Tips on Selling Your Timeshare

Below are tips and recommendations on selling your timeshare from the ARDA (American Resort Development Association):

1. Run advertisements on wide-reaching Web sites that provide an open marketplace so owners can obtain broad exposure for a small cost.

2. Think twice before agreeing to pay large fees up front to sell your resort property. Ask about any upfront fee and how it is used to sell your interval.

3. Do not necessarily expect to receive the same amount that you originally paid for your timeshare, particularly if you have owned for less than five years and the interest is not in a well-known resort location. Many factors influence the resale price including season, location, unit size and age. A timeshare should be considered a vacation, rather than a traditional real estate investment, although it is most often legally a purchase of real estate.

4. If you receive an offer by telephone, resist any pressure to make an immediate decision. Ask the solicitor to put details of the offer in writing and send the information. Obtain a written contract before making any payments.

5. Understand that, despite what some rental/resales companioes tell you, there are no guarantees that your vacation interest can be resold or rented at a particular price or within a certain period of time. Resale of property is not an overnight process. Do not expect immediate results.

6. Ask questions regarding the company’s background, history or resale success, and who will handle the closing.
 

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