If you want to sell timeshare obligations, there are a few important notes you should consider. You could need to sell your timeshare for any number of reasons. If you never use it or you can no longer afford it, it may be time to put it on the market. The timeshare resale market is a very large real estate market by itself. Here are a few steps that you can take to sell your timeshare.
1. Understand What You Have
You need to make sure that you understand exactly what you are trying to sell. You need to know whether you have a deeded property or a Right To Use agreement. An RTU will not be worth as much as a deeded property, especially if the expiration date is near.
2. Price it Right
Timeshare resales often sell for 30 to 50% of what their original selling price. Therefore, you need to price it competitively in order to make sure that it sells in a timely manner. Price is the most important factor in timeshare sales.
You need to market your timeshare in as many places as you possibly can. You can put it in classified ads, post it online, and use many other methods to promote it.