Why Can’t I Sell My Timeshare?
If you’ve recently decided that you no longer wish to be the owner of a timeshare then you may have looked into the timeshare resale market. But as you have probably already realized, selling a timeshare is extremely difficult, and in most cases it is impossible. The main reason selling a timeshare property is so difficult goes back to the basic principles of supply and demand. In the timeshare resale industry, the supply of timeshares significantly outweighs demands for timeshare resales. There are very few people interested in purchasing a timeshare when they can find a comparable or even better vacation package for a lower price offered from the resort or hotel development. So it wouldn’t make sense to the potential buyers in the market to purchase from you when there is a better offer on the table.
The grim economy and increasing annual maintenance fees make timeshares a costly ‘investment.’ So owners are forced into the timeshare resale market that’s already flooded with sellers and no buyers. For this reason, the price of timeshares on the resale market is down to an all time low. Timeshares have depreciated to nearly nothing. Owners want to get out of their timeshares and related fees so badly that they are willing to give away their timeshares for free. This doesn’t apply to all timeshares but there are some owners so desperate to sell timeshare.
So what factors can the reseller control when selling their timeshare? Realistically, you can only affect advertising and price. You need to price your timeshare property competitively if you are really invested in selling it. Do the research necessary to find out what resorts are charging for closed sales and other comparable units on the resale market are going for. Contact timeshare resale brokers and check what timeshares are going for and check the classified ads. Buyers are looking for the best deal so if you’re really serious about selling, it’s in your best interest to sell at a competitive price. When it comes to advertising your timeshare, you want to find the most cost effective approach. There are many sites on the internet that you can advertise your timeshare for free. Avoid resale brokers if you can. More often than not these companies turn out to be scams that promise hot leads for your timeshare. But all that they actually do is list your timeshare for a hefty upfront fee. Then you never hear from the company again, you are still stuck with your timeshare, and you’ve lost even more money.
For those of you looking for timeshare relief this article may be more discouraged. However there is still one more viable timeshare exit solution. Transfer America was founded to help those distressed timeshare owners in the resale industry. The company offers a 100% guaranteed solution to get your name off your timeshare contract. With Transfer America you will be free of your timeshare property and every related cost.
