“Can you tell me how to sell my timeshare?”
There are plenty of reasons why you may be looking to say goodbye to your timeshare. Perhaps you’re getting older now and no longer travel abroad, or maybe you are ready to discover different kinds of holidays. Perhaps your timeshare is just not affordable anymore. Whatever the reason for moving on, there are ways to make selling your timeshare easy and straightforward.
Deciding Which Option Suits You
Depending upon your reasons for no longer wanting your timeshare, you need to choose which option best suits you. You can:
- Sell your timeshare for cash
- Exchange it for a more suitable timeshare for you
- Upgrade to another timeshare in your resort
- Trade in for another product
Myths and Facts About Selling Your Timeshare
The timeshare industry has been going for over fifty years, which should tell you something. No product that’s not worth its salt is going to be around for that long. Despite the many problems within the industry, at its heart timeshare is a good concept that has provided happy holidays for thousands over the years.
Many companies would have you believe that your timeshare is worthless, and encourage you to sell for a loss. You’ll hear that it’s impossible to sell, and that anyone claiming to be able to sell your timeshare for you is a con artist. There is some truth to these claims. Yes, there are a lot of sharks in the water, and yes, it can be hard to find the right route to selling your timeshare. However, it is neither impossible, nor necessarily fraught with peril.
So long as you do your homework and understand what to expect and what to avoid, you can sell your timeshare without losing out.
Advertising Your Timeshare
People wanting to sell their timeshare have many avenues for advertising. Timeshare forums often have online marketplaces for listing your timeshare, you’ll find hundreds of timeshares for sale on eBay, in newspapers and even in the resort itself.
However, the big problem with these places to sell your timeshare is that you’ll be competing against other timeshare sellers to offer the lowest price. You’re effectively putting yourself in a situation of trying to make more of a financial loss than the next seller. It is the negative press that the industry has received that makes timeshare sellers, in Europe and worldwide, so desperate to sell that they panic advertise at such a low rate that they further devalue the entire timeshare concept.
SellMyTimeshare.tv offer a free listing service, which is compliant with the EU timeshare legislation, that states that no monies should be taken upfront. This is compared to some other RDO / TATOC approved resellers, who charge for the webpage creation, design work and so on, to get around this legality.
Selling Your Timeshare At A Loss
It is true that there is a worldwide supply and demand problem in the timeshare industry. When the number of timeshare buyers becomes disproportionate to the number of sellers, then prices will fall. That is why you are likely to need to sell your timeshare for less than you bought it.
The negative press around the timeshare industry has contributed to this problem. With so many scammers out there, people have understandably become skeptical about the entire industry, which makes it very hard to sort the sheep from the wolves. Disingenuous timeshare resale companies attempt to mimic the business model of the legitimate timeshare resellers, leaving timeshare sellers completely confused and desperate to offload their timeshare by any means necessary.
What To Avoid
Seek out a reputable company for selling your timeshare. You should be wary of companies that offer to advertise your timeshare for a fee. This is actually illegal under EU legislation. Even if a company claims to be a member of a “timeshare consumer body”, if they are charging a fee, they’re breaking the law. Likewise, if you’re told it’s already sold and you just need to pay legal fees, and even if you’re told that they’ll sell your timeshare for free. If everything is free, how is the company making money? It doesn’t make sense.
We’ve put together a thorough guide to avoiding timeshare scammers, which you can read here:
The best thing you can do, if you’ve decided that it’s time to sell your timeshare, is to get some expert advice. SellMyTimeshare.tv is different to other timeshare resellers in that we are not in it for the hard sell. We believe in the good within the timeshare industry, and we are committed to being the proof that there are legitimate and beneficial ways to make the most of your timeshare sale.
We give honest advice to those who come to us. We listen and offer potential solutions that fit with the individual circumstances of timeshare owners, and work together to find a way that works out best for all parties. We encourage you to learn as much as you can about selling your timeshare, as well as other options such as exchanging, renting and transferring timeshare. The more informed you are, the better equipped you’ll be to make a decision about your timeshare that is right for you.
- Tuesday, 12 April 2016 09:11