How to Sell a Timeshare

Contributor

By schatbot
eHow Contributing Writer

Article Rating:

(4 Ratings)

When you're tired of the maintenance fees, trade out hassles, and just plain not using it, this is how to sell your timeshare.

Difficulty: Easy

Instructions

Things You'll Need:

Phone
Computer

Sell Timeshares Through a Company

Step 1

Call up your timeshare corporation and inform them that you wish to sell your timeshare. Demand to speak with the lead or senior sales agent. This way you guarantee they are not just following protocol. If you can, go in person.
Step 2

Many corporations attempt to use leverage marketing against time share re-sellers. They will make the opposite arguments about the value of timeshare investment when you attempt to sell it as when you purchased it. This will include supply and demand, devaluation, recessions, etc.
Step 3

You are the sales person. Have a pitch, take control and get what you want.
Step 4

During your sales pitch, cite very specific examples of why you are selling. If it was poor service, run down rooms or whatever, it is in your best interest to tell them about their problems. Because many timeshares paint a better picture than reality, it is your job to let them know you feel cheated, robbed and lied to.
Step 5

Do NOT settle on the first price they quote you. They will continue to try to sell you on a low-ball price. When you bought the time share, they sold it to you with a buyout price buffer zone, so that even if you sell it back at the real value, they still profit.

Sell Your Timeshare Through a Dealer

Step 1

Conduct a cost benefit analysis of the fees and commissions taken by a timeshare dealer. Often, the difference is less than a thousand dollars, and involves nearly a year of listings.
Step 2

Keep in mind it is in their interest to get a lower price for your timeshare. They want to sell it for a profit just like the resort or corporation did.
Step 3

Select a reputable timeshare dealer. Many organizations will charge for listings but do very little work to sell your timeshare. Many potential sellers simply wait and wait in the vain hope of the agency selling their timeshare.
Step 4

The agency sale will give you an estimated selling price, and as time goes on, this price will drop. Just because you've selected a timeshare dealer does not mean you are stuck with them. It's your investment--protect it.

Comments

starlet67 said

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on 5/25/2009 Well written article with great tips for selling a Timeshare!5*

gothceltgirl said

on 3/9/2009 srhgompf I know how you feel, I too have the same sitch. I bought a time-share which I was never able to use

on 8/18/2008 I wish I would have read this article before I defaulted on my timeshare last month.

I've thrown away lots of money in my lifetime, but when I did, I had fun doing it. I never used my timeshare. I bought the cheapest one, and all the extras they used as selling points turned out not to be applicable to it. What a rip off.

Nice article.