This question is debated by thousands of timeshare owners, if not most timeshare owners, at some point. Whey you first bought your timeshare you may not have been thinking of how to sell your timeshare when the time comes.
So here you are, ready to sell your timeshare – but how do you go about it?
Over the next few days I will be discussing the options you have in answering that question, “How do I sell my timeshare?”
The first way many people think of selling their timeshare is by selling it themselves, or the For Sale By Owner approach. After all, you have heard of home owners using the For Sale By Owner approach to selling their home, right?
Selling your timeshare this way would require you to run your own ads or find your buyer some other way, locate a title company or escrow company who can handle the closing, and maybe find an attorney who can handle the sale.
Running your own ads to sell your timeshare will involve fielding quite a few calls from people who know nothing about timeshares. You will get inundated with callers asking you if it is a “home” you are selling for such a great price in that fantastic destination!
Finding a title company that can handle a timeshare closing is not that simple. Only a few title companies in the US can handle a timeshare closing. As you know, the buyer for your timeshare may live in a different state, the timeshare may be in yet a different state, and the title company will have to be able to sift through requirements of the states and their jurisdictions.
How do I sell my timeshare, and sell it myself? There are a lot of wickets to get through when you sell your timeshare yourself. Tomorrow I will be discussing a very different approach.