At first, a timeshare seems convenient, but after a while you may realize that it is more expensive than you have anticipated (there are taxes, maintenance fees and mortgage!), or it simply does not fit into your lifestyle anymore, and you start wandering how do I sell my timeshare property legally.
Either way, selling your timeshare will prove to be extremely difficult. If you ever thought that a timeshare is a good investment, now is the time to realize this is not true. Sooner or later, you will understand that a timeshare has very little value and you will be lucky if you manage to get a fraction of the money you paid when you purchased it.
A sale is even more difficult to achieve if your unit is small, can be used off season or belongs to a resort that is not properly maintained.
Selling your timeshare is a slow process and you might have to wait for months untill someone interested finally shows up. If you are in a hurry, there is no other way than sell for a lower price – sometimes for the lowest possible price.
You may list your unit with a real estate agency or hire an experienced lawyer to help you in the process of getting rid of your timeshare contract. Whatever strategy you use, you must become familiar with timeshare legal provisions in your state.
First Posted on: What Does It Mean to Sell A Timeshare?
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