Nearly 10 million people in the United States own at least one or more timeshare properties.
Timeshares offer an excellent place to stay in some of the best vacationing destinations.
If you have a timeshare that you no longer use, or need to sell, there are a couple of steps to take.
Continue reading to discover all of the steps to take when selling a timeshare that you no longer want!
Find Your Contract
If you are planning on selling a timeshare, the first step you will need to take is to locate your contract.
Find all of the documentation that you received when purchasing the timeshare. This information will cover all of the details about the timeshare. Including its location, the name of the developer, and the description of the property.
You will also need to identify who has the deed for the property. Your contract will help supply you with all of the details that you need when making your listing.
Identify the Value
To sell your timeshare, you will need to determine the value of the property.
The value of the timeshare will likely be less than what you originally paid. By doing your research on timeshares in the area that are similar to yours, you can identify the best price to list the property for. It is important to note that even if you don’t get as much money for the timeshare as you hoped, you will still escape from year-round fees and expenses.
Make sure that you are up-to-date with your payments and determine how much of the mortgage is still due.
List Your Timeshare
After you have found the value of the property, you can list your timeshare as a family vacation destination.
People that are looking for a vacation getaway will be able to see your property online and find chances to view it.
By working with a professional agent, you can quickly get your timeshare bought without having to remain on the market for long. Make sure that they have experience working with timeshares. Timeshare contracts are slightly different from standard home purchases.
Work With an Exit Company
If you aren’t having any luck with selling your timeshare, you should consider working with an exit company.
Instead of listing and selling the property, exit companies try to find ways to get you out of your contract. Exit companies will try to find ethical and legal ways of breaking your contract so that you are no longer responsible for payments.
Are You Selling a Timeshare?
Selling a timeshare can be an overwhelming process if you aren’t sure what to do.
By utilizing this guide, you can quickly get rid of a timeshare that you no longer want. This is a great way to make some money and free up your time so that you can visit other areas of the world. Most people don’t do their research and end up losing money on their timeshares.
Don’t be afraid to work with a company that will help get you your money back and make the process easier.
Be sure to check out our blog for more articles about the best timeshare deals for taking a family vacation!