Have you been thinking of getting out of your timeshare? If like most people you started with a quick search on: can you sell a timeshare, you have probably realized that this long-term agreement is not the easiest to cancel. There is a bright side, however. If you are caught up on all payments, selling off your timeshare is far from impossible. In fact, there are a number of viable options on how to sell a timeshare that is paid off.
Notably, however, figuring out the best way to sell a timeshare will to a great extent depend on your developer’s policies. Let us evaluate the options available to help you figure out the most suitable one for you.
Consider Timeshare Resale
One of the least painful ways to get rid of your contract is through a timeshare resale. Essentially, this means listing your unit for sale and hoping for the best. The only major challenge with this option is that there are countless ads out there for timeshare resales. Getting yours the attention it deserves might not be a walk in the park.
Rather than limit your exposure to your social media circle, consider enlisting the services of legitimate timeshare marketing services like Grayscale Marketing Source. As a seasoned player in timeshare marketing, Grayscale Marketing Source has the necessary experience to handle this sensitive task. In addition to offering marketing consultation, it will help you create a plan and give you the required exposure on its marketplace to assist in pushing the sale.
Check Your Resort’s Timeshare Deed-Back Program
Another viable option is the timeshare deed-back program that basically allows you to surrender the deed to your resort. However, this option is only applicable if your resort has such a program in place. Go through your contract to figure out if it does and then reach out to the developer. It is worth noting that most resorts only accept this option under extreme circumstances such as a death in the family or the loss of employment.
Renting Out Your Property
Instead of selling your timeshare, consider renting out the property to offset the routine maintenance fees and possibly make some gains. This option only applies if your contract allows it. Many who shy away from the long-term binding agreement that comes with timeshare purchases are more open to one-time vacation deals. If eventually, you would still want to sell the deed, this is a great way to minimize maintenance costs as you wait for a viable purchase deal.
Gift Your Timeshare Away
While the above options will help you get rid of the timeshare, it could take time before you seal a good deal. If in the meantime maintenance fees are crippling your finances, you could always consider giving it away as a gift to a family member or someone in your circle of friends. Take time to go through the agreement with them to ensure they understand all the applicable conditions before signing up.
Get an Expert to Hold Your Hand
If you have been wondering how to sell a timeshare, all of the above are viable options to consider. Before settling on any one of them, make sure you understand the developer’s terms and conditions to avoid incurring hefty penalties. Consider getting help from an experienced timeshares sales team to navigate these murky waters. Doing so will help you steer clear of common pitfalls that could get you stuck even deeper in the same contract you are trying to escape.
