What is the best way to sell my timeshare?

What is the best way to sell my timeshare?

Since timeshare is a special type of real estate, the best way to sell a timeshare is to go with a real estate agent who specializes in resales. The reason for this is because selling a timeshare requires different laws and regulations most of the time.

Is there a legitimate way to sell timeshares?

List the timeshare for sale on a consumer sales website, such as eBay or Craigslist. Use an online advertising site that specializes in timeshares, such as RedWeek or Timeshare Users Group. Sell your timeshare through a licensed timeshare resale company.

How can I sell my timeshare on my own?

How to Sell a Timeshare

1. Step 1: Revisit Your Contract. To start with, dig your original contract—and any other paperwork about the timeshare—out of your files to see exactly what you signed way back when.
2. Step 2: Research Your Timeshare’s Value.
3. Step 3: Try to Sell Your Timeshare.
4. Step 4: Contact a Timeshare Exit Company.

Is it hard to sell a timeshare?

IT IS NOT SIMPLE, OR EASY TO SELL A TIMESHARE REGARDLESS OF WHAT SOME PEOPLE WILL TELL YOU (usually right before they ask for your credit card information) but it can be done if you take the time to research the resale market and know ahead of time how to spot and avoid the scams!

Can you sell a timeshare on Craigslist?

Timeshares give owners joint ownership in vacation properties, often in tropical hotspots like Hawaii or Florida. You can also advertise your property for sale on sites like Craigslist or eBay for no or relatively low fees.

How much is a timeshare worth to sell?

Resale timeshares often sell for only 50% of the original price – some for as little as 20-30%. You can still sell your ownership easily, but you have to price your property competitively. Because there are so many similar properties and weeks on the resale market, the differentiating factor is price.

How can I sell my timeshare without getting scammed?

Here are their recommendations:

1. Do your homework, using the Internet.
2. Don’t give information about yourself to any company that calls you, blind, to help you get out of your timeshare or maintenance fees.
3. Don’t agree to pay large “up-front” fees to a timeshare resale company that offers to help sell your timeshare.

What paperwork do I need to sell my timeshare?

The sale isn’t official until those documents are exchanged.

• Social Security Proof. For sale of a timeshare, both parties must reveal a Social Security number.
• Earnest Money Contract. This contract details the exact information pertaining to the transfer of the timeshare.
• Deed.
• Title Insurance.
• Deed of Sale.

Are timeshares still being sold?

Some timeshare companies now just sell points that may be used to acquire a week or more at resorts all over the world. It’s still a growing industry. According to 2018 United States Shared Vacation Ownership Consolidate Owners Report, 7.1% of U.S. households now own one or more timeshare weeks.

How do I exit my timeshare?

Say no, hang up and move on to one of the following solutions.

1. Stop paying. Before you do this, take stock of your situation.
2. Offer it on the resale market. You’ll get little or no money, except perhaps for a premium timeshare in a higher-end chain like Disney, Marriott or Hilton.
3. Use a company to help you exit.