The purchase of a timeshare week is often a lifelong commitment, but sometimes the need arises to sell the ownership. If you are unable to pay your maintenance fees or you no longer use your vacation ownership, don’t worry. Looking for options for how to sell your timeshare week? There are many experts who can assist you during the process. When looking to sell your timeshare week, a timeshare resale marketplace is a great place to do so. Keep reading to learn how to start selling!
Is It Time To Sell Your Timeshare Week?
Before we discuss selling your timeshare week, it’s important to note that there are options for getting more out of your vacation ownership. Perhaps you are selling because you don’t want to visit the same place at the same time every year anymore, but you can do much more than that with your vacation week ownership!
Vacation Exchange Networks
If you feel like you’ve experienced everything at your resort or don’t feel as excited to use your timeshare week, maybe a vacation exchange could be right for you. With vacation exchange programs like RCI or Interval International, owners can trade their timeshare week for a vacation at a different resort. This is a great option for people who still want to use a timeshare week but want a new experience. Vacation exchange networks are affiliated with some of the top brands, such as Wyndham, Marriott Vacation Club, and Disney Vacation Club, so you’re most likely already eligible to use their services. Check with your resort or developer to find out which vacation exchange company your ownership is affiliated with.
Read More: Timeshare Exchange: Points-Based vs. Deeded Weeks!
How to Rent Your Timeshare Week
A great option for when you aren’t able to use your timeshare week is to rent your timeshare week out! Our Timeshares Only rental specialists can help you post your timeshare for rent and then you’ll receive the proceeds. Your timeshare week will still be getting good use and the money you get by renting it out can even help pay for your maintenance fees! Plus, when you want to use it again, it’s still yours! If you’re nervous about seller’s remorse, this might be a great option for you! Or, if you have already decided you want to sell your timeshare, renting allows you to put some money back in your pocket while you wait for it to sell.
Here are the steps to rent out your timeshare week:
- Check with your developer to see if guests can use your timeshare week.
- If they say yes contact one of our Rental Experts. Give us a call at 1-800-610-2734 or email us at info@timesharesonly.com!
- Select a price for your fixed week timeshare. We recommend that you price it competitively, but the final price is ultimately up to you. When you speak with the representative they will give you tips and advice on pricing.
- Our team will create your ad so we can begin finding renters for you.
The Best Way To Sell Your Timeshare Week
We understand that circumstances change and that life gets in the way, which may affect your ability to use your timeshare or pay your fees. If this is the case and you are looking to sell your timeshare week, there are a few different ways to do so.
Our first recommendation is to always contact your developer first. The developer or resort may have in-house options for selling your timeshare week back to them directly. Typically, your maintenance fees must be up-to-date or your timeshare must be paid off to sell back to a developer.
Timeshare Cancellation Companies
If you’ve been researching how to sell your timeshare week, you’ve likely seen companies advertising that they can help “cancel” your timeshare. It may sound too good to be true and, unfortunately, it most likely is. These cancellation companies are typically harmful to owners. Unless you are within the rescission period of your timeshare contract, you cannot just cancel it. Read our blog about timeshare cancellation companies to learn more.
Responsible Exit
If you are ever concerned about a company that is offering to help sell or cancel your timeshare, we recommend visiting ResponsibleExit.com. The American Resort Development Association formed the Coalition for Responsible Exit in an effort to stop illegitimate companies from scamming owners. Timeshares Only is a part of this Coalition and we serve to protect our owners. Responsible Exit provides resources for owners who are looking to sell their timeshare week. To further help you avoid timeshare resale scams, read our blog on the topic.
How To Sell My Timeshare Week
Timeshares Only is an online timeshare resale marketplace where hundreds of people browse for vacation ownership. When you’re ready to sell your timeshare week, we will create an advertisement where potential buyers can make offers. Once an offer is received, our sister company Fidelity Real Estate will assist in the rest of the sale.
You always have the option to handle the closing process on your own, but we don’t recommend it! If you don’t have a lot of experience in selling timeshare weeks, it is recommended that you work with a licensed real estate agent. Fidelity agents have years of experience and are extremely knowledgeable about the timeshare secondary market. They will be able to help you navigate the selling process and can even recommend title transfer companies.
Navigating the Right of First Refusal
Resort developers have the right to purchase a timeshare back at the same price as the offer. They can also waive the right for someone else to purchase the timeshare. Right of First Refusal, or ROFR, gives resorts the right to buy back the contract they sold to you originally. This can complicate the process of selling your timeshare week, which is why we suggest working with a real estate agent. Our representatives can help make selling your week less confusing for you.
Sell Timeshare Week With Timeshares Only
We at Timeshares Only are experts in helping owners sell their timeshare weeks. Our representatives would love to help walk you through the process of selling. Gather all of the important documents, contracts, and information you have concerning your timeshare week, and call us today at 1-800-610-2734. Or you can email us at info@timesharesonly.com.
