Simple Steps to Successfully Sell Your Timeshare

A timeshare involves shared ownership of a property, where multiple owners have rights to use a vacation home during specified periods, usually annually. Owners may decide to sell their timeshare due to financial challenges or health issues that limit travel. Selling allows them to transfer their ownership to others who can enjoy the property during their allotted time each year.

1. Evaluate the Property’s Market Value
Owning a timeshare means paying upfront for a fixed number of vacation days. Unlike traditional real estate, its value depreciates over time. Buyers should set realistic expectations, as resale prices often fall below original purchase prices. To estimate value, research similar listings in the resort area, considering location, maintenance, and ownership duration. Sometimes owners return timeshares to management without proceeds, but trying to sell can recover some costs.

2. Stay on Top of Maintenance Fees
Pay all maintenance fees before listing your timeshare for sale. Clearing dues prevents repossession, maintaining the property's value, and ensuring a smoother sale process.

3. Select Your Selling Approach
To sell your timeshare efficiently, consider contacting the resort management for assistance. Alternatively, advertise in local real estate or travel sections, or list on popular websites like Craigslist, RedWeek, TUG, or eBay. You can also hire a professional resale agent; be cautious of upfront fees—reputable agents usually do not charge large sums initially. Always verify credentials with industry associations such as the American Resort Development Association. Beware of false claims from companies promising timeshare cancellations—these are often limited to the rescission period.