How To Sell My Timeshare?

If you consider your timeshare a valuable investment, then you must have pondered on the question - "Can I sell my timeshare if I don't want it anymore?" Well, the answer is a clear 'Yes', so let us walk you through the gamut of timeshare resell options.

When you are looking at selling a timeshare do not expect to make a profit out of it. As more often than not, owners who purchased a new timeshare typically recover very little of the original sales price when they decide to sell it. A sale can be difficult to achieve if your unit is a studio, or the weeks are not in the prime seasons. The same is true for units in resorts that have not been properly maintained. Even large timeshare units with in-season or flexible weeks sell for only 30%-55% of their original prices.

Think - "What can I get out of my timeshare?" If your timeshare is part of a chain, where credits can be used for airline tickets or other accommodations, you may be able to recover a higher percentage of the unit's original price. Try to keep the pricing at a realistic level. Buyers are usually shown a list of timeshares grouped by resort. If other similar units are priced lower, then there will be very few takers for your timeshare. It is of utmost importance that you understand exactly what you are selling before you enter the timeshare resell market.

Do you have a deeded ownership in the property, or you have a Right-To-Use (RTU) the timeshare for a specified number of years? The value of RTU agreements decrease dramatically as they near the expiration date. The potential buyer will quiz you from all possible angles, so be prepared to answer the all queries, some of which might be totally unexpected. Being thorough with your research would be the only way to strike the right resale deal. Find all relevant documents pertaining to the timeshare, including mortgage information, tax records, and maintenance details.

A seasoned seller will be able to tackle the transaction more deftly than a novice. Get listed with a real estate agency. You'll find many online and offline agencies that will list your timeshare. Some charge an upfront fee, then a commission at the time of sale. Others work strictly on commission. Fees and commissions vary, and are typically higher than those charged for a traditional real estate transaction. Scan several agencies before zeroing in on a particular one. A piece of advice if you are selling a timeshare - Consider the option of renting before you decide to sell your timeshare.

Introduction To Timeshares

What's the difference between timeshare and vacation ownership?

- Can I sell my timeshare if I don't want it anymore?