Sell Your Timeshare Index

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Obtaining a fixed week timeshare unit is a great investment for many people.

However, if needs have changed such as the costs and maintenance fees become a burden, destination is no longer intriguing, current lifestyles have shifted, or maybe it is time to cash out and get some cash.

Then maybe it is time to sell the timeshare.

Depending on how the timeshare was purchased, new or from a previous owner, many key issues exist to consider selling your timeshare unit. If the situation calls for a quick sale, then obviously lowering the price is a great incentive to attract buyers. If using a broker and the sell needs to happen quickly then consider holding the price at a respectable level, but significantly increase the commissions paid to the brokers.

Before starting the selling process five key factors should be remembered

1. All 50 states consider timeshares to be a real estate transaction, therefore, a licensed real estate agent / company are the only entities you can hire to sell your timeshare, by law.

2. Whether your timeshare is deeded or not, located within the United States or not, rule #1 above is a true statement.

3. When requiring the services of an escrow, only a licensed real estate brokerage, title agency or title attorneys can perform the duties legally.

4. A verbal contract to buy your timeshare is worthless. . . Get everything in writing and to be on the safe side let an expert review any legal documents before you sign them, it saves a lot of headaches later.

5. IF the buyer presents you a deal that sounds too good, it probably is a problem.

Additional Tips on Selling Your Timeshare

1. All 50 states consider timeshares to be a real estate transaction, therefore, a licensed real estate agent / company are the only entities you can hire to sell your timeshare, by law.

2. Whether your timeshare is deeded or not, located within the United States or not, rule #1 above is a true statement.

3. When requiring the services of an escrow, only a licensed real estate brokerage, title agency or title attorneys can perform the duties legally.

4. A verbal contract to buy your timeshare is worthless. . . Get everything in writing and to be on the safe side let an expert review any legal documents before you sign them, it saves a lot of headaches later.

5. IF the buyer presents you a deal that sounds too good, it probably is a problem.

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