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How to Sell My Timeshare Myself

Owning a timeshare may sound great, but for many, that doesn’t last. It could be that owners have annual maintenance fees, it can be impossible to make reservations, and almost everything the salesmen say is a lie. Often, timeshare buyers are disappointed with their purchase, which leads to the idea of reselling it.

Selling a timeshare by yourself may seem daunting. But if you can take on the challenge, this guide is for you.

Five Steps to Selling a Timeshare Property

No matter the reasoning, it’s critical to understand the intricate resale process to avoid another trap. Let’s look at the five easy steps to sell a timeshare before answering a few frequently asked questions.

Step 1: Look Over the Timeshare Agreement

Start by locating the original paperwork to confirm the details. This information will determine the property value and make listing it for sale more effortless. Physical information includes the name of the timeshare developers, resort location, unit size, and amenities. 

Also, check if you have a deeded or right-to-use timeshare agreement. If deeded, ensure you possess a physical copy of the deed, not the resort. Next, define the travel arrangements. Is it a fixed-week, floating-week, or points-based timeshare? You'll need this before moving on to the next step.

Step 2: Determine the Timeshare's Market Value

Be realistic and consider the buyer’s position when pricing timeshares in the secondary market. Owning a timeshare is a lifestyle preference, not an investment. Resale timeshares often sell for a portion of their original cost, which doesn’t include the annual maintenance fees. Holding out for a sale equal to the initial price could backfire. 

A practical starting place is comparing to other sellers with timeshares of resemblance to yours. That gives timeshare owners an idea of their property’s market value. Then, it’s a matter of choosing a price that balances the value with return ambitions. A timeshare set at a competitive price will be resold first.

Step 3: Find a Marketplace to List Timeshare For Sale

Where a timeshare gets listed for sale is a huge deciding factor. As reselling timeshares becomes more common, the number of places to list them increases. Alas, be cautious. Potential scams seeking upfront fees are prevalent and cannot be trusted.

Resellers flock to sites such as eBay and Facebook Marketplace to at least compare prices. While these are options to resell, understand that their customer service teams are not experts. To list a timeshare for sale, consider the advocacy organization Timeshare Users Group as a resource.   

Step 4: Impress Potential Buyers

Once you know the marketplace, it's time to find buyers. But here's the catch, there's already a host of other timeshares on the market. To circumvent the competition, create a listing that stands out. Without being deceitful, impress buyers with what attracted you to the timeshare in the first place.

Celebrate all that is great about it in the listing. Is it beachfront? Does it offer serene views? What are the amenities? Is the unit large enough for a family vacation? And show all of this through high-quality photographs. Just because the timeshare wasn't perfect for you doesn't mean it can't work out for others.

Step 5: Beware of Timeshare Resale Scams

It can be challenging to distinguish scams from trustworthy lawyers and real estate agents. Some signs will give fraudulent resellers away. Making unsolicited calls, asking for money upfront, and deciding on short notice all signal a possible scam. 

A trustworthy resale business will not make contact without consent and will not urge you to prepay a lump sum. Ignore the random phone calls which claim to have a buyer on the other line. As soon as you pay them, they’ll likely disappear. These scam artists sometimes go to extreme lengths to sound convincing, so beware.  

Frequently Asked Questions About Selling Timeshares

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Can Real Estate Agents Sell Timeshares?

Considering many timeshares are deeded agreements, meaning you received an actual deed to the property, real estate agents can sell them. Regardless, not everyone in the industry is familiar. If hiring an agent, choose one already experienced in reselling timeshares.

Pricing a Timeshare

With resorts worldwide and 52 weeks of the year to choose from, every timeshare differs. Hence, the value of these properties varies. Alas, timeshares lack one key investment component: their value doesn't appreciate. For many owners, saying goodbye to the monthly payments and annual maintenance fees is enough of a return.

Can I Sell My Timeshare Without Upfront Fees?

It’s best practice to avoid timeshare resale offers that require upfront payments. The seller should pay outstanding past dues for maintenance fees and special assessments, nothing else. The buyer covers the closing costs. While you can’t expect much in return by reselling an unwanted timeshare, don't let upfront fees diminish the profit.  

Alternatives to Exiting a Timeshare Agreement

Reselling a timeshare isn't simple, albeit it isn't the only option. Former owners have benefited by giving it away or donating it to a charity. It's also common for owners to rent the units. While these options have worked in the past, none are guaranteed. As of late, another opportunity has made a name for itself. Timeshare cancellation companies assist owners who have been lied to or misled by resort vendors into their purchases. If so, a cancellation company may be worth the consideration.

Wesley Financial Group, LLC*

One timeshare exit company, in particular, is Wesley Financial Group, LLC ("WFG").* It is one of the top cancellation companies, founded by a pioneer of the industry, Chuck McDowell. With more than a decade of experience, over 16,000 timeshare cancellations to date, and reliable staff, WFG meets all the necessary criteria.

If you're having issues selling your timeshare or prefer not to deal with the burden of possible scams, consider contacting WFG about the professional termination services. You could be next to reach financial freedom.

*Wesley Financial Group, LLC, and its affiliates, successors, or assigns are not lawyers or a law firm and do not engage in the practice of law or provide legal advice or legal representation. All information, software, services, and comments provided on this site are for informational and self-help purposes only and not intended to substitute for professional advice, legal or otherwise.

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