How Do You Sell Your Timeshare? A Brief Guide

Did you know that more than 9 million people in the United States own at least one type of shared-vacation property?

Timeshares are a great way to explore a place that you love, but at some point, the investment may no longer make sense.

If you are itching to explore the rest of the country but can’t find a way out, there are a few steps to take. 

Keep reading to learn about the basic steps to sell your timeshare so that you can find a new destination to fall in love with! 

Study Your Contract

One of the first steps to take if you want to sell your timeshare is to study your contract. 

Reviewing your contract will help you prepare your timeshare since all of the conditions about selling are stated within. Find your original contract since you will need it during the selling process. Take a look at who the deed-holder is on the property since they (or you) will be required to sell. 

Even when the deed is in your name, it still might fall under a resort or trust company’s control. 

Find an Agent 

If you want a timeshare cancellation, you should consider working with an agent.

Certain agents have experience with timeshares and understand all of the contractual agreements. They also know the market and have a strong network within the industry, which provides you more of a chance to make money. 

Your agent can help you conduct a market analysis to determine the best price for your property. Not only do they factor in your local community, but also all of the amenities within the home. 

List Your Timeshare

Whether you want to rent out your timeshare or list it for sale, it needs to get shared with the public. 

Many people recommend that you list your timeshare for free online to save on costs. Your agent can also assist with listing the property and ensure that the best buyers get the chance to visit the property. During this time, you may have to invest in a photographer, which will be beneficial to online ads for the timeshare. 

Accept an Offer 

Most interested buyers will have their agent contact your agent to discuss an offer. 

Depending on the location of your timeshare and the activities offered, some people might be willing to might a higher offer. Think about your timeline and try to find an offer with the least amount of contingencies and the most profitable for your family. 

Is It Time to Sell Your Timeshare? 

If you have been visiting the same place for a decade, you might want to sell your timeshare. You need to hire the right agents or companies and be careful with timeshare resales scams.

You can gift your timeshare, but most people will make a wonderful offer that could set you up for your next home. By working with an agent and understanding your contract, you can make some money and open up chances to explore the world. 

Don’t be afraid to put up your timeshare for sale, it should never feel like a ball and chain. 

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