How to Sell Timeshare in Florida

Looking to move on from your timeshare in Florida? You’ve come to the right place! We understand that navigating the resale market can seem a bit daunting at first, which is why we’ve put together this handy guide on how to sell timeshare in Florida. From learning who to work with to avoiding common pitfalls, this guide will teach you everything you need to know about selling timeshare!

Can I Sell My Florida Timeshare?

Selling a timeshare may seem scary, and all the misinformation surrounding the resale market needs to be revised. Fortunately, this guide is here to help you separate fact from fiction. So, let’s start by making this clear: you can sell your Florida timeshare. Selling your vacation ownership is one of the safest ways to move on from it! We’ll cover how timeshare resales work and who to work with further below.

Who Will Buy My Timeshare?

One of the most common questions is, “Who will buy my timeshare?” A common misconception is that no one wants to buy timeshare resales. Fortunately, that’s not true! Many savvy buyers use the resale market. At Timeshares Only, we receive daily inquiries for resorts from timeshare companies like Hilton Grand Vacations, Disney Vacation Club, and Wyndham. Many people buy timeshares on the resale market because they’re often cheaper than buying timeshares directly from timeshare companies.

Contact Your Developer First

The first thing that we recommend you do before trying to sell your timeshare is to contact your developer. They may offer in-house exit programs or might be able to recommend a third-party company to help you. Many developers have solutions, such as the Holiday Inn Vacation Club‘s Horizons program, to help you eliminate your timeshare. Your developer may also suggest a vacation exchange to get more out of your ownership.

Explore In-House Exit Solutions

Many major resort brands offer specialized programs to assist owners looking for a safe and legitimate way out of their timeshare. For example:

• Wyndham Cares: This program works directly with Wyndham owners, taking into account each owner’s unique situation and offering personalized solutions to help them exit responsibly.
• The Legacy Program by Westgate: Westgate’s Legacy Program is designed to help owners make the most of their ownership or, if necessary, find a safe and supported way to exit.

It’s always worth checking if your resort developer has a similar program. By starting with your developer, you can explore trusted solutions and ensure you’re taking the right first step. Whether that’s selling, exchanging, or responsibly ending your ownership.

Understanding Right of First Refusal (ROFR)

If you receive an offer on your timeshare, there’s another important step to consider: the Right of First Refusal, or ROFR. This is a standard clause in most timeshare contracts, especially for big-name resorts like Disney Vacation Club or Hilton Grand Vacations.

Here’s what it means for you:

• The ROFR gives your resort the first chance to buy back your timeshare at the same price and terms you’ve agreed to with a buyer.
• You must submit the details of your offer to the resort before the sale can move forward.
• The resort then reviews your contract and decides whether they want to repurchase your timeshare.

If the resort decides to match your buyer’s offer, they purchase your timeshare themselves. If they waive their right or don’t respond within the required time frame, you’re free to continue the sale to your chosen buyer as planned.

While this step might sound intimidating, it’s a routine part of the process and ensures both buyers and sellers follow the rules set by the developer. Now, let’s talk about what information you’ll need to gather to keep the process moving smoothly.

Gather Your Info

If you plan on selling a timeshare, you’ll also want to gather as much info on your ownership as possible. Any details about your timeshare contract, the original purchase, and how many points you own are vital. If you don’t have all this info, a licensed real estate brokerage can help you find it.

While it might seem natural to reach out to your local real estate agent, keep in mind that timeshare resales are a unique niche. Most traditional agents or brokerages don’t specialize in this area and may not be familiar with the ins and outs of the timeshare resale process. Chances are, you’ll be referred to a company or agent who has specific experience with timeshares.

Working with professionals who know the timeshare resale market, especially those experienced with brands like Disney Vacation Club, Hilton Grand Vacations, and Wyndham, can make the process smoother and less stressful. These specialists understand the documentation required, how to accurately determine your ownership details, and the best way to navigate the resale process from start to finish.

If you gather your information ahead of time and connect with the right experts, you’ll be prepared and confident as you move forward with selling your Florida timeshare.

Responsible Exit

A great program to help you figure out the best way to sell your timeshare in Florida is the Coalition for Responsible Exit. ResponsibleExit.com is a resource that keeps up with industry news and seeks to help owners avoid scams. If you’re unsure of a company’s legitimacy or think you may have received a scam call about your Florida timeshare, Responsible Exit is the place to go. You can visit their website to find a trusted source for exiting your timeshare.

ARDA

The Coalition for Responsible Exit is a program that ARDA, the American Resort Development Association, offers. ARDA’s primary goal is to protect owners and timeshare developers. They have a strict Code of Ethics that includes standards for disclosure, resort management rules, guidelines for resale, and more. In addition, as a member of ARDA, Timeshares Only abides by that Code of Ethics, which allows us to be a trusted resource for owners.

Can I Cancel My Timeshare?

You may have heard of the term “timeshare cancellation” and wondered if exiting or canceling your timeshare is right for you. You may have even seen exit companies claiming it is a legitimate option. Often, those companies can help “cancel” your timeshare, but only after you pay any upfront fees. Unfortunately, many companies claiming that their lawyers can cancel your contract aren’t fully transparent with you. We advise that you avoid companies that require you to pay for legal help to cancel a timeshare. Timeshare contracts and deeds are legally binding and cannot simply be canceled.

Rescission Period for Your Timeshare in Florida

An exception to this is if you just recently bought your timeshare in Florida. Most timeshare contracts include a stipulated rescission period, which varies from state to state. This means you can cancel the contract for several days after signing. In Florida, this period is ten days, so if you’ve just purchased a timeshare, you’ll need to act quickly. If you aren’t in the rescission period, selling your timeshare is a great way to move on from your ownership.

How to Avoid Pitfalls in the Timeshare Resale Market

If you want to sell your Florida timeshare, it’s good to be aware of possible pitfalls. If you need clarification on whether you are working with a trustworthy organization, check with ARDA. They are a valuable resource to help keep yourself safe while navigating the timeshare resale process. Another useful resource for checking if a company is secure is the Better Business Bureau, a nonprofit organization that rates businesses based on their ethics. A company with a high ranking from the Better Business Bureau is one you can trust.

One scam that demands your utmost caution is when timeshare owners receive unsolicited calls from a person claiming they have found a buyer for their timeshare. It’s important to note that it’s illegal for a timeshare company to call you completely unsolicited, so be on your guard if this happens to you.

Some advisers tell timeshare owners to stop paying their maintenance fees; this is a major pitfall to avoid. It’s crucial to understand that when you are in the process of selling a timeshare, you should not stop paying your maintenance fees until the resort itself confirms the timeshare is out of your name. Failure to pay your maintenance fees on time can lead to serious consequences, potentially damaging your credit.

Those fees are legally binding under your contract, and defaulting can harm your credit score and even result in collections or foreclosure. Even if you’re struggling with these payments, your best move is to work directly with your developer or seek out a reputable resale company for guidance. Stopping payments before your timeshare is officially transferred from your name will only lead to more headaches down the road.

Staying vigilant and informed will help you avoid these common pitfalls and protect yourself during the resale process.

More Timeshare Scams to Avoid

We are fully aware of the abundance of timeshare scams, and you should be, too. We have put together many resources to help you avoid getting wrapped up in a scam. Here is some of the best information to help you sell your timeshare safely in Florida:

• 4 Common Timeshare Scams to Avoid
• How to Sell Your Timeshare Online (What No One Tells You)
• Choosing a Legitimate Timeshare Resale Company
• Timeshare Cancellation Companies: What You Need To Know

How Much Can I Sell My Timeshare for in Florida?

You may wonder how much money you can make by selling your timeshare in Florida. Ultimately, it depends! Resale prices vary for several reasons, like demand and your timeshare’s location. With that said, it’s essential to keep your expectations in check. Timeshares are a luxury item, meaning they depreciate in value after use. As a result, you should wait to enter the process expecting to make a profit from your timeshare. You might not make a profit, but selling a timeshare offers several benefits. First, you’ll be able to step away from your ownership, and second, you’ll have the chance to recoup some costs. Ultimately, the choice is up to you to decide how much you want to sell your timeshare, but it’s good to consult experts.

Why You Should Sell Your Florida Timeshare With Timeshares Only

If you want to sell your Florida timeshare, you’ll want to work with a reputable resale company with plenty of experience. You’ll want to work with Timeshares Only. We have over 20 years of experience connecting owners, buyers, and renters so that people like you can sell timeshares. We’re also the featured reseller of ARDA, which means we work hard to keep everyone in the industry safe. Our services and programs have been designed to make selling a timeshare as efficient and convenient as possible. We also use cutting-edge marketing techniques that will help draw in buyers from around the world to help find a new owner for your timeshare.

Sell Your Florida Timeshare Today!

Whether your timeshare property is fixed week or points-based, with two decades of experience and a proven track record, you can rest assured you’re in good hands with Timeshares Only. What are you waiting for? Sell your timeshare with Timeshares Only today!

Not Sure You Want to Sell Your Florida Timeshare?

Are you still on the fence about selling your Florida timeshare and don’t plan to use it for a while? Then consider renting your timeshare out instead! We can help you post your timeshare for rent on our online marketplace. This means you can put some money back in your pocket or help pay off your maintenance fees. Plus, it enables you to get some use out of your timeshare, even when you’re not using it. Click on the link below to get started! If you have any questions, please call us at 1-800-610-2734 or [email protected]. We’re always happy to help!