How to Sell a Timeshare

If you decide to sell your timeshare, learn how to proceed with care and caution in the marketplace.

Instructions

  • 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.
  • TIP: 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.
  • TIP: 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.
  • FACT: Bought by billionaire Warren Buffett in 1998, NetJets is a service offering executives private jet fractional ownerships -- a system similar to timeshares.

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

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