Feeling a bit intimidated about selling your timeshare? No worries, we understand! There are quite a few myths about the timeshare resale market out there. Plus, with so much misinformation in the air, it can be hard to know exactly who you can trust. That’s why we’re here to help. With over 20 years of experience in the timeshare resale market, we’re the best place to turn to for tips on selling timeshares. Keep reading to learn about the best way to sell a timeshare property!
Why Trust Us for the Best Way to Sell a Timeshare?
We know what you might be wondering, “If there’s so much misinformation out there, how do I know Fidelity Real Estate is trustworthy?” It’s a pretty reasonable question, so let’s talk a bit about why you can trust us. Like we mentioned earlier, we’ve been helping timeshare owners sell their timeshares for over 20 years. As a result, it’s safe to say that we have plenty of experience in the field. That experience is great, but it’s not all we have backing us up. We’re also the featured reseller of the American Resort Development Association, also known as ARDA. ARDA is a group that is dedicated to keeping everyone in the timeshare industry safe: timeshare companies, buyers, sellers, you name it. As ARDA’s featured reseller, we’re bound to a strict code of ethics that help uphold that standard of safety.
So, what does this all mean? It means that we have decades of experience when it comes to helping timeshare owners, alongside a reputation for acting ethically and honestly. Who else could be better to offer tips when it comes to navigating the resale market? Next, let’s go over some tips on the best way to sell a timeshare property.
Get in Contact With Your Developer
We always recommend that you reach out to your timeshare developer first. If you no longer want your timeshare ownership, the timeshare company you purchased it from may be able to assist you themselves. In fact, some of these companies even offer timeshare deed back programs. These programs allow owners to give the timeshare back to their developer. With that said, not every timeshare company has a program like this, and if you want to recoup some costs, selling your timeshare on the resale market is your best bet.
Why the Resale Market Is the Best Way To Sell a Timeshare
A licensed real estate brokerage with a history of helping timeshare owners is the best way to sell a timeshare property if you don’t have any other options. It is possible to sell a timeshare yourself, but we don’t recommend you do so unless you are an expert in reselling timeshares.
If you’re looking for a bit of financial relief, you will be happy to know that some resale companies require no up-front fees. Naturally, this is a major perk for sellers as they can alleviate the monetary burden that comes with the selling process.
Want to learn about how we can help you save on selling your timeshare? Then check out our video, “How to Sell a Timeshare Without Upfront Fees.”
Common Scams to Avoid When You Sell a Timeshare
Now that we’ve looked at the best ways to sell a timeshare, it’s important to be wary about some pitfalls in the world of timeshare resales. So, here are some things you’ll need to know if you want to avoid timeshare scams.
Red Flags to Watch Out for if You Want to Sell a Timeshare
- High up-front fees. Just because a company charges up-front fees doesn’t mean they are a scammer. However, it is something to keep an eye on as a timeshare owner. If someone requires ridiculous fees up front from you with a wire transfer then, proceed with caution. You shouldn’t send someone money unless you know exactly what it’s for and why it’s needed.
- “Timeshare Exit” Companies. When you sell a timeshare, it’s important to know you can’t cancel a timeshare contract. When you first purchase a timeshare, most states offer a rescission period of a few days. You cannot cancel your timeshare after the rescission period ends because you are legally bound to your contract. A timeshare exit company may appear legitimate, but you’ll see in just a moment why they often cause more harm than good.
- Stop paying your timeshare maintenance fees. Proceed with caution if a timeshare exit company instructs you to stop paying your annual maintenance fees. You should only stop paying these fees if your resort developer notifies you that you no longer own a timeshare with them. This is because failure to pay your fees can lead to you defaulting on your timeshare ownership and damaging your credit. As a result, this is one of the most harmful timeshare scams out there, as it can have long-term repercussions. Ultimately, the best way to safely exit timeshare contracts is by selling your timeshare appropriately.
- Out of the blue phone calls or emails. It is illegal for anyone to contact you out of the blue, informing you that they have an interested buyer for your timeshare. You should never respond to unsolicited contact from a resale company unless you have given them permission to reach out to you.
Expectations When Deciding to Sell a Timeshare
While selling a timeshare is the best way to move on from your ownership, it’s important to keep your expectations in check about the outcome. Timeshares are a luxury product, kind of like cars, which means that once they’ve been used, they depreciate in value. While some timeshares, like those with Disney Vacation Club, may sometimes maintain their resale value over the years, they’re the exception, not the rule. This means that timeshare sales shouldn’t be seen as a way to make a profit. You’ll likely recoup some costs from purchasing your timeshare property, but often what will bring buyers in is the lower resale price. Ultimately, selling your timeshare with a trusted resale company is the best way to avoid scams and stop maintenance fees. Moreover, it’s important to keep your expectations in check through the process.
Work With Fidelity to Sell Your Timeshare
If you want the best way to sell a timeshare property, Fidelity Real Estate is perfect for you! We have the experience needed to guide you through the resale process and a reputation you can trust. But that’s not all we have. With our online marketplace, we make the act of selling timeshares as convenient as possible. You’ll get to work with one of our timeshare resale specialists to create a listing on our marketplace. From there, your listing will have the chance to be seen by thousands of potential buyers from around the world. Plus, our digital process allows owners to sell their timeshare entirely from the comfort of their own homes. What’s not to love? Fill out the form below to say goodbye to your ownership today!
Contact Fidelity
Do you still have questions? No problem! feel free to give us a call at 1-800-410-8326 or email us at [email protected]. Our licensed agents are always happy to help!
