Selling Your Timeshare

Everyone seems to have his or her view of the perfect vacation. Maybe it is a cabin up in the mountains someplace. Maybe it is a house on the beach.  Regardless,  buying that second vacation spot sounds like a wonderful opportunity. For some people, buyinga timeshare as a second home is a great investment. For others, it can turn into a nightmare.

                If you find yourself in a situation where you want to sell your timeshare, you can choose whether to sell it yourself or to use a company. There are advantages and disadvantages to each.

1.       Sell it yourself. This requires you to go through many of the same procedures that would come along with selling your own house. You will have showings and have to deal with advertising. Many times you might be able to get more money for it, but it can also cause a lot of headache as well.

2.       Use a company. There are many companies that specialize in helping you sell your timeshare. Some of them offer direct transfer of your timeshare which allows you to get rid of it quickly. Others use escrow agreements which allow you to use them as your broker as you work out contracts. However, this method does require you to pay the company that you use.

As you are deciding how to sell a timeshare, you can keep in mind the advantages and disadvantages of choosing to sell it yourself or of using a company. Some methods, such as direct transfer timeshares, require less work for you, but they might also provide less money for you. Escrow agreements can provide you someone who will go between you and a potential buyer. Deciding how to sell a timeshare can be a bit tricky, but understanding the options available can help you through this process.