So, you’ve decided you no longer want your timeshare. This can happen from time to time! A survey conducted by ARDA in 2024 revealed that 91% of owners rated their ownership experiences as excellent, very good, or good. However, some individuals choose to sell their ownership for reasons such as changing travel preferences or financial considerations. Fortunately, there are plenty of timeshare relief options. So, if you no longer want your vacation ownership, we’re here to help! Here’s how to sell a timeshare that is paid off.
Can You Sell a Timeshare That Is Paid Off?
Should you decide to sell your timeshare once it’s paid off, you are in luck! As deeded property interests, most timeshares can be bequeathed, rented, or sold at the timeshare owner’s discretion. The best way to get out of your ownership is by selling, gifting, or asking the developer to take it back. One benefit of selling your timeshare with us is that you can advertise it for rent while you wait for someone to buy it. There is no way to determine how long it will take to sell your timeshare that is paid off. By sharing your timeshare for sale online on social media or different forums, you can ensure more people see it. The good news is that owners are always looking to add to their ownership for less money.
Why Competitive Pricing Matters
When it comes to selling your timeshare, setting a realistic and competitive price is key. Advertising your property at a fair market value not only draws more attention from interested buyers but also helps your offer stand out in a busy resale market. Overpricing may cause your posting to sit unsold for months. Meanwhile, pricing it too low might make buyers suspicious or lead you to take a loss unnecessarily.
Before you name your price, take a look at similar postings on reputable resale websites like TimesharesOnly.com. Checking what other owners are asking for comparable units can give you a good sense of what buyers expect—and what they’re willing to pay. This research helps ensure your timeshare is neither overlooked nor undervalued, giving you the best chance for a successful sale.
Key Elements of an Effective Online Timeshare Advertisement
When you’re ready to put your timeshare up for sale online, making your ad stand out is essential. Here’s what you’ll want to keep in mind to attract the right buyers and streamline the sale process:
- Pick the Right Listing Marketplace: Not all platforms are created equal! Consider reputable resale platforms or licensed real estate brokers who specialize in timeshares. The right platform can mean more views from serious buyers.
- Put Your Best Foot Forward: Take time to craft an advertisement that showcases your timeshare’s best features. Use clear, high-quality photos of your unit and the resort. Be specific in your description—highlight amenities, prime weeks, views, or recent upgrades. Let potential buyers envision themselves vacationing there!
- Share the Fine Print: Honest and detailed information goes a long way in building buyer trust. Clearly outline your annual fees, any restrictions, and maintenance obligations. Research the current resale market and price your timeshare competitively—an accurately priced offering leads to genuine interest.
Sound daunting? It doesn’t have to be! Timeshares Only specializes in creating detailed, eye-catching advertisements that give you the best chance for success.
What Documents Do You Need to Sell Your Timeshare?
Before posting your timeshare for sale, it’s smart to be prepared with all the right paperwork. Gathering these documents ahead of time will make the selling process smoother and help build trust with potential buyers:
- Original Purchase Agreement: This shows the details of your initial purchase and confirms your ownership.
- Proof of Ownership: Most resorts provide a deed or a membership certificate—be sure to have this handy.
- Financing Records: If you financed your timeshare, keep records showing the balance is paid off.
- Maintenance Fee Statements: Up-to-date statements help demonstrate that your fees are current, making your timeshare more attractive to buyers.
- Exchange Program Information: If your timeshare is affiliated with popular vacation exchange networks like RCI or Interval International, gather any relevant documentation to highlight your ownership’s flexibility.
Having this information ready from the start not only saves time but also reassures both your resale service and interested buyers that your timeshare is in good standing.
What Should You Do First When Considering Selling Your Timeshare?
Before diving into the resale market, reach out to your timeshare developer or resort. Many major brands, such as Wyndham, Marriott, or Hilton, might have established programs that let you return your timeshare or offer in-house resale assistance. Even if your resort doesn’t explicitly advertise a “deed-back” option, their owner services team can help clarify your timeshare’s value, discuss current demand for your specific property, and outline any resale restrictions.
By starting with your developer, you’ll gather essential information about your ownership, get practical advice tailored to your specific contract, and avoid common pitfalls. Plus, some resorts may even help you navigate next steps or suggest reputable advertising platforms, smoothing out the process before you explore additional resale options.
What Is a Timeshare Deed-Back Program?
A timeshare deed-back program is an option offered by many developers that lets owners return their timeshare directly to the company. Think of it as handing the property back to its original source when you no longer wish to keep it—especially once your timeshare is paid off.
Not all developers offer a formal deed-back program, but it’s always worth asking. Even if your resort doesn’t have a specific program in place, contacting their owner services can provide valuable insights. They’ll often share details such as your timeshare’s resale value, current market trends, and helpful tips to guide your next move.
Choosing a deed-back can be a straightforward solution if you’re ready to part ways with your timeshare, especially if you’ve already explored exchanging, banking, or renting out your points.
What If Your Developer Doesn’t Offer a Deed-Back Program?
If your resort or developer doesn’t have a deed-back program, you still have alternatives. Many owners choose to work with reputable resale companies to help them navigate the process. These companies, like Timeshares Only, specialize in marketing timeshares to interested buyers and guiding you through each step.
Finding Reputable Third-Party Companies to Sell Your Timeshare
If your developer or resort doesn’t offer a take-back or in-house resale option, you might consider turning to a third-party company. Navigating this route can feel overwhelming, but there are trusted industry names—like Timeshares Only—that specialize in helping owners post their timeshares for sale or rent.
Before you choose a company, do your homework:
- Look for businesses with a long history in the industry and positive independent reviews.
- Make sure they clearly explain all fees upfront—reputable providers won’t surprise you with hidden costs.
- Ask whether they work directly with recognized brands or are recommended by organizations like ARDA. These connections can be a good sign of trustworthiness.
Remember, taking a few simple steps—like checking the company’s credentials and reading client testimonials—can save you headaches down the road. With the right third-party provider, you can navigate the resale process with greater peace of mind.
Things to Consider Before Selling a Timeshare That Is Paid Off
There are a few things to keep in mind before you decide to sell your timeshare that is paid off. Some owners feel they have seen everything their resort has to offer within their brand’s inventory. But through vacation exchange networks, you can trade your timeshare points or weeks for vacations worldwide. Most timeshares brands and resorts likely affiliate with RCI or Interval International, the two top vacation exchange programs.
Or, you can look into banking or borrowing your points. The point-based programs offered by many vacation ownership brands allows you more flexibility and options. Another good option before selling your timeshare is to rent it out during the years you can’t use it. This will help you cover your maintenance fees for that year. Lastly, you can gift your trip to a friend or family member. This is perfect during the holidays, for an anniversary, or as a graduation present.
What About Timeshare Exit Companies?
You may have heard about timeshare exit companies as a way to get rid of your timeshare ownership. While these companies may seem promising, they usually cause more harm than good. A timeshare exit company will often claim they can cancel your timeshare contract. In practice, however, they typically send a letter to your resort telling them to cease all communication with you. Many of these companies will advise timeshare owners to stop paying fees, which can lead to them defaulting on their ownership and damaging their credit. Additionally, many of these companies charge substantial upfront fees. In the worst case scenario, they may disappear after taking your money. As a result, it is typically better to work with your timeshare developer or sell your timeshare once it’s paid off instead of going to an exit company.
It’s important to be cautious of any company that asks you to pay an outrageous upfront fee or wire money for a “service,” “tax,” or any other supposed requirement to complete a sale—this is a major red flag and often signals a scam. (Note: this does not include nominal advertising fees that a legitimate reseller may ask you to pay upfront.) Always do your research and avoid any company making big promises with little transparency.
The Best Way to Sell a Timeshare That Is Paid Off
There are a few ways to get rid of your timeshare. First, we recommend you turn to your developer or resort because they might have in-house solutions for owners. For example, Wyndham provides several solutions. You can contact Wyndham Cares if you have any questions about your timeshare, if you want to rent out your timeshare, or if you want to sell it. They might even connect you with Ovation by Wyndham, a program offering an immediate solution. Some brands may refer you to us for help! Timeshares Only can help you sell your timeshare that is paid off by providing advice over the phone. To post your timeshare for sale, call 1-(800)-610-2734 or submit an online form.
How Is the Timeshare Resale Market Different from Traditional Real Estate?
Navigating the timeshare resale market isn’t quite the same as selling your home or other real estate. While houses and condos often have the potential to gain value over time, timeshares are designed for vacation enjoyment—not investment growth. That means, unlike traditional real estate, timeshares generally don’t appreciate. In short, you shouldn’t expect to make a profit when you sell.
Instead, the resale market is geared toward affordability and flexibility for buyers looking to enjoy quality vacations at well-known resorts like Marriott, Hilton, or Disney Vacation Club without paying developer prices. For sellers, it’s important to approach the process with realistic expectations—timeshares tend to sell for less than their original price, and factors like season, resort brand, and location impact demand.
In short, while traditional property sales can feel like navigating the stock market, timeshare resales are more about finding the right new owner who values the vacation experience—making transparency and safety top priorities every step of the way.
The Coalition for Responsible Exit
Timeshares Only is a proud member of the Coalition for Responsible Exit. ARDA formed the Coalition for Responsible Exit to combat illegitimate companies and scammers. By visiting ResponsibleExit.com, you can ask any questions or discuss any concerns you might have about who to turn to. Every member follows a strict set of ethics, so you can rest assured that you’ll be in good hands.
How to Verify a Timeshare Resale Company’s Legitimacy
Staying vigilant is key when considering any timeshare resale company. Here’s how you can protect yourself before committing:
- Check Reviews and Ratings: Take time to search online reviews, paying close attention to other owners’ experiences. Reputable sources like the Better Business Bureau (BBB) can provide insight into a company’s track record and transparency.
- Look for Complaints: A quick search using the company’s name, followed by words like “scam” or “complaints,” can uncover any red flags or unresolved issues from past clients.
- Verify Registration and Licensing: Make sure the company is properly registered or licensed in the states where it operates. This step is crucial to ensuring you’re dealing with a legitimate business.
- Make Sure the Company is Recognized by ARDA: ARDA is the official regulating body of the timeshare resale industry. By imposing a strict code of ethics, ARDA works to protect the rights of resale buyers and sellers. Always make sure your resale company is accredited by ARDA before you enlist their services.
Remember, taking these precautions will give you greater peace of mind while navigating the resale process.
Tips to Steer Clear of Timeshare Resale Scams
Unfortunately, the timeshare resale market is notorious for scams and deceptive companies targeting owners. Here are some tips to help you protect yourself:
- Be cautious of unsolicited offers. If someone contacts you unexpectedly and claims they have an “interested buyer” for your timeshare, this is almost always fraudulent. Do not engage with them.
- Watch out for impersonators. Even if someone claims to represent a legitimate organization or resort, treat unsolicited calls or emails with skepticism—unless they are clearly following up on a request you submitted.
- Beware of hefty upfront fees. Avoid any company that asks you to pay thousands of dollars upfront for services like modifying, cancelling, or transferring your timeshare. This includes requests to wire money for “taxes,” “services,” or other so-called requirements. The only exception is for nominal advertising fees charged by reputable resellers.
- If it sounds too good to be true, it probably is. Scammers will often dangle offers that match or exceed your original purchase price. Be realistic about what your timeshare is worth.
- Do your homework. Always verify the legitimacy of any resale company. Check reviews, search for complaints online, and confirm they’re registered with relevant authorities like the Better Business Bureau (BBB).
By keeping these tips in mind and staying informed, you can confidently take the next steps toward selling your timeshare while avoiding common pitfalls.
The Timeshare Closing Process
Once you post your timeshare for sale on our online marketplace, people looking for vacation ownership can make an offer. We make it easy for buyers to contact us for more information about your posting. Or, buyers can make an offer directly on the web page. After a buyer places an offer on your timeshare, our trusted broker, Fidelity Real Estate, will offer their services to help facilitate the sale.
Although you can handle the closing process on your own once you get an offer, the process of doing so can be quite complex. From navigating the right of first refusal to handling negotiations, to transferring funds and ownership, managing these tasks on your own can be quite stressful. On the other hand, a real estate agent will be knowledgeable and can help you through the whole process. You can trust Fidelity Real Estate agents to handle negotiations and navigate the developer’s Right of First Refusal. If you have any questions about how to sell a timeshare that is paid off, feel free to give us a call at 1-800-610-2734 or email us at [email protected]. We’re always happy to help!
Not Quite Ready to Sell Your Timeshare That Is Paid Off?
If you’re still on the fence about selling your timeshare, consider renting it out instead! When you rent out your timeshare, you’ll be able to put some money back in your pocket or help pay off your maintenance fees. Plus, you’ll be able to get some use out of your timeshare while you aren’t visiting it. Timeshares Only can help you post your timeshare up for rent on our online marketplace, so you can get some use out of your ownership as soon as possible! Click the link below to get started!
