When the time comes to sell your timeshare, it’s important that you understand what it takes to successfully navigate the resale market. Here’s a look at some of the challenges you’ll face and how to avoid them:

 

First, make sure your unit is priced competitively in the resale market. This is the most important step in the process as it will give you the best chance of selling your unit at a reasonable price. See page to read more about this great post.

 

Then, you’ll need to create a listing that engages potential buyers and stands out from the crowd. You’ll want to get specific about your ownership arrangement, including what kind of access you have (fixed, floating or points) and the type of season you own it for.

 

You’ll also need to consider the location of your property. If your resort is a popular vacation spot, chances are it will command a higher resale value than a less desirable option. For example, a fixed week at Disney or Wyndham may be in high demand on the resale market.

 

Another factor to consider is what other weeks in your resort are for sale. You can find this out by calling your home resort and asking for a recent closing sales price. You can also check out the TUG sales history database to see what other units in your resort have sold for, look at current and completed eBay auctions, or check real estate records in the county where your home resort is located.

 

Once you have a good idea of the price you can ask for your unit, you’ll need to begin marketing it to potential buyers. This can be done by posting a for-sale note in the lobby of your home resort or by paying to post an ad in their newsletter, discover more about this subject here! You can also try to list it on timeshare resale brokers’ websites, but be aware of upfront fees.

 

There are a variety of ways to sell your timeshare, but each method requires different levels of expertise and experience. The best way is to work with a licensed real estate broker who specializes in timeshare resales. A realtor will know the ins and outs of the process, can help you negotiate a fair price and ensure that the legal documents are in order. This can save you from the headaches of trying to navigate the resale market on your own, but will cost you a percentage of the proceeds in commission.

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