sell my timeshare

57

By kadera

 Okay, recent trends in the real estate market may say that now is a difficult time to sell.  Well good thing timeshares have nothing to do with the real estate market right?!

 

That was supposed to be a joke because there is a common misconception that timeshares are a real estate investment.  This is so far from the truth.  In fact, there are government agencies that are working to make it illegal for those marketing timeshares to market or try to sell them as a real estate investment.

 

They are a vacation investment!  The great thing about owning timeshares is that you truly can get a better deal on a vacation with a much more homely feel.

 

Some people are not interested in timeshares because they do not want to travel to the exact same place every single year.  However, it is possible to trade timeshares usage with others from all over the world.  Now, when you are talking about international travel using a timeshare is often the most affordable way to go. 

 

There are many reasons why you may want to sell your timeshare, as described by the nice lady in the video below.

 So who really cares why, you want to sell your timeshare.  Anyone in the industry will tell you that there are two important aspects of selling a timeshare.  First of all, you need to price it right or it will never sell.  Second of all, you need to market it so that your buyer can find it. 

 

This is a very informative video that touches on these issues.

 

Because you are probably not a timeshare expert, it is advisable to use a company.  Of course, you absolutely do not have to and I am not affiliated with any timeshare resale company.  However, there are some strong arguments in support of using a company.

 

First of all, it is helpful to have someone that can help you price your timeshare appropriately.  Secondly, you need to market your timeshare effectively.  Lastly, these companies will help to broker the transaction (similar to a real estate transaction) and deal with the contracts, paperwork, money, and legal issues.

 

I am not going to go on and on about timeshare resale companies.  Hopefully you will do your own research and find a company that works for you. 

 

However, be wary of upfront fees.  This is never a good sign.  If a company does charge an upfront fee, then find out what their guarantee is.  Will they refund your money if your timeshare does not sell?  Some of these companies that request upfront fees are legitimate, some are flat out scams and will disappear from the face of the earth, and there are many in between.

 

Secondly, consider and try out Ebay and Craigslist before you use a company.  It is kind of like sticking your used car at the corner with a sign to try and sell it before you go and trade it in.   Ebay and Craigslist are so huge these days that even the big companies are using them.  So you will be saving the cost of the middle man if you list here yourself.

 

Comments

justinskier profile image

justinskier 2 years ago

GOOD ! check out mine when you have a chance.

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