I know I might be talking here with you not knowing what timeshare really is; so I will be posting some of its facts (how and what it does) today. Let us remember that there are actually 2 simple ways how timeshare is sold. One is by weeks where an owner will own a set week or a floating week as well. Two is to get points. We might be confused about points at times but points results weeks also.

The question now is whether timeshares are really good as an investment or not. For most of us, we know timeshare is an investment similar to houses (real estate). Nevertheless, some stressed that timeshares are far from being a good investment.

Let us ask this question first, what is a timeshare?

A timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time (typically one week, and almost always the same time every year) in which they may use the property. Units may be on a part-ownership or lease/”right to use” basis, in which the sharer holds no claim to ownership of the property.

There will always be a point that you will eventually let go of your timeshare and why? I don’t know exactly why but we all have different reasons and that’s for sure. Well, I’ve asked that same question before–do I have to sell my timeshare? You know what, I sold my beautiful resort and it was hard letting go of it but it pays out in the long run.

The economy right now has been a roller coaster ride for most of us. Many of us would throw up (excuse me for the term) because we aren’t relaxed; but some would still have fun. Pretty weird as an example but its true, that when we can’t take it anymore (I mean the drama or something) we let go. Same way, today when we are bombarded with so many fees and unnecessary expenses, we cut other irrelevant expenditures.

Our timeshare might be our home away from work; but in times like these, selling it is inevitable. We don’t want to pay double because of other fees and etc in the future, so why not sell it. Others also sold their timeshare, and it was not only because of additional payments nor they don’t need it anymore, but they want to minimize vacation weeks. My reason before was simply I don’t want to pay too much maintenance fees. That’s it!

Nothing is better than having a vacation with your family and your loved ones; however, going in a vacation without thinking of financial disruptions is way way better! A lot can agree with that for sure! A lot of us have booked and stayed in high price villas, hotels, resorts and condominiums during our work breaks with our families and I am sure in some point, many of us ended up thinking of the total expenses we had. Later on, we planned and looked for a way to spend wisely the next time, and yes many of us believed that buying a timeshare for multiple weeks or less can make it work.

Yeah, it did actually become much cheaper than spending twice as much. We stayed in a beautiful resort that we, in some point, owned. Nevertheless, today, timeshare ownership is starting to wither because of high price maintenance fees. In fact, we have come to a point right now that we need to sell our timeshare a.s.a.p so as to avoid increasing fees. Our goal to save before seems to become another way to spend more.

I have asked a lot of people about how to sell my timeshare and they have given different answers that I found reliable but mostly a bunch of junk. I went to eHow.com and checked out some tips over there and I simply found the most straightforward solution and I quoted them below.

The first part is to sell your timeshare through a company.

1. Call up your timeshare corporation and inform them that you wish to sell your timeshare. Demand to speak with the lead or senior sales agent. This way you guarantee they are not just following protocol. If you can, go in person.
2. Many corporations attempt to use leverage marketing against time share re-sellers. They will make the opposite arguments about the value of timeshare investment when you attempt to sell it as when you purchased it. This will include supply and demand, devaluation, recessions, etc.
3. You are the sales person. Have a pitch, take control and get what you want.
4. During your sales pitch, cite very specific examples of why you are selling. If it was poor service, run down rooms or whatever, it is in your best interest to tell them about their problems. Because many timeshares paint a better picture than reality, it is your job to let them know you feel cheated, robbed and lied to.
5. Do NOT settle on the first price they quote you. They will continue to try to sell you on a low-ball price. When you bought the time share, they sold it to you with a buyout price buffer zone, so that even if you sell it back at the real value, they still profit.

The second part is to sell the your timeshare through a dealer.

1. Conduct a cost benefit analysis of the fees and commissions taken by a timeshare dealer. Often, the difference is less than a thousand dollars, and involves nearly a year of listings.
2. Keep in mind it is in their interest to get a lower price for your timeshare. They want to sell it for a profit just like the resort or corporation did
3. Select a reputable timeshare dealer. Many organizations will charge for listings but do very little work to sell your timeshare. Many potential sellers simply wait and wait in the vain hope of the agency selling their timeshare.
4. The agency sale will give you an estimated selling price, and as time goes on, this price will drop. Just because you’ve selected a timeshare dealer does not mean you are stuck with them. It’s your investment–protect it.

The quoted text above can also be seen by clicking this link.

After reading this, I know you’re excited to give it a shot. I have tried it and had sold one of my timeshares successfully. If you want to find some other sources on how to do it the best way, just do some research or check this website time to time for some new posts regarding timeshare and other real estate concerns. Thank you very much.