When you purchased your timeshare, you probably never really considered that there might be a day in the future when you’d want to sell it. The reason for selling could be one of many. Perhaps your health has deteriorated, and traveling is just too much of an effort. Or, perhaps you have made a permanent move into the area in which your timeshare is located, and since you now live in paradise, you have no need for a timeshare there. Maybe you’ve found that the system in which you own your timeshare is just too complicated, or takes too much planning in advance. Perhaps you feel that the maintenance fees are too much of a financial burden.
Whatever your reasons for wanting to sell, rest assured that you are not alone. Many people come to the conclusion that they would be better off without their timeshare, just as many people decide they want to sell a house, or a piece of property.
However, unlike those other items, a timeshare is going to be worth significantly less than what you paid for it when you go to sell it. You need to realize that you can only recover somewhere between 5-10% of the original cost, if that. Even if you purchased your timeshare on the resale market, given the current economic conditions you can not expect to get what you paid for it. Some timeshares, like Disney Vacation Club, sell for higher prices because Disney can exercise the right of first refusal (ROFR). This means that if they feel the offer is too low, Disney will buy it back for that price, and the buyer is out of luck.
Possibly after researching what you might get for your timeshare, you might better learn how to use it and enjoy some wonderful vacations. We love timesharing and on this site we try to help people get the most out of their timeshares. Think about it! But if you have given it some thought and decided to sell, what is the best way to accomplish your goal of selling your timeshare?
1. Sell it to family, friends, or coworkers. If you enjoyed it, why not let others know how you used it for great vacations and they also can enjoy great trips. Talk to family members, friends, and people you come in contact with and see if any of them are interested. Post it at work, in church bulletins, etc.
2. Try to sell it locally. List it on Craig’s List. Put an ad in all local newspapers and on the radio in your area and surrounding towns. You might just get lucky.
3. Sell it to someone at your resort. If you go to your resort, talk to people and see if anyone is interested. People have sometimes announced at a welcome breakfast that they have a week to sell. Also, people have posted a sign or even a 3×5 card with the information around the resort.
4. Contact the resort. They often have a newsletter where they list weeks for sale. Also, many resorts have a local realtor that does resales for the resort.
5. Sell it on eBay. We have written a post on selling your timeshare on eBay that you should read. Just click to read that post.
6. Post it on some timeshare sites. They might cost you a little to run an ad, but again you might just luck out. Try Tug, Red Week, Bid Shares or Vacation Timeshare and Rentals.
7. Contact some timeshare resale companies that will work with you to sell your timeshare. DO NOT pay any fees upfront. There are many timeshare people and companies who are a big rip off. They take your upfront money and run and you are left with your timeshare and loss of your money. Talk to people who have sold or bought with some of these companies and go with one that gets a good report.
It really is possible to sell a timeshare, but it is not easy. You might also consider donating it to a charity organization. Yes, you’d be out the money that you paid for it, but at least you’d be free of the maintenance fees. Good Luck!
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{ 2 comments… read them below or add one }
I would more information on buying and selling timeshares
sacredhands51@yahoo.ca
If there is something specific we can help with, please let us know. Otherwise, continue reading our website and all the recommended websites on the right side of this page. Barb