Selling Your Timeshare in 3 Simple Steps

Timeshare

There’s nothing quite like going somewhere new on holiday. Seeing new sights, meeting new people, trying new foods. With millions of vacation days going unused in the US, you don’t want to add to the statistic because you aren’t interested in going to the same old place again.

That’s the situation you could be in that’s leading you to consider selling your timeshare. That might be a daunting prospect since getting the timeshare in the first place was meant to make life simpler.

You don’t need to worry, though. With these three little bits of advice, you’ll be on the road to selling your timeshare.

Nail Down Your Contract Details

When you first purchased your timeshare, there will have been an accompanying contract with all of the specific details about it. You can’t expect to be intimately familiar with all of the finer points, so the first thing you should do is start reading it. You will need to be able to provide a future purchaser with all the information before any transaction goes forward.

One of the main points of interest in the contract will be the name on the deed. Access arrangements will also be vital to selling it, as prospective buyers will wish to know if their vacation times match up.

Before figuring out how to sell your timeshare, you need to ensure you know that contract inside and out.

Make Sure You Have an Accurate Value

Figuring out how to value your timeshare can be one of the most confusing aspects of selling. One piece of information to consider is that the resale price will be far lower than what you first paid. Exact numbers and percentages aren’t set in stone, though, so you might need to ask whoever you first purchased the timeshare from for advice.

If you don’t have a timeshare manager available to ask, you should consider looking online to get a rough idea of pricing. Plenty of websites like eBay and Craigslist will list them, and you can compare your timeshare arrangement to get a rough idea of the price. That’s one of the simplest timeshare tips that most people never consider when trying to decide on a price.

Selling Your Timeshare

Now that you’ve got the contract details and a rough estimate of the price, where should you sell your timeshare? There’s no definitive way to make this work best, and everyone’s mileage will vary.

One of the first options is to go with a resale company. The only issue is that timeshare reselling can be a cutthroat business, and some companies will demand exorbitant upfront fees. Be wary of any company that asks for a triple-digit figure to handle the sale, no matter how many claims they make.

Real estate agents are another option if you have one that you can trust to have your best interests at heart.

Once you’ve managed to get rid of your timeshare, it’ll open up all sorts of other opportunities. If you’re interested in another timeshare, you could even take a look at the Marriott legacy week booking windows.

A Weight off Your Mind

Selling your timeshare will feel like a weight off your mind if you’ve grown unhappy with it. These tips for selling your timeshare have hopefully managed to make the process a little easier. Managing to sell it will open up your options for a new vacation spot on that next holiday!

All of that extra opportunity will give you time to explore and travel to different places. We cover articles about travel on the blog, so keep reading if you’re looking for some tips on where to go next!

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About the Author: Andrea Parker

Andrea Parker is a reporter for Zobuz. She previously worked at Huffington Post and Vanity Fair. Andrea is based in NYC and covers issues affecting her city. In addition to her severe coffee addiction, she's a Netflix enthusiast, a red wine drinker, and a voracious reader.