Tips for Selling a Timeshare

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When selling a timeshare, be sure to advertise the timeshare in a truthful fashion. Learn about the exorbitant fees that can come with a timeshare with help from a registered financial consultant in this free video on money management and financial advice.

Part of the Video Series: Money Management
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Video Transcript

This is financial adviser Patrick Munro talking about tips for selling a timeshare. Timeshares are a lot of fun to have if you're an individual who enjoys vacationing. Many times these timeshares are ways to enjoy other parts of the world because they can be inserted into an exchange program and you can travel the world, and stay in a different time share as a result of that. But when it comes time to sell your timeshare, make sure that you advertise it in a truthful fashion. Make sure that you have an attorney close the sale. Make sure that the new purchaser's aware that they have to pay the maintenance fees on your timeshare on an annual basis, which is one of the major reasons why people end up selling their timeshare is that these fees can be quite exorbitant, going forward. If you are concerned about taking on the burden of selling the timeshare on, by yourself, you can hire an agent or a company that will represent you and they have a package, and for a fee, they will take all that selling activity off your plate so that you will be delivered a net check after everything is done. This is Patrick Munro talking about tips for selling a timeshare.


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