Timeshare ownership actually refers to owning a designated parcel of time for sharing vacation property which is typically a week or more each year. It can be something as common as a condominium or as exotic as a private jet or yacht. However, as some owners realized that they want to get out of their timeshares, their common is to resell such property. On the other hand, some owners also make their units available for rent in the hopes that it will give a financial return.
First, check if you are legally able to rent out or sell your timeshare week. Then, find out exactly what week(s) you are able to sell. Do your research also on how much you can sell your timeshare week for by the available websites such as redweek.com, ebay.com or even local newspapers where your timeshare is located.
Write the ad for your unit available for sell or rent. Try to include the details on how many people the timeshare sleeps, what the timeshare resort amenities are, what rules and regulations the buyers will need to follow while there, how to get payment to you and what the penalties are if they cancel. After that, it’s time to post the ad on several different websites, including the ones listed above. Include pictures in the listing as well as your contact information.
Timeshares are known as properties that are hard to get away from. That’s why some owners simply hire a timeshare transfer company such as the Transfer Smart when they want to get rid of it. However, most owners want to recover some cash that they initially paid for such property and they do that by selling it or renting it out. If you’re among these owners, the above-mentioned points can be your guide.