens of these questions over the years.
I’d chop off my own foot with a dull ax before buying a timeshare, especially a new one from a developer. But if you’re considering a timeshare — or already are in one and want out — here’s what I think you should do:
For more information on this topic, check out “What You Need to Know About Buying or Selling a Timeshare Property” and “5 Keys to Selling a Timeshare Property Without Losing Money.”
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The questions I’m likeliest to answer are those that will interest other readers. In other words, don’t ask for super-specific advice that applies only to you. And if I don’t get to your question, promise not to hate me. I do my best, but I get a lot more questions than I have time to answer.
I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
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