Timeshare Units

Timeshares Can Sell Fast

Timeshares are generally treated as real property and can be resold to another party.

However, and in some cases, this is a really big deal, most timeshares do not appreciate in value, and therefore should not be considered a money-making investment.

Additionally, as much as 50 percent of the original purchase price of a timeshare from a developer or resort went towards marketing costs, sales commission, and other fees, which realistically can never be recouped by the owner.

There areĀ  a lot of ways people can sell their timeshares when they need to raise cash or they are just tired of the upkeep. The internet is a great place to find folks who will help you sell your unit.

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There are brokers and agents who specialize in reselling timeshare units on behalf of their owners.

This arrangement typically involves listing fees, commissions, or both, being paid by the owner to the broker/agent. In return, the broker/agent markets the resale to prospective buyers.

This marketing can take the form of printed materials, Internet postings, radio and television advertisement, and direct telephone solicitations. Some of the fees associated with third party resales are up-front and non-refundable, regardless of whether the unit sells, or for how much.

Timeshare owners may try to market and sell their units on their own. The marketing usually takes the form of newspaper advertisements, Internet websites, bulletin boards, and other media forms familiar to “by owner” sales.

The advantage of this approach is that once a qualified buyer is found and a legal transfer of the timeshare takes place, the owner keeps the entire proceeds of the sale.

The disadvantage is the amount of time and money that may be required to connect with a qualified buyer, secure payment, and effect a legal transfer. You do have to make sure that your contract is legal if you aren’t using the services of a broker. The best way to do this is with the help of someone who has experience in making this type of transaction