Can’t keep up with timeshare annual maintenance fees, or have your travel preferences changed? No problem, we’re here to help. Thanks to trustworthy timeshare resale companies like us at BuyATimeshare.com, selling timeshares has never been easier. Advertising your ownership on the timeshare resale market is an excellent and legitimate way to “exit” your timeshare responsibly. So, if you’re ready to part ways with your existing timeshare, continue reading our blog to get the full rundown of selling timeshares on the resale market!
- Understanding Timeshare Ownership
- What is the Right of First Refusal?
- Interested in Selling Timeshares?
- How To Sell a Timeshare on the Timeshare Resale Market
- Working with a Timeshare Company for Selling Timeshares
- Avoiding Timeshare Scams
- Selling Your Timeshare Without Upfront Fees
- Sell Your Timeshare with BuyATimeshare.com
Understanding Timeshare Ownership
Before we dive into how to sell your timeshare, it’s vital to understand timeshare ownership in general. When you purchase a timeshare from a developer, you are typically asked to sign a contract stating the laws and regulations applied to your ownership. For some, the right of first refusal clause is embedded.
As timeshare contracts can be difficult to withdraw from, you must contact your timeshare property first so they can help you navigate options. But, for many, reselling is a legitimate way to get out of your timeshare.
So, now that we’ve covered the bases, let’s jump into the topic of the right of first refusal.
What is the Right of First Refusal?
The right of first refusal, or ROFR, clause gives the timeshare resort the option to purchase the ownership if the seller and buyer agree on a price. Further, timeshare resorts may utilize the ROFR clause to maintain control over the property, making it more challenging to sell your timeshare.
Understanding the Right of First Refusal
If a contract has the ROFR clause stated, it’s vital to understand how this may affect the resale process. With this, ROFR limits the flexibility and options for selling timeshares, so we suggest negotiating with the resort to waive the ROFR clause. As the owner, it’s essential to have the power to sell your timeshare to who you want and at the price you want.
So, when and if you get the clearance to sell your timeshare, we’re here to help you every step of the way! Continue reading to find out more.
Interested in Selling Timeshares?
Selling timeshares has never been easier! When you work with an accredited timeshare resale company like BAT, we help create a perfect ad for viewers worldwide. So, if you’re ready to sell, we have you covered!
How To Sell a Timeshare on the Timeshare Resale Market
Westgate Park City Resort And Spa
Selling a timeshare has four easy steps: determining your value, creating an ad, negotiating offers, and closing!
Determining the Value of Your Timeshare
You set the price; yes, you read that right. You have complete control over what you want to list as your timeshare ownership. However, we suggest having a realistic mindset and researching the resale market to determine a fair price for your timeshare. When settling on a price, consider all factors, including location, amenities, unit size, and the number of weeks or points available. Additionally, you can get an appraisal from a licensed real estate agent or a timeshare specialist.
Create a Compelling Advertisement
Once you’ve decided on a price, it’s time to start the advertising process. You must obtain all the ownership information and details to create the perfect ad. With our high-end marketing tools, our team will create a compelling advertisement with remarkable photos and top-notch resort descriptions.
Finding a Buyer for Your Timeshare
Once your advertisement is live on the resale market, it has the potential to reach prospective buyers from all over the world. Further, when you work with a timeshare resale company like BAT, we strive to connect with customers to help owners like you sell their property. Once buyers become interested in an ad, they will write up an offer. So, prepare to negotiate and respond to inquiries from interested buyers. Once you’ve accepted an offer, you can let us at BAT handle the selling process.
Completing the Sale (Closing Process)
Once an offer has come in and you’ve accepted it, the closing process begins on the property. Our friends at Timeshare Broker Associates can handle the closing process to ensure a smooth transaction. Furthermore, the sale is complete when the title transfer is finalized, the funds are disbursed, and all documents are signed and recorded. Once that is complete, the timeshare is officially sold.
Working with a Timeshare Company for Selling Timeshares
As the selling process can be done in four easy steps, we encourage timeshare owners to work with a reputable company for easy selling. Before working with a company, it’s crucial to research the company to ensure it is legitimate and not a scam. If you need help finding one, you can look for companies like us at BAT that are members of the American Resort Development Association (ARDA).
Furthermore, while some companies offer upfront fees, BAT does not! So, be on the lookout for fees and services offered by the company.
While you may find no upfront fees a plus, you might also wonder about the benefits of working with a timeshare company. If that’s the case, continue to learn why selling timeshares is a must with resale companies.
Benefits of Working with a Timeshare Company
When you sell your timeshare with a resale company, they can help connect you to potential buyers through exceptional advertising and marketing. Resale companies typically guide owners on pricing, negotiations, and closing processes and ensure a smooth transaction. In addition to this, they can also help you avoid timeshare scams and companies claiming to be exit solutions.
Avoiding Timeshare Scams
When selling your timeshare, remain cautious of timeshare exit companies or cancellation companies claiming to be fast exit solutions. These companies can charge ridiculous fees, promise unrealistic results, and convince you to stop paying maintenance fees.
Continue to learn about some of the red flags you should watch out for.
Red Flags to Watch Out For
To avoid timeshare scams, owners should watch out for:
- Companies that guarantee a sale or promise a specific price.
- Companies that have a poor reputation or don’t obtain proper licensing.
- Companies that suggest you stop paying your annual maintenance fees.
- Companies that charge high upfront fees or have hidden costs.
Selling Your Timeshare Without Upfront Fees
It is possible to sell your timeshare without paying upfront fees. Look for companies that only charge fees when the sale is completed or offer a free consultation. However, many companies provide services with no upfront fees or low cost. Lastly, some owners may benefit from working with a licensed real estate agent, or a timeshare resale specialist may be beneficial.
So, are you ready to advertise your property now that you’ve learned about selling timeshares, resale companies, and scams to look out for? If so, look no further than BuyATimeshare.com!
Sell Your Timeshare with BuyATimeshare.com
At BuyATimeshare.com, we help owners like you sell your timeshare with no hidden fees. Although we can’t tell you how fast your property will sell, we can guarantee you’ll be pleased with our substantial efforts of effective communication and marketing strategies to help your ad get the attention it deserves. At BAT, when you sell, we will guide you through the entire process from start to finish, ensuring you feel confident throughout the whole transaction.
So, if you’re ready to sell your timeshare, we’re here to help! To get started, call us at 1-800-610-2734 or email us at info@buyatimeshare.com. Happy selling!
