You don’t need to pay a timeshare postcard company $ 3,500 to take your timeshare. You can sell it yourself online or in your local paper. As long as your understand what your timeshare is really worth and have a little patience, selling it yourself won’t be a problem.
One of the biggest problems that timeshare owners have is that often they don’t understand what their timeshare is really worth. You may have paid a lot of money when you bought it from the developer, but once they sell out a property, the floor for prices drops out. This can leave you with a timeshare that is worth pennies on the dollar compared to what you paid for it.
If you are determined to get rid of it, it pays to find out what that timeshare is now worth. You can look up prices paid for timeshares on eBay. If you find your own resort, that should give you exact figures. But if you can’t find your own resort, look for comparable resorts in the same destination. That should give you some numbers to start with when you think about pricing your own listing.
When you are ready with a competitive price for your timeshare, eBay might be a good bet for you if you are comfortable with the format. They have an escrow system set up so both the buyer and seller are safe. You can also post a listing on Craigslist or use your local newspaper or Pennysaver.
Then it is only a matter of exchanging title and making sure all of the paperwork is handled properly. Contact your timeshare home office and find out what they need to transfer title to a new owner. With many points-based timeshares, this is very easy.
In the case of a deeded fixed week, you may want to hire a timeshare closing company to handle the paperwork as they will save you time and make sure you have all the correct paperwork. Just like when you buy a house, there is a lot of documents involved in the process. Alternatively, a real estate lawyer can help you with this part of the sale as well.
Even while selling your own timeshare, it makes sense to use professional services for the legal documents. This will make your buyer more comfortable with the process and you will be able to make sure you are complying with the law.
When I was getting ready to sell my timeshare, I searched eBay prices for completed auctions first. These are the timeshare selling tips that I followed.