Sell My Timeshare With No Upfront Fees
Why is it so hard to Sell a Timeshare?
As the number of timeshare ownerships increase, the number of owners who want to sell timeshare without paying an upfront fee also increases. Unfortunately, there are not many legitimate avenues available for these owners, and with so many people being duped out of their hard earned money by fraudulent companies, it can be difficult to know where to turn. The limited number of options for owners of timeshares who want to sell include:
From the resort’s point of view, they are happy collecting the annual fees from current owners and do not want to get involved in the resale process. This mentality has shifted a bit with the recent downturn in the economy in 2010. Some owners have stopped paying because of financial issues, or have simply declared bankruptcy, giving their timeshare back to the resort. This has created an issue for HOAs because the loss of income from these owners is taking a toll on the resort’s operating budgets, leaving less money in reserves for renovations, repairs and landscaping.
More resorts are beginning to help their owners sell their timeshare, but the problem is that most of these programs are not proactive in helping. The resort may simply have a website to post resales to other owners, but lack the resources to employ licensed sales agents to actively search for buyers. If you want to sell timeshare without upfront fees, it would be a good idea to check with your resort first to see if they offer owners any help with the resale process.
Just like selling a home, it is very possible to sell a timeshare on your own. Unlike selling a home, however, timeshares are very different and require a special understanding about pricing and marketing to find a buyer. There are many resources available to people to find buyers, including general advertising such as craigslist and ebay. Websites specializing in timeshare advertising for sale include BuyATimeshare.com, Timeshare Adventures or Sell My Timeshare Now.
While these services can help find you a buyer, you are still left alone when it comes to negotiating with your buyer and transferring title. Some of these services also charge upfront fees for marketing your timeshare. While some caution to never pay an advance fee to sell your timeshare, there are times were it might make sense if the fee was reasonable and you got what you pay for. For example, paying “up front” to sell a timeshare is much different than paying for marketing, similar to placing an advertisement in your local paper. If you are considering paying for marketing, make sure you do your research on the scope of advertising provided, as well as the company you are dealing with to make sure their services are legitimate.
Just like in traditional real estate, there are specialty timeshare brokers that work exclusively with timeshare buyers and sellers, instead of residential real estate. These professionals have completed the educational and experiential requirements and passed their respective state’s licensing requirements to operate in real estate. Brokers rarely, if ever charge an upfront fee but instead work on a purely commission basis.
Timeshare Broker Associates, LLC is one such brokerage that exclusively handles timeshare buyers and sellers. We are licensed in Florida and specialize in Florida timeshare properties. We find buyers through our extensive relationships with other brokers around the country and a select number of by-owner resale companies to find buyers. We handle the entire process, from the timeshare listing agreement, negotiating sales and drawing up the timeshare purchase and sale agreements. We even have connections with some of the best title companies in the industry to make sure the title is properly conveyed to the buyer.
Still wondering “how do I sell my timeshare without upfront fees?”
Give us a call today and we can help explain the process to sell a timeshare and give you an estimate of what your timeshare is worth in today’s market. Use the services of a licensed timeshare broker to ensure your resale goes smoothly.