If you decide to sell your timeshare, learn how to proceed with care and caution in the marketplace.
You will need
- Timeshare deed
- Timeshare membership agreement
- Documents related to maintenance and other fees
- Publication listing fees
- Online auction seller's account
- Real estate agent
- Attorney or title company
- Timeshare closing service
Step 1 Gather all documents for the sale Gather all documents needed for the timeshare sale such as the resort’s name and contact information, the property deed, and the membership agreement.
Other information includes any timeshare exchange company affiliation, and the amounts of maintenance fees and real estate taxes.
Step 2 Establish an asking price Establish an asking price. Join the Timeshare Users Group (TUG) and check their database for going asking prices and get your resort’s resale asking prices.
Check current and completed online timeshare auctions for going asking prices.
Step 3 Decide where to advertise Decide where to advertise. Post with your resort’s bulletin board or newsletter for free, or list for a nominal fee in timeshare-related publications.
Step 4 Create an online auction seller's account Create a seller’s account at an online auction site. If there are opportunities to pay extra that could increase the number of looks at your timeshare, they’re worth it.
Step 5 Sell your timeshare condo yourself Sell your timeshare condo yourself, or hire a real estate agent to assist with the sales contract, negotiate with buyers, and help with the closing.
Step 6 Hire an attorney or title company Hire an attorney or title company to help you draw up a sales contract, or use a timeshare closing service such as Timeshare Transfer or JRA Services.
Did You Know:
Bought by billionaire Warren Buffett in 1998, NetJets is a service offering executives private jet fractional ownerships — a system similar to timeshares.