When you've decided to sell your timeshare, you may be wondering how to go about it. There are a variety of options. Some people prefer to work directly with a real estate broker. Others prefer to use a resale company. Whatever you decide, there are things you should know.

 

First, you'll need to determine your legal rights to rescind your contract. The vast majority of states have legally mandated rescission periods of at least three to ten days. However, some states do not require you to have the right of rescission. If you live in one of those states, it is best to seek out a real estate professional who knows your rights. You'll also want to review your contract to make sure you are protected against any problems.

 

You should also beware of cold calls from timeshare companies. These types of companies often claim to have your personal information from other organizations, so walk away. Additionally, many of these companies offer high prices. Many of them are scams that have duped countless people. Visit this site: sellingtimeshares.net for more info on selling timeshares.

 

Another option for selling your timeshare is to use a resale agent. A professional resale agency will not ask you to pay any upfront fees or maintenance fees. They can help you avoid problems that come with selling your timeshare. In addition, you won't have to pay for advertising, legal fees or any other fees related to the sale.

 

One benefit to using a resale agent is that the broker only receives commission when your timeshare sells. This can help you feel secure. Also, a seasoned agent will know how to sell your timeshare to a potential buyer.

 

It is also possible to have a timeshare company buy your unit at a reduced rate. However, you will still have to pay the yearly fees. Plus, your credit rating may suffer. Your lender may report your failure to pay the fees to the credit bureaus. While this is an alternative, it isn't an ideal solution.

 

Lastly, you will need to find out how long it takes for your transaction to close. Timeshare resales typically take six to ten weeks, but this can vary depending on the resort and the price.

 

It is important to make your decision on a timeshare before you sign any documents. Once you sign, you have a limited amount of time to rescind your purchase. During this period, you'll want to discuss your options with the sales representative. Doing so will give you more control over the resale process.

 

Ultimately, you'll need to choose a resale company that you can trust. Look for a name that has a good reputation and a proven track record. For example, the Hilton Grand Vacations Club, which is an international membership organization, has a dedicated timeshare resale specialist in their company. Get more info here on where you can find timeshare cottages.

 

Timeshare companies may contact you by phone, email, or direct mail. The first step in the resale process is to have a consultation with your timeshare company. To familiarize yourself more with this topic, it is best that you check out this post: https://en.wikipedia.org/wiki/Timeshare.