Timeshare owners who want to sell their vacation ownerships often realize that getting rid of a timeshare is much trickier than acquiring one. After all, if you purchased your timeshare directly from the developer, the sale was probably just a matter of signing on the dotted line. Timeshare resales aren’t quite that simple, and there are many misconceptions about how they work.
The wide variety of vacation ownerships available today means that your resale experience could be very different from a friend or family member who also wants to sell on the resale market. It’s important to have the right information so you can make an informed decision before posting your timeshare for sale.
Misconception #1 – Timeshares Appreciate Over Time
Sometimes people purchase timeshares with the impression that their property can be sold in 20 or 30 years for more than they paid for it. While there are instances of this being true, such circumstances are VERY RARE and limited to a few select brands.
The misconception seems to arise from the fact that timeshares are often sold as deeded real estate properties. Unfortunately, timeshares don’t usually hold or grow their value like houses or other real estate properties. Timeshares should not be considered an investment, but more of a guarantee for pleasant vacations.
Year after year, developers continue to build newer, more modern resorts with timeshare units. Even if resort management does a great job of upgrading and refurbishing timeshares as they age, it’s virtually impossible to keep up with the availability of new construction.
Instead of a comparing timeshares to houses, it’s more accurate to think of them like cars. The moment you drive that shiny new vehicle off the lot its value drops.
That doesn’t mean you can’t get a pretty penny for your timeshare – many timeshare owners make thousands by selling their properties! Just don’t expect to make a profit. The primary value of a timeshare lies in the timeless memories you make while on vacation!
Misconception #2 – You Don’t Need Professional Help to Sell a Timeshare
We know what you’re thinking: “Selling a timeshare is like selling a car. I could just do it on my own!”
Your head is in the right place, but timeshare resales are a bit more complex than the used car market.
Remember, timeshares are real estate properties. They’re highly regulated and require a lot of paperwork to transfer ownership.
Timeshares are also different from used cars in the sense that they are luxury products. We need cars to get to work or school when public transportation is unavailable or inefficient. No one really needs a timeshare. It’s a nice thing to have, but it’s a luxury. N
As with many luxury goods and services, selling a timeshare almost always requires aggressive marketing and broad exposure. If no one knows your timeshare is for sale, who could buy it?
This is where Timeshares Only can really help! We advertise timeshare properties for sale using our proprietary multi-media marketing approach to help you find a buyer.
Television, radio, internet, social media, billboards, direct mail
Misconception #3 – There’s Already a Buyer for Your Timeshare If You Just Pay a Fee
This is by far the most dangerous misconception circulating about timeshare resales today!
Scam artists lead unknowing timeshare owners to believe that simple wire money transfers will rid them of their property forever. Not only are these scammers lying about having a ready or able buyer, they’re lying about who they are and what company they represent.
Scams like this have cost innocent timeshare owners thousands of dollars. The worst part: they’re still no closer to getting their timeshares sold!
Fortunately, there’s an easy way to avoid unscrupulous crooks taking advantage of timeshare owners. All you have to do is give Timeshares Only a call at 1-800-610-2734. Our professional timeshare resale consultants will guide you through the entire resale process and ensure that you don’t fall prey to any tricks, traps, or scams when selling your timeshare on the resale market!
We can help you rent out your timeshare while we are generating buyers for your property!