You Bought A Timeshare, But Now You Want to Sell It: Evaluating Your Options

By: Ryan Muscatella

Timeshares often give individuals and families the opportunity to lock in an affordable yearly vacation at various luxury resorts around the world. Creating memories and enjoying excellent amenities while also benefiting from the flexibility of the timeshare plan is what keeps these vacation contracts appealing over time. While there can be many benefits to owning a timeshare, there can be downsides as well, especially if you eventually plan on selling it.

For the most part, the timeshare market has more sellers than buyers. As a result, customers are more likely to face financial difficulties when trying to sell their timeshare. Aside from trying to sell in an oversaturated market, there are two other important financial factors to keep in mind when trying to dispose of your timeshare:

It’s important to set realistic expectations about selling your timeshare because the selling process may not be as lucrative, or as straightforward, as one might hope. Aside from the recission period – a legal right to cancel the contract within three to fifteen days (time limit varies by state) after the purchase – there’s no easy way to get rid of a timeshare.

Since many timeshare companies back their customers into a corner when they try to sell, some owners believe the best and only way to get rid of the timeshare is to default on the policy. However, there are a couple of major consequences associated with defaulting on a timeshare including:

A foreclosure on a timeshare can negatively impact your financial situation and should be seen as a last resort. Therefore, you should consider disposing of the timeshare properly with the right resources. While selling a timeshare may not be a walk in the park, there are some legitimate ways to dispose of your timeshare post-rescission period. Some options to consider include:

Ultimately, by treating a timeshare like a real property sale, such as a residential home, more people have found success when hiring a licensed broker to help make the sale. By engaging in a timeshare broker relationship, a customer will be able to work alongside a knowledgeable professional with education and experience in this field.

No matter what option you choose, selling a timeshare can be stressful and time-consuming but with the right help and guidance, the process can be much more efficient and achievable in the end.


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