If you are looking to sell your timeshare ownership, there are a few things to think about before you decide which avenue to take.
Can I sell my timeshare on my own?
By selling your timeshare on your own you will have the advantage of keeping the amount of proceeds you and your prospective buyer have agreed upon. The major disadvantage you will face is the lack of knowledge of the current values of what your timeshare is worth. If you can’t get an honest assessment of the ownerships’s value, you may end up leaving a considerable amount of money on the table. The other drawback is you will be more vulnerable to the resale scams that are currently flooding the market. “Sellers beware” is a common term in today’s Timeshare resale market.
Should I Pay Upfront Fees To Sell My Timeshare?
There are many, many companies that operate on an upfront fee basis, and it will take a very long time for a seller to research and investigate all of them. Many of these companies try to entice you to pay for a listing by over-quoting the value of your timeshare interest. It is important to seek out an honest assessment of the value of your ownership, prior to listing the property. Generally, your timeshare’s market value is determined by doing market analysis to see what ownerships like yours are actually selling for. A timeshare is only worth what someone will actually pay you for it. If a buyer sees other comparable ownerships selling for less, your listing will sit with no offers.
What most people do is stay away from all companies that charge upfront. This way they are not putting themselves or their ownerships at risk. Not all upfront fee companies are scams, but you may want to ask yourself, if they are so sure the ownership will sell, why won’t the company take a commission after the sale like any other Real Estate transaction?
Can I Give Away My Timeshare?
Companies do exist that will take your timeshare off your hands for a fee, usually a very high one. It’s not unheard of that even after the seller’s money is paid to the company, the seller is left still owning the timeshare, later to find it was never transferred out of their name. If you are approached with this kind of offer, you may want to consider reaching out to a timeshare resale broker and ask what the current values are for your ownership. You may be surprised at just how much the property is worth.
Can I sell my timeshare with a Resale Broker?
In today’s timeshare resale market, more and more people are opting for a broker to help them sell their timeshare at the greatest price possible. A licensed broker possesses many advantages such as knowing the market conditions, knowing the market value, knowing how to transfer the ownership, and knowing how to answer all the buyer’s questions. Many sellers enjoy knowing they won’t have to market or sell the ownership themselves.
Our company offers an open listing with no obligation to sell. This means you can work to sell it on your own or list it with other brokers while we work on finding a buyer for you. Due to the fact that you are never obligated to accept an offer and that our company earns a commission after the sale, you won’t have to pay anything if we can’t meet your expectations. Also, we use a licensed, bonded and insured closing company to safeguard your property and deposits throughout the transfer process.
If you want to make sure that you are getting as much as you can and you are being completely protected in the transaction, using a licensed broker is the way to go.
By reaching out to us we will ensure that you are well informed. Our licensed agents will offer their year’s of experience to assist you in any way they can to get your timeshare sold.
