Is It The Right Time To Sell Your Timeshare?

 Is It The Right Time To Sell Your Timeshare?

 Timeshares are incredibly expensive when you consider the costs and financial implications of keeping one. This has led to a countless number of people into bad credit situations. Knowing how to get out of a timeshare legally is one thing; knowing the right time to sell is another. Here, we explore tips on knowing the right time to sell your timeshare:

  1. Immediately your honeymoon is over: Probably, buying a timeshare contract was the only way you and your partner could enjoy that vacation destination; fine and good. Now that the honeymoon or vacation is over, it is probably the best time to sell the contract and get out early with only a minimum loss at worse, or even a marginal profit.
  2. When vacation season approaches: Because there are others out there looking for timeshare contracts during the general vacation seasons, it is a bit easier to sell your contract and recover some money. Typically, you should expect to get back around 30% to 50% of your original price after the sales. This is how to get out of a timeshare without going through a stressful process.
  3. When you have access to a company that deals in timeshare resales: Although you might not have planned to sell the contract, it is best to sell it once you find a suitable company that can sell the contract on your behalf. You know why? You might just be saving yourself a great amount of stress and money which could have been lost if you had to sell the contract by yourself.
  4. When you notice the maintenance bills increasing: This option is only advisable if in the first place you have enough financial power to keep the property for a reasonable time. But once you notice that the maintenance fees are increasing, it is best to sell off or explore other legal methods on how to get out of a timeshare contract. Huge bills will further dent your pocket, especially if you had no prior agreement to get a discount when you pay for repairs and maintenance.

Although you can sell your contract any time to someone else, always remember that the best time to sell a timeshare is before you buy it –I mean, you do not have to buy a timeshare in the first place. There are other better options available for renting a vacation home when you need it.

Paul diverson