- 1 Is there a legitimate way to sell timeshares?
- 2 How do I sell my vacation village on timeshare?
- 3 How can I sell my timeshare on my own?
- 4 How much does it cost to sell a timeshare?
- 5 Is timeshare a ripoff?
- 6 Can you just walk away from a timeshare?
- 7 What happens if I stop paying my timeshare?
- 8 Can you give a timeshare back to the resort?
- 9 What is the average cost to get out of a timeshare?
- 10 How do I rent my timeshare myself?
- 11 How do I get rid of my timeshare?
- 12 How do you forfeit a timeshare?
- 13 Are timeshares worth anything?
Since timeshare is a special type of real estate, the best way to sell a timeshare is to go with a real estate agent who specializes in resales. The reason for this is because selling a timeshare requires different laws and regulations most of the time.
Selling your Vacation Village timeshare is a simple process:
- Gather the details about your specific ownership and resort.
- Contact our experienced timeshare specialists to discuss your ad and price.
- Create an ad to be viewed on our website by thousands of potential buyers.
- Receive inquiries and offers directly from buyers.
How to Sell a Timeshare
- Step 1: Revisit Your Contract. To start with, dig your original contract—and any other paperwork about the timeshare—out of your files to see exactly what you signed way back when.
- Step 2: Research Your Timeshare’s Value.
- Step 3: Try to Sell Your Timeshare.
- Step 4: Contact a Timeshare Exit Company.
What is the average cost? $20,000 to $40,000, or more – and that’s without the burden of special assessments or annual maintenance fees, which tend to rise steadily year over year.
Timeshares themselves are not a scam. The memories and vacation experiences they create for owners is not a scam. To avoid a timeshare scam, the most trustworthy sources of information are the developer or brand, the American Resort Development Association and their recognized members.
You can’t just walk away from a timeshare. If you don’t stay current on your maintenance fees or your loan payment, the timeshare company or timeshare association could report you to a collection agency and ding your credit score.
If you stop paying on your timeshare loan, you face foreclosure. Foreclosure is the process whereby the lender files to take possession of the property and sell it at auction to recover the money you owe. Your contract authorizes the trustee to sell the timeshare in the event you stop paying on it.
A deed back clause or program allows you to give your timeshare back to the resort. Until then, you remain responsible for paying the maintenance and special assessment fees along with your mortgage payments.
Costs to Get Out of a Timeshare On average, it costs about $5,000 to $6,000 and takes 12–18 months to get out of your timeshare contract using a timeshare exit company. But the cost and the timeframe can vary depending on a number of factors including, how many contracts are attached to your timeshare.
Here’s our step-by-step guide to help you through the rental process.
- Be sure you can rent.
- Determine your dates and location.
- Research your listing price.
- Secure the room.
- Create a rental agreement.
- Set up a payment method.
- Choose a platform to list.
- List the room and advertise.
Say no, hang up and move on to one of the following solutions.
- Stop paying. Before you do this, take stock of your situation.
- Offer it on the resale market. You’ll get little or no money, except perhaps for a premium timeshare in a higher-end chain like Disney, Marriott or Hilton.
- Use a company to help you exit.
Give it back: Contact the developer or resort management. Tell them you want to quit-deed the property back to them. In other words, you are willing to give away your timeshare in exchange for the future savings of not having to pay your membership.
No, the timeshare has no value, because you don’t own anything in the normal sense of the word. It’s not like your regular home, which likely has some equity built up. In fact, a timeshare goes down in value from the moment you sign the contract. There are much better ways to invest your hard-earned money.