A timeshare is an arrangement where people jointly own a resort or vacation property. It’s an excellent way to enjoy your family holidays without worrying about the availability of accommodation and advance booking. However, owning a timeshare can become a financial burden because of the high maintenance cost over the years. So, if you’ve decided to give up your share of ownership, here are five tips for selling a timeshare easily.

Revisit the timeshare contract
If you want to sell your timeshare easily, you must first become aware of the details in the agreement you signed when buying the property.

The contract will have vital information, such as the name of the resort or real estate property, its size, number of rooms, amenities, etc. It’s also essential to find out what type of access arrangement you had in the timeshare. For example, did you have access for a fixed week during the year or a floating week during a specific period? Some resorts offer points to reserve a particular week of your vacation. Try to find out if you’ve converted accumulated points into equivalent weeks before selling.

Research the timeshare value
Once you’ve revisited the contract and understand your property better, research how much the timeshare is worth.

But have a realistic expectation because a timeshare isn’t an investment that grows with time. It may actually depreciate in some cases. Still, you should be able to recover the amount you invested initially. If you find it hard to come up with an estimate, look for timeshares in the market with a similar area, rooms, and other amenities. Many companies like SellMyTimeshareNow, Timeshare Users Group, and Timeshares Only buy and sell timeshare listings, and they can help you get an accurate idea about your property’s market value. But bear in mind that you may not be able to sell your timeshare if it’s mortgaged.

Find an experienced agent
Hiring a timeshare agent is the best way to sell your timeshare easily. Timeshare agents are professionals familiar with the complexities of such properties and know the market in and out. When hiring an agent, ensure to access their level of experience. The more experienced they are, the easier it will be for you. If you’re looking for services from the timeshare listing companies mentioned above, check if they’re listed on websites like the Better Business Bureau and American Resort to confirm their credibility.

Try to sell back to the resort
If you run into a dead end, try selling your timeshare back to the resort. With many people looking to sell their properties, some resorts have started an internal process of buying back used timeshares. But beware, some resorts may take advantage seeing that you’re desperate to get out. They may offer an upgrade, such as extra weeks or points for another resort complex. This may seem attractive but will only increase your financial burden. If the resort isn’t interested in buying back the timeshare, they may at least help you find a potential buyer.

Contact a timeshare exit company
This is another preferred option for selling your timeshare easily. Exit companies are different from listing companies. Unlike real estate agents or brokers, timeshare exit companies look for legal or ethical ways to help you sell or end your timeshare contract. However, it’s crucial to be aware of scammers that use high-pressure tactics, guarantee early release from a timeshare contract, and ask for credit card numbers before signing a contract. Make sure the timeshare exit company is well-versed with timeshare laws and your rights as a consumer. Some popular timeshare exit companies include Timeshatter, The Newton Group, Seaside Consultants, and Lonestar Transfer.