How to Sell Timeshares
A timeshare is a condominium-type unit usually located on a resort. Owning a timeshare means that you will own the unit for a particular amount of time--anywhere from a few days to 2 weeks--throughout the year, usually up to 30 years. Some timeshares may allow a month's stay, but you would have to book that time period at least a year in advance.
If you need to sell your timeshare, follow the tips outline below.
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Instructions
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Educate yourself on the type of timeshare you have. Know about the area and what attractions are nearby, available transportation, size of unit, lockout unit (door between two units) and maintenance fees. Also take into consideration the location of the timeshare--is it a ski resort, which is best during the winter, or is it near a beach, which is best during the summer?
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Have paperwork prepared. Have mortgage information, tax records, and maintenance details. Determine how much to sell the timeshare for. Find out how much the other timeshares in the area sold for in order to get a better idea of what you can ask for.
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List you timeshare on various websites. There are websites that specialize in selling timeshares, such as vacationregister.com, that you can use to promote and list your timeshare for sale (see Resources below).
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Use Resort Developers to advertise your timeshare for sale. They are on-site sales people that focus on advertising to those that already own a share on that particular resort (see Resources below).
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Use direct marketing. This will be advertising by email, telephone calls and mail outs. Put ads in the newspaper, on websites and/or with a real estate agency.
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Get a lawyer. This person will draw up the paperwork and represent you at closing.
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Tips & Warnings
You will not be able to offer a different agreement than what you had signed originally. Get a lawyer to draw up the paperwork and represent you at closing.
