7 Ways to Sell Your Timeshare

sell timeshare

Have you decided that you no longer want to own a timeshare? Perhaps maintenance fees have started to pile up, or you’ve made a lifestyle change that makes it harder to keep the property. Whatever the reason, you’ve come to a point where you need to sell your timeshare.

1. Find a Resale Company

There are many reputable companies that can help you with the process of selling your timeshare. These firms will take care of all the details, and can save you the headache of trying to find a buyer yourself.

These firms also use a variety of marketing strategies to attract potential buyers, including online advertising and direct mail campaigns. They are familiar with the market and can reach out to buyers through existing channels as well as their vast broker network.

2. Ask Your Resort For Assistance

Some of the major brands are now offering support for owners looking to sell their timeshares, and these programs can be a great option for those who may not have the time or the desire to try to sell it themselves. Wyndham Ovation, for example, is a great program to check out if you’re ready to get out of your timeshare.

3. Contact Your Resort

If you have a deeded timeshare, you should first check with the resort to see if it has the right of first refusal (ROFR) when you post your unit for sale. The right of first refusal gives the resort the ability to step in and accept the offer if they feel like it’s the best fit for them.

4. Talk to a Timeshare Broker

If your timeshare is located in a popular resort location, it may be worth considering using a real estate broker. This can be a costly option, but they will have a huge reach and know how to get your timeshare in front of the right buyers.

5. Post your own Timeshare on a Forum or Online Marketplace

Another alternative is to sell your timeshare on online forums such as TUG and Ebay. These sites have a dedicated timeshare section and allow you to list your unit and points for sale without any additional costs. However, you will have to compete on price with other sellers and make sure your unit is priced competitively.

6. A Timeshare Exit Team

The last thing you want to do is fall prey to a timeshare exit team. These scams will often target owners who are facing financial challenges or have been through a stressful situation. They will try to convince you that the secondary market is nonexistent, or that they can get you out of your timeshare contract without any problems.

If you do choose to go with a third party to help you sell your timeshare, be sure to check their background with the Better Business Bureau and verify that they are licensed and regulated. You should also beware of upfront money requests, which can be a red flag to consumers who are being scammed.

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