Getting Buyers for your Timeshare
Getting Buyers for your Timeshare
Table of Contents
Easy ways of getting Buyers for your Timeshare
For many vacation lovers who like to have quality time with family or loved ones without the stress of going to a new holiday location every year, purchasing a timeshare resort might seem like a good idea. Through this, resort owners get to have the wonderful feeling of being home away from home, all the more so because the environment of a typical timeshare resort is a conducive and serene one.
Despite this, it could be disappointing to later realize that the timeshare ownership experience might not be all that wonderful. Sometimes, certain life circumstances— such as financial constraints— push timeshare owners into trying to get rid of their contracts. However, this doesn’t come easy most of the time.
The thing with timeshares is that their maintenance fees increase each year and this in turn becomes an unexpected headache to many owners. As a result, seeking relief becomes a necessity, as the concerned owners begin to seek buyers to help them escape their distress.
If you are wondering whether a timeshare can ever be resold, the following section provides an answer to this.
Is it Really Possible to Resell a Timeshare?
The simple answer to this question is “yes,” and there are different ways by which it can be achieved. There is the do-it-yourself approach, which may only require that you find a buyer directly, or that you rather make use of listing websites through which you can advertise your property to potential buyers worldwide.
On the other hand, you could simply hire a resale company to help find a buyer. But understand that selling a timeshare to another owner could be much more complicated than it seems.
Briefly discussed below are two legitimate approaches that a resort owner should consider:
• The DIY Approach
For a timeshare owner who wants to have full control of his or her timeshare resale transaction process, this may be the best way to go. Here, you get to establish a direct buyer-seller relationship with the potential new owner of your timeshare, thereby eliminating an intermediary. As such, discussing the terms of resale, as well as responding to negotiations from the buyer, becomes as easy.
In very rare cases, you could be lucky enough to find a buyer around you. However, a better and more assuring means is to make use of listing or advertising platforms, a typical example of which is the Facebook marketplace which will not cost you any fee.
Indeed, making use of advertising platforms ensures that your product (which is the timeshare to be resold) enjoys wide visibility, thus increasing your chances of getting a buyer. Apart from Facebook, there are various other platforms through which you can get buyers for your unwanted timeshare resort.
Some of these platforms come with a fee, while others are free of charge, and it is highly recommended that interested timeshare owners use as many reliable platforms as possible, so as to expand their visibility. Below are some of the listing platforms that can be used:
• Ebay (Paid)
• Myresortnetwork.com (Paid)
• Tug2.com (Paid)
• Redweek.com (Paid)
• Timeshare Users Group (Paid)
• My Resort Network – (Paid)
• Craigslist (free)
• Advertise my Timeshare (Free)
• Kaola (Free)
• The Resale Company Approach
Just in case you are occupied or simply unable to successfully handle your timeshare resale yourself, you could hire a resale company to help you do the job. Typically, timeshare resale companies offer brokerage services and therefore take it upon themselves to help their clients buy, sell, or rent timeshares— for a fee.
So, in this case, the process of getting your timeshare sold does not really require your effort, except that you may need to provide certain information where and when necessary. Basically, your hired resale company will be expected to take charge advertising the given timeshare and ultimately getting a buyer for it.
Some reputable timeshare resale companies in the industry include such names as Timeshares Only (BBB accredited since 2018), Timeshare Broker Sales (BBB accredited since 2010), Selling Timeshares Inc (accredited since 2012), and Sell My Timeshare Now LLC (not accredited but well-acclaimed on various review websites), among others.
Certainly, one can see that these companies are quite reliable and viable enough for anyone looking to resell their distressing timeshare. Nonetheless, it is important to take a careful look at how valuable the resale activity could be.