Using a Professional to Sell Your Timeshare

Selling a timeshare can be an overwhelming and confusing experience. It requires special knowledge, expertise and access to the market that many people just don't have. Using a professional to help you sell your timeshare can save you from pitfalls, and give you peace of mind knowing you're getting a fair deal. Click here for more information about selling timeshares here!

One of the best things you can do to avoid getting taken advantage of when selling a timeshare is to use a reputable resale brokerage that has years of experience in the industry. They'll have access to resources that you won't, and can be more likely to get your ad in front of the right people.

A resale broker will list your timeshare, advertise it on the Internet and negotiate with potential buyers on your behalf. This can save you a lot of hassle and money, and is a good option if you don't want to try to go it alone.

Unlike a real estate agent, a timeshare broker will typically charge a commission rate on the sale of your vacation property. The rate will vary based on the size of your property and the company you work with, but it's usually more than you'd pay for a regular real estate transaction.

Another option is to sell your timeshare directly to a resort. Some resorts will match offers for a resale and buy your week back, or they may make it easy to sell your timeshare by converting it into points. If you decide to sell your timeshare directly to a company, you'll need to pay the maintenance fees for the current year as well as closing costs of about $500 to $750.

It's also a good idea to get advice from a reputable resale broker or from your resort before signing anything. You should always ask about any hidden fees and whether your resort has the right of first refusal to buy your timeshare when you resell it.

You'll also need to have a contract with the buyer that specifies what they will get in addition to ownership (e.g., use of this year's week?) and what you will receive in return. It's also a good idea to have an attorney look over the contract before you sign it.

If your timeshare isn't in the best condition, you might find that it doesn't sell for a price you're willing to accept. Some resale agents will help you clean up your unit to show it at its best, but you should do this on your own or with the help of a professional if possible.

The best way to sell your timeshare is to make it stand out from the crowd, get more details about this tactic here! You can do this by researching other timeshares in the area and finding something yours has that other options don't. You can then price your timeshare competitively, and you'll likely see more interest in it.

Be aware of "upgrades"

If you've ever attended a sales presentation, you know that representatives often try to convince owners that they can trade their timeshare for a different week at another property within their company's family. This isn't always true, and you should be careful if a rep tries to tell you this.

Get a general overview of the topic here: https://en.wikipedia.org/wiki/Holiday_cottage.