Timeshares can be a great way to take advantage of travel opportunities for an affordable price. However, as time passes, many owners find themselves looking to sell their timeshare due to changing lifestyles and rising maintenance fees. Regardless of the reason, it is important to know how to properly sell your timeshare to ensure that you are not scammed or left with an asset you no longer want or need.
Selling your timeshare yourself can be challenging, but it is possible with the right research and diligence. The first thing you should do is determine the value of your timeshare. This can be done by using an online service that provides resale values for timeshares or by talking with someone at the resort where your timeshare is located. Once you have a good idea of the resale value, set your asking price accordingly. Buyers may be willing to pay a bit lower than your asking price, but don’t let that deter you from setting an attractive price point.
Many times, resale companies will contact you out of the blue and claim to have a client who is interested in your timeshare. They will ask you to give them an upfront fee and then promise to finish the transaction quickly. However, this never happens and you end up out a lot of money. Avoid these scams at all costs.
It is also important to understand that selling your timeshare through a resale company is not as easy as it sounds. These resale companies keep themselves running by charging upfront fees to the owners who list their timeshares with them. This makes it difficult to sell your timeshare at a reasonable price, which is why so many people turn to these websites and ultimately fail to sell their timeshares.
If you have been unsuccessful in selling your timeshare, you should consider contacting your resort and inquire about their deedback program. This is a great option for many people, but it is important to remember that this can only be done under certain circumstances such as death of a family member or a major loss of income. Additionally, some resorts will require that you go through a lengthy and expensive application process before they allow you to sell back your timeshare.
Whether you’re suffering from buyer’s remorse, or simply want to remove your escalating maintenance fees from your budget, selling your timeshare can be an excellent opportunity to free up some cash and start traveling again. While you may not be able to sell your timeshare at the high prices you paid for it new from the developer, you can still get rid of it by doing some homework and being careful not to fall victim to scams. With the right research and some creativity, you can sell your timeshare without any of the hassle and expense that often comes with the process. Good luck!