Selling Your Time Share
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How To Get The Most Money Out of Your Time Share When It Comes Time To Sell
It started as a simple idea based on the assumption that people dont need vacation lodging except for a week or two a year. Take a house, cabin, condominium, or villa, and divide ownership into 52 weeks (in practice its usually divided into 51 weeks with one week allowed for maintenance). It allows you to purchase the time spent as vacation lodging, and 1/51 of the ownership of the home.
The next logical step in the development of timeshare was to be able to exchange time in these places between people who want to vacation in different areas each year. So, the two entities youll likely be dealing with are the resort lodging, or timeshare itself, and an exchange company.
The number of systems in use for buying timeshares has grown tremendously in recent years, but three systems are commonly in use: fee simple, leasehold, and right-to-use (RTU). If you currently own a timeshare you are no doubt familiar with these, but what happens when for any number of reasons, you decide you want to sell your time share.
One reason may be that the time share no longer fits into your lifestyle. Perhaps you now have a family with young children and no longer want a time share in an adult resort area. Or perhaps you have reached your retirement years and are looking for a time share that has more to offer you such as golfing or the ability to travel at any time of the year.
Another reason that you might want to sell your time share is because you can no longer afford to pay the taxes, maintenance fees, or mortgage on your time share.
No matter what reasons have led you to want to sell your time share you will want to make as much as you can while at the same time having a quick sale. For most people who sell their time share it may be very hard for them to achieve both the top dollar and the quick sale.
The truth is that most people who sell their time share gain back very little of the original price that they paid for their time share to begin with. If you are looking to sell your timeshare and come out ahead of the game this is the book that will show you how.
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