Selling a vacation timeshare may seem a bit overwhelming to the owner. However, the process does not need to be intimidating. Simply following some basic guidelines can help alleviate any stress associated with selling a vacation timeshare.
Obtain any vacation timeshare documents. These items may include a description of the timeshare, a contract or agreement, a list of rules or regulations and/or inclusions or exclusions paperwork.
Review the vacation timeshare documents to ascertain whether there are any restrictions on selling the timeshare or if there are any conditions that must be filed. For instance, many timeshares include a "right of first refusal," which is a retained right of the original seller of the timeshare or resort where the timeshare is located to purchase the timeshare prior to the seller's offering it to another party.
Research the offering price of similar timeshares. Specifically, try to obtain information on closed, finished transactions so that you know exactly what amount was paid for the timeshare. You may be able to obtain this information by checking real estate records in the jurisdiction in which you reside, requesting the information from the resort that the timeshare is located in or by asking a local real estate agent for assistance.
Advertise the timeshare in appropriate places. For instance, you may want to list the timeshare in regional newspapers. A Florida timeshare may appeal to residents in the north, so you may want to advertise in those newspapers. Furthermore, you may want to advertise on websites such as Craigslist or your own resort's newsletter, if available. Finally, you may seek to list your timeshare with a timeshare for sale website, such as SellMyTimeshareNow.com. However, be sure to investigate the details, such as any commissions or fees that may be assessed for listing your timeshare on the site.
Provide photographs and descriptive information if contacted by prospective buyers. Provide photographs depicting the area in its best season. For instance, if offering a summer timeshare on the ocean, include a sunset photograph if you can. Furthermore, gain a sense of the potential buyer's lifestyle and provide relevant information. For example, if the potential buyer is a businessperson, you may want to include a list of the amenities that appeal to such a person, such as wireless Internet access, fax machines and/or conference room availability.
