Can I sell my timeshare if I still owe money on it?

Technically yes—as long as you are A) able to pay off the balance before the sale and/or B) your selling price is for more than what you owe. The lien does need to be paid before the title can be transferred, however this can often be taking care of during closing. For example, if you owe $5000 on your timeshare, and you sell it for $7000, you will pay off the $5000 that you owe and keep the remaining $2000 after the sale.

Why is my timeshare worth less now than when I purchased it?

When you contact our company looking to sell, a specialist will gather the details about your property and give you a suggested selling price range. You may find this range to be less than what you initially paid for your timeshare! Although this news may be disappointing, there are many reasons that your property has depreciated.

When the developer and resort market their timeshares for sale, they spend thousands and thousands of dollars in advertising. Most timeshare companies offer free vacations, giveaways, theme park tickets—even cash!—in exchange for going on a timeshare tour! Out of every ten tours given, usually only one will purchase, so this means that that one sale has to make a profit on the marketing spent to attract the other nine unsuccessful tours. It is estimated that at least 30% of a timeshare’s original price is marketing costs alone!

The resale market is dependent on one thing—how much the buyer is willing to pay! So keep this in mind—the lower you price your property, the quicker it will sell—contact a specialist to get your fair market value today!

  • How To Sell My Timeshare

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