Although owning a timeshare week is often a lifelong commitment, there are situations when people need to sell their timeshare. If you no longer use your timeshare week or can no longer pay your maintenance fees, don’t fret. There are many options that can help you sell your timeshare week and tons of experts that can make the process easy for you. The timeshare resale industry can be the perfect place to start when looking to sell your timeshare week.
Is It Time To Sell Your Timeshare Week?
Before we discuss selling your timeshare week, it’s important to note that there are options for getting more out of your timeshare. Perhaps you are selling because you don’t want to visit the same place at the same time every year anymore, but you can do much more than that with your week ownership!
Vacation Exchange Networks
If you feel like you’ve experienced everything at your timeshare resort or don’t feel as excited to use your timeshare week, maybe vacation exchange could be right for you. With vacation exchange programs like RCI or Interval International, owners can trade their timeshare week for a vacation at a different resort. This is a great option for people who still want to use a timeshare week but want a new experience. Vacation exchange networks are in affiliation with some of the top timeshare brands, such as Wyndham and Disney Vacation Club, so you’re most likely already eligible to use their services. Check with your resort or developer to find out which vacation exchange company your ownership is affiliated with.
Rent Out Your Timeshare
A great option for when you aren’t able to use your timeshare week is to rent your timeshare week out! Our TimesharesOnly rental specialists can help you post your timeshare for rent and then you’ll receive the proceeds. Your timeshare week will still be getting good use and the money you get by renting it out can even help pay for your maintenance fees! Plus, when you want to use it again, it’s still yours! If you’re worried about seller’s remorse, this could be a great option for you! If you have an interest in renting out your timeshare week before you decide to sell it, contact us today! Some resorts and developers may offer their own in-house rental options, so contacting them directly could be helpful as well.
The Best Way To Sell Your Timeshare Week
We understand that circumstances change and that life gets in the way, which may affect your ability to use your timeshare or pay your fees. If this is the case and you are looking to sell your timeshare week, there are a few different ways to do so.
Our first recommendation is to always contact your developer first. The developer or resort may have in-house options for selling your timeshare week back to them directly. Typically, your maintenance fees must be up-to-date or your timeshare must be paid off to sell back to a developer.
Timeshare Cancellation Companies
If you’ve been researching how to sell your timeshare week, you’ve likely seen companies advertising that they can help “cancel” your timeshare. It may sound too good to be true and, unfortunately, it most likely is. These timeshare cancellation companies are typically harmful to owners. Unless you are within the recission period of your timeshare contract, you cannot just cancel your timeshare. Read our blog about timeshare cancellation companies to learn more.
If you are ever concerned about a company that is offering to help sell or cancel your timeshare, we recommend visiting ResponsibleExit.com. The American Resort Development Association formed the Coalition for Responsible Exit in an effort to stop illegitimate companies from scamming timeshare owners. Timeshares Only is a part of this Coalition and we serve to protect our owners. Responsible Exit provides resources for owners who are looking to sell their timeshare week. To further help you avoid timeshare resale scams, read our blog on the topic.
How To Sell Your Timeshare Week
Timeshares Only is an online timeshare resale marketplace where hundreds of people browse for vacation ownership. When you’re ready to sell your timeshare week, we will create an advertisement where potential buyers can make offers. Once an offer is received, our sister company Fidelity Real Estate will assist in the rest of the sale.
You always have the option to handle the closing process on your own, but we don’t recommend it! If you don’t have a lot of experience in selling timeshare weeks, it is recommended that you work with a licensed real estate agent. Fidelity agents have years of experience and are extremely knowledgeable about timeshare resales. They will be able to help you navigate the selling process and can even recommend title transfer companies.
Right of First Refusal
Resort developers have the right to purchase a timeshare back at the same price as the offer. They can also waive the right for someone else to purchase the timeshare. Right of First Refusal, or ROFR, gives resorts the right to buy back the contract they sold to you originally. This can complicate the process of selling your timeshare week, which is why we suggest working with a real estate agent. Our representatives can help make selling your timeshare week less confusing for you.
Sell Timeshare Week With Timeshares Only
We at Timeshares Only are experts in helping owners sell their timeshare weeks. Our representatives would love to help walk you through the process of selling your timeshare. Gather all of the important documents, contracts, and information you have concerning your timeshare week, and call us today at 1-800-213-7733. Alternatively, you can fill out the form below and one of our representatives will reach out to you.