Sell My Timeshare Now
The economy has slammed you hard and you start looking for ways to cut back. One day you remember that timeshare you own and declare “It’s time to sell my timeshare.” OK, what’s the next step?
The first thing you should do is do some research online and figure out what a timeshare like yours is going for on the resale market. Definitely do not expect to get anywhere close to what you paid for it if you purchased it from the developer. 50-75% depreciation is the norm. Some timeshare owners are even willing to part with their timeshare for $1, in hopes that they can just get rid of it and be done with the maintenance fees. You will never sell your timeshare if there are tons of other timeshares for the same resort at much cheaper prices.
Now that you’ve decided on a price, you have to get the word out. Ebay and Craigslist are becoming more and more popular for this sort of thing. You can reach a lot of people on Craigslist for free, and Ebay only charges a few cents for the listing. It’s definitely worth pursuing these two options first.
You can also look at posting an ad at your home resort if they let people do that. Maybe they have some kind of reseller flyer or newsletter they send around, that would work also. There are all kinds of newsgroups and forums about timeshares that you can join and get the word out at.
The last resort should be paying someone to sell your timeshare. Lots of reseller websites exist, and some of them probably do a good job, but never pay one of these places up front. Only pick one that makes their money through commissions. At least then you know they will be trying to sell your timeshare becaused they only get paid when you do.
Hopefully pricing your timeshare right and using as many different sources as possible to advertise will have you saying “Cool, I was able to sell my timeshare.”