We’re approaching one of the busiest times of the year in the timeshare world. Many owners are planning their winter getaways or looking into exchange options, bills for annual dues are arriving in the mail, and others are starting to look into selling their timeshare. As specialists in the timeshare resale space, we see many reasons why people seek to sell a timeshare—people from all walks of life own intervals in all parts of the world, and with this great variety comes a great deal of motivations behind seeking relief. Recently, we’ve been listening to your comments and concerns regarding your timeshare, and have compiled a report of the most common reasons behind turning to the resale market.
You might be wondering how to sell a timeshare in the first place. Choosing to sell your ownership on the resale market is not always an easy one to make, but there are resources out there to help you. With our innovative for-sale-by-owner ads, you can create a high-quality virtual advertisement for your property and attract interested buyers or renters from all over the world within our high-traffic marketplace. For more information, read up on how to sell your timeshare.
Have you been thinking about selling your timeshare recently? Let’s walk through the top reasons why people choose to sell.
This may come as a surprise, but studies show that the most common reason why an owner chooses to sell a timeshare is due to lack of use. The vast majority of respondents simply do not use their timeshare as much as they once did, and realize it’s not worth keeping around. Many vacation clubs have modernized the timeshare ownership experience to introduce a greater variety of vacation options, but for those who do not, vacationing to the same spot during the same time every year can grow tiresome and result in disinterest. It’s not uncommon to fall out of love with your timeshare—many people are in the exact same boat!
Let’s face it, timeshares are a luxury vacation option that can often cost thousands of dollars per year to maintain. If you chose to finance your timeshare when you bought it, you’re already likely paying monthly costs to pay it off. Couple that with yearly maintenance fees that rise every year, and ownership can grow pricey. It also isn’t uncommon for natural disasters and weather events like Hurricanes Harvey, Irma, and Maria to drive up repair and maintenance costs on a case-by-case basis. Many owners in those situations can feel the resulting costs in their wallet and decide keeping their timeshare just isn’t worth it.
For many owners, one timeshare is enough. However, our study showed that some owners actually own multiple timeshares, and decide that they only need to keep one. Avid vacationers who have the means to travel often may choose to invest in multiple vacation intervals across different brands or destinations. This is most commonly seen in retirees, who seek to enjoy their retirement by vacationing and traveling multiple times per year. However, the time may come when owners realize they only really need one timeshare, and look to shed the rest.
Simply put, life is unpredictable. Couples separate, grandchildren are born, and other changes make enjoying your timeshare to its fullest potential more difficult. For many, the solution is to simply get rid of their ownership altogether. Resale is a great option for those who happen to find themselves in a different situation than they were when they bought their timeshare, as it enables owners to field offers from interested buyers and accept a price that works for them.
One of the main selling points from resorts and developers who offer vacation ownership solutions is the ability to transfer timeshares to family, friends, and loved ones. A membership within the Disney Vacation Club, for example, may be passed down to children once they reach adulthood and have kids of their own. However, those plans don’t always pan out, and many owners are left with an unwanted timeshare. If your family or friends don’t want to assume ownership of your timeshare, you can find someone else to buy it on the resale market.
The timeshare industry is one that’s constantly changing and improving, and with it, different resorts are purchased by other brands, certain companies opt to go public, and more variables enter the mix. Certain owners may find that they have fewer vacation options from whichever resort they purchased from, or do not enjoy the brand personality that manages their vacation ownership. Lack of variety and inventory for preferred vacations, for whatever reason, is cause enough for many to bid their timeshare adieu.
If you find yourself in one or more of the above scenarios, it isn’t too late. Timeshare resale is a viable and realistic option for getting rid of your unwanted timeshare. Whether you’re not interested in it, can’t afford it, or are unable to enjoy it, you can place a high-quality advertisement to attract an interested buyer and offload your timeshare to someone who may enjoy it. Reach out to a resale representative by calling 1-877-815-4227 to learn more.