Ten years ago, you had probably never heard of timeshare resales. But with the timeshare resale market gaining daily exposure from the press, more people are aware of timeshares as a legitimate way to vacation.
The expansion of the by owner market for timeshares has made vacation ownership affordable to thousands of families. Why? Because time share resales and rentals by owner are available for up to 70% less than timeshares sold or rented out by the developer. Click below to browse our inventory and find your great deal.
Have a timeshare you need to resell? Promote your timeshare on SellMyTimeshareNOW.com with a full-page, customized web advertisement. Advertising with us is the most effective way to sell resale timeshare, because it puts your vacation property in front of real buyers searching and shopping online.
In 2011 our website generated $330,012,615.00 in offers to rent or buy timeshare resales on our site. We also had more than 2.2 million unique visitors resulting in over 19 million page views. Advertise where the buyers are: on SellMyTimeshareNOW.com.
We want you to have the best possible chance of selling your timeshare. Understanding the state of the timeshare re-sale market is the first step. The next section reveals five surprising truths about what it's actually like to resell a timeshare.
Truth #1: Selling a time share resale is not like selling traditional real estate.
While the legal process is often similar, laws regulating the resale of timeshare vary by state and by country. Depending on your ownership type and resort, all your rights may not transfer to the buyer. To ensure that your experience is as smooth as possible, research your ownership online, consult with an experienced timeshare resale company or broker, and work with a licensed closing company.
Finding a buyer to purchase your resale time share is also more challenging. When you sell a home you may compete with a neighbor who is also selling a three-bedroom, two-bathroom house, but chances are your property has something that sets it apart, such as a nicer yard or finished basement. When you sell a timeshare, you are competing with multiple owners at your resort who have an identical unit, an identical week and an identical need to sell. Differentiating your property becomes the determining factor in your ability to sell.
Truth #2: You will not get back what you originally paid for your timeshare.
This is often the most difficult truth for a seller to hear. When you bought from the developer, you overpaid — it is that simple. The total cost of your ownership was marked up to cover sales presentations, incentives and giveaways. Chances are the sales person may have also told you that your timeshare would appreciate in value. This is simply not true, except in rare cases at high-end fractional properties. Resale timeshares often sell for only 50% of the original price — some for as little as 20-30%.
You can sell, but you have to price your property competitively. Because there are so many similar properties and weeks on the resale market, the differentiating factor is price. We encourage our customers to price their timeshares for resale at the fair market value, because this gives them the greatest chance of success. If you are unsure what your timeshare is worth, we offer a timeshare resale value survey. If you are in need of cash immediately to cover maintenance fees or other expenses, we also recommend renting out your timeshare week.
Truth #3: There are BUYERS out there.
Years ago many new buyers were unaware that the secondary market existed. The good news is that with companies like SellMyTimeshareNOW and ARDA (the American Resort Development Association) spreading the word, buyers know they can find great savings by purchasing time share resales by owner. Why would they buy from the resort when they could save upwards of 50% for the same resort, unit and week?
While no one can guarantee your resale timeshare will sell, we can tell you that the current market is filled with buyers: our website is proof of that. For three consecutive years, we have delivered an average of $1 million in inquiries to owners each day, representing thousands of offers to rent and buy timeshares advertised with us daily. (Check out our live offer feed to see the latest offers made on timeshares advertised with us.) Not every offer turns into a sale, but many owners have found success using our platform when they price their properties correctly.
Truth #4: There are scams out there.
With so many owners desperately needing to sell their timeshares, it created an environment in which illegitimate companies were able to swindle hundreds of thousands of dollars from owners. There are many timeshare re-sale scams — both past and present — however, the most common involve companies that claim to have a buyer waiting. Once they have hooked you, they will charge you a fee to appraise or transfer the property, but the sale never goes through. Another common scheme is to pose as a "relief company" and charge a fee to take your timeshare off your hands; similarly, the transfer of ownership never goes through and you remain responsible for the unwanted timeshare and fees.
Do not pay for an appraisal. Do not pay any company that says they have a buyer waiting. If they truly have a buyer for your time share resale, there should be NO fees for you to pay, because the buyer will be responsible for all closing costs and transfer fees.
ARDA began releasing a regular Resale Advisory in the fall of 2009 to warn consumers of potential scams. These advisories are available here or check out the resource center for timeshare resales at ARDA ROC (the Resort Owners' Coalition) .
Truth #5: Legitimate timeshare resale companies are not the enemy.
Despite the number of scams out there, many resale companies strive to provide real, valuable services to timeshare owners and vacationers.
At SellMyTimeshareNOW, we take pride in offering you affordable online advertising to help you sell or rent out your timeshare. There are no commissions and no recurring fees. If you sell, you keep all the proceeds from the resale of your timeshare.
What's more, we are one part of a larger parent company (Vacation HotDeal Companies, Inc.) that offers a wide range of services for timeshare owners. If by owner timeshare resales are not right for you, our affiliated time share resale broker division, Timeshare Broker Services, would be happy to assist you.