5 Ways to Sell Your Timeshare

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5 Ways to Sell Your Timeshare

Sometimes owning a timeshare isn’t for you, and that’s okay! There are ways to sell your timeshare that won’t cost you thousands of dollars upfront. You must be careful of scams and red flags from companies offering an easy sell.

Instead, research your selling options! Know the ways to sell your unwanted timeshare. Read on to learn about five ways to sell your timeshare!

1. Use the Rescission Period

This method is only useful if you just bought your timeshare and are having buyers remorse. There is a small window of time where you can cancel your purchase called the rescission period. You can get a hold of the resort and file a rescission letter to cancel the timeshare and get your money back.

The rescission letters change depending on what resort you bought from. You can find everything you need to include in your letter spelled out in our timeshare contract. Make sure to include everything, otherwise, they will not accept your letter!

2. Use a Deedback Program

Once out of the Rescission Period and you find yourself wanting to sell your timeshare, you should call your timeshare company. As long as you are out of your mortgage period, you can call your home resort and ask about their exit strategy. In some cases, you can give your timeshare back to the resort.

3. Give Away Your Timeshare

If one of your family or friends has an interest in a timeshare, consider gifting the timeshare to them. You’ll want to have all the financial details handy before you talk to them, so you aren’t misrepresenting things. Don’t be afraid to do a little bit of marketing!

Show them the numbers that prove the timeshare’s annual fees are cheaper than booking the same vacation. Give them pictures of your ownership week, which you can calculate using this timeshare calendar! Pitch them exactly how timeshares work, and how they would enjoy having one.

4. Transfer To Another Owner

Sometimes, one timeshare isn’t enough. You can take advantage of that by transferring your timeshare to another owner at your resort who wants more vacation time. If you can find someone looking for that, then you won’t need an exit team or a timeshare lawyer.

You can find possible buyers through outlets like your resort’s Facebook owner’s group. Join the group and post all the relevant information about your timeshare. If all goes well, you’ll no longer have to worry about your timeshare!

5. Put Your Timeshare On the Resale Market

The resale market for timeshares is big and all it takes is a little work. Research prices for your timeshare, and list it for a competitive price. You can compare the prices for a timeshare and how much they sell on the market.

Ways To Sell Your Timeshare

There are more than five ways to sell a timeshare, some more complicated and costly than others. Remember to be wary of people asking for thousands of dollars upfront and other such holiday inn timeshare scams. There are many unscrupulous businesses out there!

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