Selling timeshare is a common experience for many owners. Whether you’re looking to sell your vacation ownership property for an extra income or a quick fix to a financial hardship, there are a few things to keep in mind before diving into the process.
The first step is to get a hold of an experienced timeshare resale agent. They can help you determine the best way to sell your timeshare and assist in marketing it to the right audience. They can also help you with the legal paperwork necessary to transfer the timeshare from your name into theirs.
It’s important to choose a reputable company when selling your timeshare so that you don’t end up with a headache or costly mistake in the end. Look for a timeshare resale agent who has years of experience in the industry and is licensed to sell vacation properties.
They should have the expertise to understand your timeshare and be able to explain to potential buyers all the benefits of owning it, as well as its drawbacks. They should be able to help you determine how much it’s worth and help you set a fair price for it.
There are many reasons why people choose to sell their timeshares, but the most popular are a change in circumstance (such as a divorce), an unexpected death in the family or an increase in maintenance fees. Others include changing travel plans and wanting to make their timeshare more affordable.
Using an online marketplace to sell your timeshare is a great option because it allows you to advertise your property in front of a wide audience of potential buyers, including a large number of individual buyers who are actively searching for their ideal vacation property. Plus, you can receive expert assistance from the resale experts at the online marketplace to help you decide on a fair price for your property and guide you through the whole process.
Resale pricing for timeshares varies widely, depending on the season, location, unit size and resort age. The resale value of your timeshare should always be compared to other similar timeshares at the same resort and in the same condition, since all of them are competing for the same market share.
In general, a resale price for a timeshare should be 50% to 90% less than what you paid for it new. The resale price should also take into account the age and condition of your timeshare, as well as any upgrades or renovations you’ve made to your property.
You can use an online marketplace to sell your timeshare, or you can try to do it yourself. However, you’ll likely need a lawyer to help you with the transfer of your timeshare into another owner’s name and handle any of the legal paperwork associated with selling a timeshare.
It’s not easy to sell a timeshare, and it can be difficult to find a buyer who is willing to take on the responsibility of owning your vacation property. That’s why so many timeshare owners turn to eBay or Craigslist in an attempt to resell their timeshare for a fraction of its original cost.