Selling a timeshare week is much like selling a property, but on a smaller scale. You'll need to advertise the week, find a buyer and close the deal yourself, or use a licensed resale company to help you. If you decide to use a company, you'll need to do some research first. According to the nonprofit Resort Owners' Coalition, some scam artists use timeshare resale companies as a way to lure victims.
Speak to the resort management. Ask if the resort advertises timeshare weeks in specific publications, such as its own local paper, and has a place for you to post advertisements. Ask for recent sales information.
Set your week's price by using the recent sales information. Check ads for timeshare weeks in your resort to compare figures. Include in your price calculations any amenities you receive that other units don't.
Prepare advertisements to post around the resort and place in other mediums suggested by the resale management. Include the information buyers need to know, such as identification of the week involved and your price. State that the price is negotiable.
Ask the resort management or homeowners association if the resort has a resale program or an affiliated broker you can use to sell your week. Owners of slots around your week might want to buy more time. Request statistics on past sales, including prices and commissions, so you have an idea of how much you'll pay to sell through the resale program or a broker.
Use a timeshare resale company or broker if your resort doesn't have a program or any broker affiliations. Check each business you're considering with the Better Business Bureau, the state attorney general's office and any consumer agencies in your state, the timeshare's state and the business's state.
Review the terms of any agreement with a company before you sign. Check the fees, the agreement length and what the company will do to sell your timeshare week. Read the agreement to discover who's responsible for handling the sale paperwork and whether you can still sell your week on your own while the agreement is in effect.
Advertise your week in traditional publications, such as a local newspaper, as well as online.
If you can't sell your timeshare week, you can try renting it to another person or donating it to charity.
Some resale or broker fees are not refundable, even if you don't sell your week.
Do not give any money to a company until you have an agreement in writing. A legitimate company will not ask for payment without a contract.
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