“A timeshares value is solely determined by what others are willing to pay for it, not what the property is listed for. Extreme market saturation and poor performance has led to a surplus of timeshare resales sure to pass on to the heirs of the current holders…“
A luxurious Marriott Timeshare Sells on eBay for only $1 (above)
A popular ‘Sell My Timeshare’ website has over 10,450 people trying to sell their timeshare - in Florida alone! (above)
Google results list over 495,000 different “timeshare resale websites” that have hundreds of thousands of weeks for sale (above)
“Many timeshare owners don’t realize the lies they were told about the resale market until years later when they first attempt to sell their timeshare…“
The first step in understanding if and how you are going to be able to sell your timeshare is to discover the value of your timeshare. How do you discover the value of your timeshare? The number one thing to remember is that value is only what someone else will pay for your item. I can not reinforce this statement enough when dealing with timeshare values. Your timeshare is only worth what someone else is willing to pay for it. That’s it. Your timeshare is NOT worth what you paid for it at the resort. Your timeshare is NOT worth what you see others “selling” their timeshare for online. Your timeshare is only worth what people are actually BUYING a similar timeshare for. These absolute truths must be kept in mind when considering timeshare resales on the timeshare secondary market.
The “Redemption and Release Timeshare Resale Industry Analysis Report – 2011″ states its belief that roughly 88% of all timeshares on the resale market have an actual value of less than $200. Even at this low price, maintenance fees and transfer fees become prohibitive for most to ever sell. These factors lead to most timeshare owners never being able to sell their timeshare and paying rising annual fees indefinitely.
Once you have discovered what your timeshare value is, it is time to advertise. The key to successful advertisement is to network aggressively in your local community. Once you have determined your sales price (based on your research above) we suggest drafting up a few hundred For Sale flyers. These timeshare resale flyers need to be well designed with “loud” lettering and big bold prices and action phrases like “ACT NOW”. Also, make sure you cut pull-off-tags with your phone number on the bottom of each of your flyers. The objective here is to advertise locally in your community to persons without a computer!
The only realistic chance you have to sell your timeshare in todays age is to find someone at church, at work, or at the local hang out, that does not use computers very efficiently. By doing this you have the ability to share your timeshare ownership liquidation opportunity with someone who otherwise would never know how to purchase a timeshare except for at the resort. You can literally save someone who doesn’t use a computer tens of thousands of dollars by advertising your timeshare for sale locally in the community and keeping your prospective client from the depressed timeshare secondary market that is exposed online. Keep your patience though, you will have many people calling just to inquire and never actually want to purchase it as well as your share of prank calls. However, if you aggressively market in your local area and post flyers around town you may just have a chance to sell your timeshare on your own.
We hope this in-depth analysis of the timeshare secondary market has helped educate you on the factors affecting your chances of selling your timeshare. Redemption and Release, LLC strives to provide our clients with exceptional value with our Free Timeshare Help Articles and also with our Timeshare Redemption services. If you would like to be done with your timeshare permanently and without any of the headache listed in this article, contact us and it would be our pleasure to discuss our 100% guaranteed Timeshare Redemption services.
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