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Do you have a timeshare that you don’t want anymore for one reason or another? If so, you might be thinking about trying to sell it sometime soon.
You might not have any issues doing it. There are, after all, almost 10 million Americans who own timeshares right now. This proves that there is a market for timeshares out there.
But you might also struggle to find a buyer for your timeshare. If this is the case, you’ll need to get your hands on as many timeshare selling tips as possible to put yourself in a better position to sell your timeshare.
If you’re wondering how to sell a timeshare right now, we have some tips for sellers that should provide you with the financial help you need. Check out our timeshare selling guide below and put it to good use.
Start by Making Sure That You Want to Sell Your Timeshare
Are you 100% sure that you want to sell your timeshare right now? Before you read through any other timeshare selling tips, you need to be sure that you’re committed to doing it.
If you want to sell your timeshare simply because you had a bad experience the last time you used it, that might not be the best reason to do it. You could end up kicking yourself for making such a big decision after getting caught up in the moment.
Once you sell your timeshare, it’s going to be gone forever. So, you should make sure that you’re ready to sell it before listing it for sale.
Or, you can also get in touch with a timeshare exit company. As per the experts at Wesley Financial Group, a timeshare exit company can simplify the process and include more than merely using lawyers to advocate on your behalf.
Take a Look Back at the Contract You Signed When Buying Your Timeshare
If you decide that you’re prepared to sell your timeshare and part ways with it for good, the next thing you should do is look for the contract you signed when you bought it. This contract is going to provide you with all the information you’ll need about your timeshare.
The contract will tell you:
- What the exact location of the timeshare is
- Who holds the deed for the timeshare?
- How often you’re allowed to visit the timeshare, and when you can do it
If you own a timeshare at, say, a Hilton property, it’ll be important for you to know which “season” that your timeshare is for. You should learn more on Hilton timeshare seasons to gauge how valuable your timeshare might be.
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Figure Out What Your Timeshare Might Be Worth Right Now
One of the things that might help you decide whether or not you’re going to sell a timeshare is its value. You might not be as gung-ho to sell a timeshare if you find out it’s worth next to nothing. In this case, you may want to hold onto it.
But even if that’s not the case, it’ll be imperative that you check to see what your timeshare is worth at some point early on in the selling process. It’ll give you a better indication as to what you should ask for when selling your timeshare.
You can see what your timeshare might be worth by:
- Checking out similar timeshares that are for sale right now
- Asking a real estate agent what your timeshare is worth
- Researching what timeshares in your resort have sold for recently
You don’t want to slap a price tag on your timeshare that is too high or too low. It’s why you need to find out what it’s worth so that you can price it accordingly.
Get Caught Up on All the Various Payments Related to Your Timeshare
There are a lot of different fees that you will face when you own a timeshare. You’ll have to pay:
- Maintenance fees
- HOA fees
- Incidental fees
- And more!
If you’re behind on any of the payments for these fees right now, it would be a good time to change that. No one is going to want to buy your timeshare from you and then have to cover a bunch of expenses that you should have covered yourself.
You should make it your mission to get caught up on all the payments that need to be made on your timeshare. It’ll make your timeshare more appealing to those who might be interested in taking it off your hands.
Decide How You’re Going to Try to Sell Your Timeshare
When you reach this point in the timeshare-selling process, it’ll almost be time for you to list your timeshare for sale. But just before doing that, you’re going to have to figure out how you want to try to sell it.
There are a handful of options for those interested in selling a timeshare. You can:
- Attempt to sell a timeshare on your own by listing it for sale and marketing it by yourself
- Hiring a real estate agent to help you list it
- Listing it with the assistance of a timeshare listing company
- Offering to sell it back to the resort that sold it to you
You’re more than welcome to take whichever approach you want to take to sell your timeshare. You should put some thought into it and choose the option that you think will work the best.
Look for the Right Place to List Your Timeshare for Sale
If you’re going to list your timeshare through a timeshare listing company, you’re going to find that there will be no shortage of options out there. Since so many people own timeshares these days, timeshare listing companies are everywhere.
With this in mind, you might be tempted to pick whichever timeshare listing company you can find first and choose to work with them. But you’ll be making a big mistake if you do this.
You should instead do your homework on the various timeshare listing companies that are available to you. You should see which ones have the most experienced in the industry. You should also see which ones have the best reputations among timeshare owners.
You’ll increase your chances of having a good experience with a timeshare listing company by looking around for the right one. It’ll make selling a timeshare go way smoother than you could have ever imagined.
Be Patient as You Set Your Sights on Trying to Sell Your Timeshare
The real estate market in the U.S. has been on fire for the better part of the last year. As a result, people have been able to sell homes in a matter of just days and sometimes in a matter of just hours in certain cases.
This might lead you to believe that you’re going to be able to sell your timeshare in no time at all. But more often than not, this isn’t going to be the case.
There are a whole lot of people trying to sell timeshares right now. And because of this, you aren’t going to be able to sell a timeshare overnight in most instances.
It might take you weeks or even months to unload a timeshare that you don’t want anymore. You might get frustrated after seeing just how long it can take to sell a timeshare.
You should try not to lose your cool at any time while attempting to sell your timeshare. Instead, you should remain as patient as possible and give your timeshare the time that it needs to sell.
You should also kick around the idea of switching up your approach to selling your timeshare if you notice that it’s not getting much attention. If you’re trying to sell it yourself and not getting many bites, turning to a real estate agent or a timeshare listing company for help might be the right move to make.
Whatever you do, don’t let the lack of interest in your timeshare dampen your mood. As long as you keep at it and utilize the timeshare selling tips found here, you should be able to do what you set out to accomplish in the beginning.
Use These Timeshare Selling Tips to Sell Your Timeshare Once and For All
When you first bought your timeshare, you might have loved the idea of having it. But now that you’re a little older, you might not want to have a timeshare hanging over your head.
Regardless of why you want to sell your timeshare, you should be able to do it by using the timeshare selling tips that we’ve listed. They’ll guide you in the right direction as you try to unload a timeshare.
Want to get more tips on selling timeshares and other pieces of real estate? Find them by browsing through our other blog articles.
