How Do I Sell My Timeshare?

If you're the owner of a timeshare that you no longer need, you may be wondering 'How do I sell my timeshare?' While selling anything takes some work, the good news is that there are lots of options when it comes to selling a timeshare. There are some factors to consider before deciding to list your timeshare for sale.

First, you'll need to be clear on the value of your timeshare. If you have a Right-to-Use timeshare that is for a particular number of years, you're probably not going to get quite as much as you hoped. This is especially true if your agreement is nearing its end. Often, buyers interested in a timeshare are given a listing of various offers for the resort they've chosen. You can imagine that most any buyer is going to pick the cheapest offer, so keep your pricing competitive.

Many people choose to go with a real estate agent when selling their timeshare. This can be a good idea, because after all, it's the agent's job to sell your property. Real estate agents often have access to resources and information that you may not. Before going with an agent, do a little background research to make sure the company you're dealing with is legitimate.

Others choose to sell their timeshares in a different way. Often, you can find interested buyers by listing your advertisement in newspaper classifieds, real estate advertisement papers, and pennysaver papers. If you can't find any interested parties this way, you could always hop online. There are a variety of sites out there that allow you to list your timeshare for sale, often for a fee. Before giving anyone any money, make sure you understand what you're getting. It also helps to check with the BBB (Better Business Bureau) to make sure no complaints have been registered.

Then, there are companies who only sell timeshares. Sometimes, they will resell your timeshare for you. Other times, they will purchase your timeshare at wholesale price. Make sure you fully understand all details of any agreement you're offered before signing anything. You might even want to retain an attorney to look over all the paperwork. While there are plenty of legitimate timeshare resellers, there are also those that aren't so trustworthy.

Copyright 2006 Jim Sterling - All Rights Reserved

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