How can I sell my timeshare without getting scammed?
Here are their recommendations:
- Do your homework, using the Internet.
- Don’t give information about yourself to any company that calls you, blind, to help you get out of your timeshare or maintenance fees.
- Don’t agree to pay large “up-front” fees to a timeshare resale company that offers to help sell your timeshare.
Is now a good time to sell timeshare?
For sellers, the timeshare resale market has always featured lower prices because of the nature of the product. As a licensed brokerage with agents working on commission, we are still going strong a year after the pandemic first hit so we wouldn’t be able to survive without buyers looking for timeshares.
Why is selling a Timeshare so tough? The main reason is quite simply, supply and demand. The supply of timeshare resales greatly exceeds the demand for resales. There are hundreds of Timeshares for sale right here on TUG, and eBay from owners who are just looking to get out of their annual Maintenance Fees!
Where is sell my timeshare now located?
Today, the company has offices in both Portsmouth, New Hampshire and Orlando, Florida and is a recognized innovator in the online advertising and marketing of vacation ownership and vacation rental products. We make it easy to sell, buy, or rent a timeshare on one easy-to-use platform.
Timeshare exit companies typically charge upfront fees ranging from $2,500 to $10,000 and promise a money-back guarantee if they don’t get an owner out of a contract within 12 to 18 months, although some firms work on a longer timeline of 36 months.
Can you just give back your timeshare?
Give it back: Contact the developer or resort management. Tell them you want to quit-deed the property back to them. In other words, you are willing to give away your timeshare in exchange for the future savings of not having to pay your membership.
Are There Any Legitimate Timeshare Resale Companies? YES. There are several legitimate timeshare resale companies. When you’re looking into selling your timeshare on the resale market, do your research.
How do you sell a timeshare that is paid off?
How to Sell a Timeshare
- Step 1: Revisit Your Contract. To start with, dig your original contract—and any other paperwork about the timeshare—out of your files to see exactly what you signed way back when.
- Step 2: Research Your Timeshare’s Value.
- Step 3: Try to Sell Your Timeshare.
- Step 4: Contact a Timeshare Exit Company.
Run an ad in the travel or real estate section of newspapers in the area where the timeshare is located.
Can timeshare be sold?
It is not uncommon for a timeshare resort to be sold. In fact, it happens often. Many times, when timeshare resorts are sold, it is to a new brand or developer. In this case, the current deeded timeshare owners’ contracts are typically grandfathered in and there is no drastic change.
There are two main types of timeshare ownership. With deeded ownership, you own the timeshare indefinitely; you can rent it out, give it away, leave it to heirs, or sell it at any time. With “right to use”, you can still rent out or sell your timeshare, but when your lease expires, the developer regains ownership.