Economy

How to Sell a Timeshare

How to Sell a Timeshare

Buying a timeshare is a way to own a vacation home in some of the country's best condos and resorts that you can use for an allotted period. Sounds pretty amazing, right? But, while a timeshare packs several benefits, you can't use the property to your leisure. Feeling like it's time to move on from a timeshare? If so, its imperative that you learn how to sell a timeshare.
Types of timeshares
Oftentimes, timeshare owners are not savvy on the types of timeshares. When considering to sell a timeshare, you'll want to understand the different types available. Popular types include:
1. Fixed week
2. Right-to-use
3. Floating
4. Points Club
Pricing
Pricing a timeshare can be a challenging process. Remember, unlike real estate, timeshare depreciates. In other words, you cannot sell your timeshare for a higher price than the price you paid for it. If you are doing the resale on your own, research on similar timeshare prices and compare on check or seek out timeshare appraisal services. On the other hand, if you are using a timeshare resale company, they will set the price for you.
Selling a timeshare
You have several options when it comes to how to sell a timeshare. They include:
• Using a licensed timeshare resale company.
• Using the owner of the resort where you have a timeshare.
• List sale on popular consumer sales websites.
• Run adds on real estate and travel newsletters etc.
 

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