Understanding How Timeshare Resales Work

Timeshare resales can be a confusing topic, especially if you have never dealt with them before. The very nature of timeshares make them somewhat complex because you are sharing a piece of property with 51 other people. Then when you try to transfer ownership of that right to someone else, it takes on another form entirely. Here are a few things to keep in mind about how timeshare resales work. 

Deeded Property vs. RTU

Something that you need to understand in order to sell your timeshare is whether you have a deeded piece of property or a RTU. RTU describes a property with rights to use and is basically like a long-term lease on a timeshare. At a certain point it expires and becomes worthless. With a deeded property, you actually have it until you die or sell it to someone else. 

Price is Critical

The most important factor in a timeshare resale is the price. If you price the timeshare too high, no one will even look at it. Timeshares typically sell at a fraction of their original cost. It is not uncommon to sell a timeshare for 30% of what you originally paid for it. Do not overprice it, or it will not sell. 

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