The Best Way to Sell a Timeshare

Before you decide to sell your timeshare, make sure you are knowledgeable of all of your options. The first thing we always recommend is to contact your resort developer, as they will have the most up-to-date information and reliable options. As the timeshare industry evolves, the most important concern for owners is to steer clear of scams or pitfalls. Many of today’s top developers are partnered with timeshare resale companies or have their own in-house solutions. 

Exit Responsibly

There are so many different ways to get out of your timeshare. Whether it’s with your developer’s resources or a resale brokerage, you can exit your timeshare legally and safely. But what about timeshare scams? How can you be sure that you are seeking the right help and that you won’t be burned in the end? Take a look at some warning signs and red flags when you’re thinking about getting out of your ownership. The best way to sell a timeshare is always by starting with research into the best companies out there. 

timeshare cancellation

Timeshare Cancellation

Timeshare ownership is technically like owning a deeded piece of real estate. If someone tells you that you can “cancel” your timeshare contract, this is not the case and it can hurt your credit standing!

the best way to sell a timeshare

Out of the Blue Buyers

A reputable, trustworthy timeshare resale company or agent will never call you unsolicited. This is actually against the law, and goes against the ARDA Members Code of Ethics. If someone calls you out of the blue with a willing buyer, this is likely a scam. 

sell timeshare without upfront fees

Upfront Fees

You should never have to pay exorbitant up-front fees to sell your ownership. Some advertising companies may request a small up-front fee for marketing, but a legitimate timeshare resale company will not ask for you to pay thousands of dollars to close. 

timeshare maintenance fees

Never Stop Paying Annual Dues

You should never stop paying your annual dues or maintenance fees. These fees are legally binding in your contract. If a timeshare exit team or lawyer advises you to stop paying your dues, take warning. This will result in a drastic decrease in your credit score, and you will likely default on your ownership. 

Frequently Asked Questions

Depending on your timeshare developer, you may have the option to sell your timeshare back to the resort. Many brands have in-house programs to assist owners in their transitional time.

Wyndham Cares

Wyndham owners in need of exit solutions can turn to Wyndham Cares. This free program is designed to offer options for each owner’s unique situation.

Ovation by Wyndham

For Wyndham owners that are current on their dues and have their loan paid-off, Ovation by Wyndham may be able to take your timeshare back. This safe timeshare exit solution is reliable, safe, and relatively quick.

The Legacy Program by Westgate

The Legacy Program by Westgate is here for you. Designed to assist owners in understanding their options, Westgate can offer to take your ownership back. Their representatives may also walk you through how to use your timeshare to its fullest potential, or help you find the safest options to exit.

ARDA Coalition for Responsible Exit

ARDA, the American Resort Development Association, is the trusted source for all developers, resale companies, and owners in the timeshare industry. ARDA pushes for legislative action and protection of all parties in timeshare. Every major developer adheres to ARDA’s strict Code of Ethics and guidelines to protect owners, buyers, and even sellers. If you choose to sell your timeshare with a resale company, make sure they are ARDA approved and accredited by the Better Business Bureau.

Your timeshare maintenance fees are required to pay every year, and are part of your contract. If you stop paying your maintenance fees, it will hurt your credit score and you will likely default on your ownership. If a timeshare exit company or attorney advises you to cease payments, be cautious. This is not in your best interest, and makes it much more difficult to exit your timeshare in the long run.

It is rare for owners to receive back what they originally paid for with their timeshare. Timeshares are not an investment and do not appreciate in value. Before turning to a resale company, exit attorney, or cancellation company, ask your friends and family if they would be interested in taking your timeshare for you. Gifting your timeshare can be a great option to get out of your timeshare maintenance fees or dues. Make sure you consult with your developer and a legitimate Title Insurance Company to assist in transferring ownership.

While you may own a deeded piece of real estate that’s recorded with the resort county, timeshare does not work the same as buying and selling houses. Most common real estate agents do not sell timeshares, but there are specialists that do. Fidelity Real Estate is a licensed timeshare brokerage with expertise and knowledge in the resale market. We are also members of ARDA and accredited by the Better Business Bureau. 

best way to sell timeshare

Contact Fidelity Real Estate Experts

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Our Licensed Real Estate Agents pride themselves on providing outstanding service and support. We’re here to guide timeshare buyers and sellers through every step of the resale process.

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1-800-410-8326

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team@fidelityresales.com

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