Do you need to sell your timeshare? Are timeshare fees killing you? Ready to trade-in your resort?
I’ve been there too! I owned a timeshare in Hawaii. I needed to sell it after losing my job. I’m glad to say I was successful and sold it in just 1 week! Here’s what I did and I hope that it can help you too.
You need to price your timeshare well given today’s soft housing market. Establish a baseline by gathering the actual sales prices for other units in your resort and then speak to brokers to get a pricing opinion. This will help you triangulate a rough price point.
Second, try inexpensive advertising methods to sell your unit. It’s a great idea to advertise your timeshare at your resort, such as on their public bulletin board, club or newsletter. This will get your advertisement in front of renters, very good prospects for your timeshare.
Third, consider working with a timeshare resale brokers. This is the route that I went to get my timeshare sold in a week. Work with licensed real estate brokers, who typically charge a commission on the sale. I was hesitant to work with agents that wanted upfront money, but your experience may vary.
There are lots of timeshare scams to look out for so be careful. Some shady agents might ask for upfront money to do an appraisal, which really shouldn’t be necessary to list a timeshare for sale. Another know scam is when companies say they want to buy your timeshare but first want you to get an appraisal from an independent appraisal company that they recommend for a kick-back. My advice is to pay for performance, which means a commission on the sale just like a normal house or condo.