As time goes by, people change their travel interests or simply want to do away with the expensive maintenance fees that go along with owning a timeshare. The good news is that there are a number of options for those wanting to sell their timeshare. Whether you decide to sell your timeshare on your own, through a website or through a real estate broker, it is important that you have realistic expectations about how much you will get for your timeshare and that you understand the challenges associated with selling this type of property.
If you are unsure about how to price your timeshare or what the resale market is like, consider contacting a licensed broker who specializes in this type of real estate. They will be able to provide you with up to date knowledge of the marketplace and assist you with pricing your timeshare appropriately, preparing the contract of sale and closing on it. In addition, they should not charge up front fees unless your timeshare is actually sold.
The resale market for timeshares is challenging because there are just not a lot of buyers out there. It is a very unique product that is not as popular or easy to sell as a car or a house. Some timeshare companies are trying to make it easier to sell the property by creating a program that gives the owners the ability to exchange their week with other owners of the same resort and even with members of different resorts. However, this is not going to solve the fundamental problem of having too many sellers and not enough buyers.
You might also find a number of websites online that are advertised as being able to help you sell your timeshare for pennies on the dollar. These websites are just resales marketplaces that keep themselves going by charging upfront fees to people listing their properties. Despite their fancy website designs, they are no more effective at finding buyers than more generic auction sites. Many of these sites are plagued with bad reviews from dissatisfied customers who have been scammed by the people running them.
The biggest challenge with selling a timeshare is that you have to accept that it will not be worth the same amount as what you paid for it when it was new. It is very difficult for a person to buy a used timeshare at the same rate as a new one, so it will never be able to recoup that initial investment. If you are not willing to accept this, then you should not try to sell your timeshare. Instead, you might look at other options for getting rid of the property, such as renting it out or exchanging it for a free trip to a different destination. For those who have purchased a vacation property at a highly sought after destination, it might make more sense to sell your timeshare to another buyer who wants to enjoy the same kind of experience you did when you first bought it.