Selling Timeshares

There are several reasons why you may be thinking about selling your timeshare.  Maybe you are losing privileges at the location where the timeshare is located.  This can make fractional ownership less attractive. 

Are your maintenance fees continually increasing and making it no longer affordable for you?  In this case, you may want to unload your timeshare ownership to avoid all the increasing costs associated with it.  Some people do not use their timeshare as they probably should.  In this case, the expense of the timeshare purchase is not justified because you are not even using the property at all.

In some cases, timeshares are inherited from the death of someone who owned a timeshare.  However, maybe you as the beneficiary are just not interested in owning the property and would like to sell it instead.  Or maybe you just feel like it is a good time to sell your timeshare and that you could make a profit off of it (this would be a very rare circumstance).

These are just a few of the many reasons why there is a very large market for selling timeshares.  This is good news if you are selling.  There are many reputable companies that can help and make the process easier and the most profitable.   When measuring profitability, keep in mind how much you have gained by using the timeshare.  Typically, it is considered a good deal if you can sell a timeshare for what you paid for it.  In this case, it is profitable because you were able to enjoy the property and therefore you got more out of it than you put into it.

The best case scenario for selling a timeshare would be to find a licensed agent that does not charge any fees upfront for listings and appraisals.  These agents work just like any other real estate agent and they make money only when the deal is closed.  This offers the seller the guarantee that the agent is going to sell the property as quickly as possible and for as much money as possible.  Obviously, this is because the more money they can sell the timeshare for the more money they can make.

So if you have invested into a timeshare and have decided that you want to sell it, go ahead and start researching agents.  It is always possible that you could sell the timeshare on your own, just like a home can be sold “by owner”.  This would of course save you real estate fees. 

There are pros and cons for selling a timeshare by owner as well as with an agent.  These issues will be continue to be discussed on this website.