What is the best way to sell a timeshare?

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 hard is it 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!

How do I sell my timeshare by owner?

You can sell your ownership with a licensed brokerage without paying any upfront fees. However, if you are behind on your timeshare maintenance fees or have any outstanding dues, you will need to pay them off first. Normally, the buyer will pay for closing costs when making an offer on your timeshare.

Is it a good idea to buy a timeshare resale?

Timeshare resales are essentially timeshares being sold by owners that no longer wish to use their vacation ownership. One benefit of buying a timeshare resale is the immense amount of money you can save since timeshares rarely appreciate in value.

How can I legally sell my timeshare?

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.

Can I sell my timeshare myself?

If you decide to sell, you can do so by yourself or via several timeshare selling platforms, whose fees and services vary. Buying from an individual owner versus a property developer or resort often leads to a better price, as you can avoid some fees.

How much does it cost to get rid of a timeshare?

about $5,000 to $6,000
Costs to Get Out of a Timeshare On average, it costs about $5,000 to $6,000 and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.

Are timeshares still being sold?

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. That’s about 9.6 million owners or ownership groups.

Why are resale timeshares so cheap?

Most people trying to sell their timeshares aren’t businesses, and so don’t have those costs to recoup. This helps keep the prices low, even though they’re selling the same thing as the developer or resort. Additionally, businesses can afford to wait for a while to find a buyer that’s willing to pay a higher price.

How much does it cost to get rid of your timeshare?

Can I sell a timeshare that is not paid off?

Options When Selling a Timeshare You Still Owe a Mortgage On They may have in-house programs to relieve you of your ownership or help you out with annual fees, even if you have a mortage. Getting in touch with your lender can help you through the financial aspects of selling.

What is sell my timeshare now?

SellMyTimeshareNow, LLC is the leading provider of timeshare resale and rental services in the vacation ownership industry. With over 5.5 million visits to its family of websites annually, SellMyTimeshareNow.com is the world’s most active online marketplace for the purchase and rental of timeshare interests.

Is sellmytimesharenow a legitimate company?

Sell My Timeshare is a legitimate company that specializes in timeshare resale and rental services. Some reviews state that SMTN does not always sell the property as quickly as it advertises and the contract can be confusing, but there are no hidden fees and customers have the option to cancel. What does SellMyTimeshareNow do?

What are the perks of owning a timeshare?

Owning a timeshare comes with many perks—primarily access to a swanky resort in a place that you love. Instead of purchasing an entire property outright, timeshares allow you to own a certain amount of time per year in one condo or apartment (typically a week or more). The rest of the year, others own the timeshare and use it as they’d like.

What are the best timeshare rental sites?

SellMyTimeshareNow has more than 75,000 timeshare rentals and resales in their database and boasts partnerships with brands such as Marriott, Hilton, Disney and Wyndham. With more than 4,000 resort choices in 1,300 destinations, it’s one of the most popular timeshare services out there.