Everything You Need to Know About Selling a Timeshare
Timeshares appear attractive on the surface and entice many people into buying them.
Although the right timeshare can provide a lot of value to its owner, people often want to get rid of their timeshares for various reasons but don’t know how.
If you have a timeshare and don’t know what steps you should take so that you can sell it, you are likely feeling stuck and as though you don’t have many options. The following guide will show you how to reach your goal as quickly and easily as possible.
Why People Want to Sell Timeshares?
Before you decide to get rid of your timeshare, take a look at the most common reasons that people follow this path. You can compare their reasons to your own if you want to decide whether or not you are making the right call.
Timeshares are Often a Waste of Money
Most people buy timeshares because they think it’s a great way to save money on vacations. You pay an upfront fee and can use the timeshare for a certain number of days each year. The problem is that most buyers are unaware of the maintenance fees and other hidden costs that come with ownership. Depending on the terms of your agreement, owning a timeshare can be a waste of money.
People Can’t Always Use Their Timeshare
The amount of time for which you will own rights to the timeshare will depend on your contract. Some timeshares are available for five years, but you can get some that have no expiration date.
If you buy a timeshare that is a good deal but your situation in life changes, you might not be able to use it. For example, you could get a new job that is more demanding than your last one, or other obligations might prevent you from enjoying your timeshare.
People are Often Dissatisfied with their Timeshare
Timeshare marketers are good at what they do and can convince many people to sign contracts that don’t make sense for their needs or budget. Some of the features and benefits that a timeshare marketer promises could be a limited offer, and you might need to pay extra fees to continue using them. Rising maintenance fees and poor customer support are additional reasons that people become dissatisfied with the timeshares they buy.
How to Sell a Timeshare?
If you have decided that you no longer want your timeshare, you can try several things to get rid of it without problems. Review the following methods and decide on one that fits your needs.
Most people have heard of eBay or have used it to sell clothes, toys, electronics, and more. But not everyone knows that eBay allows its users to sell timeshares to interested buyers.
If you choose this path, you might not get as much for your timeshare as you paid for it, but it’s a great way to get it off your hands. With a high-quality camera, take compelling pictures of your property to encourage people to bid on it.
Use Newspaper Listings
While a lot of sellers use the Internet to market their timeshares, you can stand out by putting an ad in the local newspaper. Highlighting the top benefits of your timeshare and selling it at an unbeatable price will help you attract prospects who might want to take action. Targeting wealthy cities and business districts will work wonders for improving your odds of getting someone to buy your timeshare.
Use Facebook Advertising
Facebook is a great way to get your timeshare in front of hungry buyers as long as you use the right process. You can target your advertisement based on the age, location, spending habits, and interests of your prospective buyers. Displaying your ad to people who have already shown an interest in timeshares or other vacation properties will allow you to enjoy the best possible results.
Contact a Real Estate Agent
Going through a real estate agent is one of the most effective ways to market your timeshare property. An experienced agent can connect you with people who are looking for vacation properties and can help you get rid of your unwanted property before you know it. Ask your real estate agent about fees and other service charges so that you will know what to expect.
Give It Away
If you have tried all of the other options without much luck but still want to rid yourself of the timeshare, you can give it away. Your first step is to contact the company from which you bought it to see if they will take it off your hands. You can also market your timeshare for free on Facebook and other online platforms when you want to get rid of it as soon as you can.
Not only can you sell your timeshare on your own, but you can also work with companies that will help you get a fair price for your property. Even though you won’t be able to get as much for your timeshare as you paid for it, using a third-party company is a nice way to get rid of an unwanted piece of property.
Accredited by the Better Business Bureau, Timeshare Luxury is a trusted company that helps people market their timeshares. If they are unable to connect you with a buyer, they will even provide you with resources that will help.
PMG has a team of timeshare experts and legal professionals who will use consumer protection laws to get you out of your contract with as little stress as possible. No matter the length of time for which you have owned your timeshare, the caring team at PMG can give you a hand.
Give Back Timeshare
When you need a team that can answer your questions seven days a week, Give Back Timeshare could be the company that you’ve been looking. They will speak with your timeshare resort on your behalf, and they can even help those who still owe money on their timeshares.