Don't fall into the upfront fee scams.. All those companies will do is sell your timeshare online for $1 (and you can do that yourself for far less than $3,500!)..
Selling a timeshare can be a very frustrating experience, but if you just apply some good old fashioned common sense- you can find a way out!
First- determine if there is any resale value for what you own..
You do this by putting yourself in the place of a buyer. Search online to find ads for similar ownerships. Also, contact your resort to see if they have any recommendations for you (many associations offer exit strategies or broker recommendations to you). Look for a respected resale brokerage that has a history of working with your resort. MOST IMPORTANTLY- NEVER PAY AN UPFRONT FEE! Legitimate brokers will earn a commission at closing..
If the property has value, chances are you can list with a broker and they'll walk you through the entire process..
If the property has no resale value (and many do not!)..
Start by calling your resort management company or home owners association to see if they accept deedbacks or have an exit program you can utilize.. (It always amazes me how many people ignore this step!).. Ask about the transfer process and if they can recommend a closing agent or title company if the ownership is deeded..
You can also find free information about the process of transferring ownership here:http://www.timesharefo...
Each resort is different, so if you don't see the closing process detailed for your resort, simply ask a question. Chances are someone has already been through the process and can give you advice!
Place as many low cost or free ads as possible! There are numerous venues where you can advertise. Sometimes a simple google search can work wonders! You often need to avoid the companies that show at the top of the search (they pay for those rankings- so in turn will usually require a large upfront fee!).. Get as much exposure as possible.. Also, look at advertising in the same area that your resort is in (or in the nearest metro area to it) in free print classifieds.
Even if you end up selling it yourself- you will spend far less than thousands!
Rich Marquette Licensed Real Estate Associate http://rich-marquette....