Selling Timeshares - How to Sell My Timeshare on Ebay or Elsewhere
Here's a common question among timeshare owners who want to sell: Can I sell my timeshare myself? It is unfortunately true that buying is far easier than selling timeshares. Hopefully, however, I can offer you a few tips to get you through the process painlessly and quickly.
If you want to learn how to sell your timeshare fast, the first thing you are going to need to come to terms with is the fact that it isn't going to be worth nearly what you paid for it if you happened to have bought your timeshare from a developer.
It's a fact that the majority of timeshares lose over 50% of their value the moment you sign that purchase contract at the timeshare presentation. Many timeshares lose even more. For example, I picked up my Wyndham Fairshare points after Wyndham bought Fairfield for about .05 cents on the dollar and some might say I got ripped off!
If you can accept the truth of the matter though, you'll have much better success selling your timeshare quickly -- which is pretty much what you would like to accomplish, isn't it. When I decide to let one of mine go, I can usually sell my timeshare in about six weeks, that includes putting in some serious effort.
Pricing Your Timeshare for Sale
There are a ton of websites with timeshare sales listings on them, but many of them are bogus and filled with timeshares that will never sell because they are overpriced.
There are a few timeshare resellers that are legit and I would recommend, but even their listed prices tend to be negotiable. So in order to figure out how much you might be able to get for your timeshare, I recommend you head straight over to Ebay's timeshare pages.
Use Ebay's search feature to search both current and ended auctions and you should be able to get a good ballpark figure on what a buyer is willing to pay for your timeshare. If you can't find any listings for your own resort, try just searching for other timeshares in the local area. Or if you own a premium brand like Marriott, Hilton or Disney, etc. then search for other timeshares in those chains.You should easily be able to find sellers who are selling timeshares for any of the major brands.
Actual ending prices on auctions that SOLD will give you a very good idea of what you can expect for pricing your own.
If you want to try some additional research, you can also check out RedWeek.com, Holidaygroup.com and Tug2.net. Just be aware that listed prices are not necessarily selling prices.
- eBay: Timeshares: Seller Guide
The Ebay timeshares sellers guide will get you started creating the Ebay listing for your timeshare. Ebay charges a small amount upfront to place your listing and then you will pay a percentage of your final sales price.
- Red Week
Red Week is probably best known for timeshare rentals, but they also have plenty of listings for timeshare sales as well. They also require a small membership fee.
- TUG Timeshare Marketplace
The Timeshare Users Group requires a small fee to join TUG before you can place a classified ad, but it is well worth it. They get a lot of traffic.
- Timeshare Documents Kit
Once you have a buyer lined up, Timesharing Today can help you handle the paperwork easily with their document kit.
Sell Your Timeshare Yourself
You will get the best price on your timeshare by selling it yourself. There are three different websites I recommend for selling. Just keep in mind that it is not a good idea to list your timeshare on Ebay and another website at the same time. If you decide to go the Ebay route, only list it on Ebay and then list it for the longest auction period available -- either 7 or 10 days.
I would recommend listing your timeshare on Ebay first and then if it doesn't sell there, try Red Week and TUG. If you aren't in a hurry however, it may be worth your while to use Red Week and TUG first as you may get a bit more money. Ebay timeshare shoppers are usually serious deal hunters.
If you have a desirable unit however, you will sell pretty quickly. Always have some patience though -- renew your listing at least once before giving up on Ebay. Sometimes auctions get lost in the shuffle or you may need to tweak your keywords or listing text to get some interest.
More Timeshare Resources
- Selling your timeshare
If you're looking to sell your timeshare, here's a few more tips on how to avoid scams and where you should list your timeshare to sell.
- Rescinding a Timeshare Contract
If you've only just bought your timeshare, you may still have time to cancel your contract. Check on how to do it here.
- Timeshare Presentations
Here's how to get through the timeshare presentation with your wits and wallet intact.
Let Someone Else Sell Your Timeshare
Unfortunately, I don't have any direct references for companies that can sell your timeshare for you. But there are some things that you need to steer clear of when you go looking for a reseller to handle your listing.
First of all, you should never have to pay a significant amount of money up front to have a real estate agent sell your timeshare. Paying a small fee to post a listing or join a membership in advance is fine --- any classified site is going to have a fee, but usually you are talking less than $50.
But there are a ton of companies out there trying to take advantage of desperate timeshare owners and part of their scam is to require you to pay upfront significant amounts of money to list your timeshare. These fees can range in the hundreds to thousands of dollars.Commissions should only be collected after a sale, not before.
And most of the time, they won't even actually attempt to sell your timeshare. They will just take your money and a few months later tell you it didn't sell. Or they will turn around and sell it themselves on Ebay for $1.00 because you've already paid them far more than the timeshare is worth. Check Ebay timeshare listings that are selling for $1 and you will see what I mean.
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