Timeshare Selling Made Easier

2007-10-15 12:53:47

( Real Estate )



Reasons for Selling a Timeshare

If you love to travel, owning a timeshare property is a great way to save on hotel accommodation costs. As a timeshare owner, you are allocated a usage period in which you can use the property exclusively, like an advanced reservation. To maximize the benefits of your timeshare ownership, you should either use the property yourself during your allocated usage time, or lease the timeshare to others.

However, there may be compelling reasons why you want to sell your timeshare. Perhaps you are in dire need of cash or are in debt, and the only way to raise funds is to dispose of properties that you don't really need. After all, a timeshare property is a luxury to own, and it is also an extra expense which is tough to afford if you are experiencing financial stress.

Ways to Sell Timeshares

You may find it a little tough to sell your timeshare through agents or just by advertising it yourself in local community bulletins. Unless they really need one, most people pay more attention to ads about residential and rental homes than to timeshares for sale.

There are real estate brokers who specialize in timeshare selling. You can locate these brokers through your local yellow pages or newspaper ads. But while they can help you locate a buyer for your timeshare, brokers may also charge high fees for their efforts and services.

Fortunately, the internet is an extremely helpful medium to find intermediaries who are involved in timeshare selling, buying and leasing. Each site usually lists out the most popular timeshare properties for sale.

How Online Sites Help in Timeshare Selling

Anyone who is interested in buying or renting a timeshare can easily access the sites anytime. Sites contain listings by area, as well as photographs, prices and detailed descriptions of the timeshares. Thus, the timeshare site does not need to maintain any real office, and their only cost is the maintenance of the website.

The sites have links to free market surveys to give you an idea of how much you can sell your timeshare. You will be glad to know that selling timeshares don't require any appraisals and therefore help you save on fees for such service.

The timeshare selling site advertises your property for a small fee. You need to provide a good photograph of your property and some basic information. In some cases, the site may already be selling similar timeshare properties so you will just enlist your own. The site will contact you once a buyer is found.

To facilitate closing of the sale, timeshare selling sites also maintain contacts with several licensed and bonded title companies to help with documentation, escrow and recording. You just need to pay the regular fees charged by the title company.


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