There is an estimated five million timeshares in the United States that have owners.
But it is a fast growing industry so there are buyers out there.
Many owners believe that when they sell their timeshare the process will be the same as selling say a house or condo.
But this is not the case at all because when you sell a home, you can put a for-sale sign in the window or on your front lawn.
With a timeshare, you cannot do this so you need to advertise in places where timeshare buyers are looking.
But have no fear because no matter if you are selling your timeshare because of lifestyle changes, decrease in timeshare value or high maintenance fees, you can sell your timeshare easily with very little headache.
Let's go over a few reasons that people sell their timeshares.
As we mentioned previously, lifestyle changes is one of the major reasons that people sell their timeshares.
What do we mean by lifestyle changes? Things like children leaving the nest and divorce are examples of lifestyle changes.
High maintenance fees are another reason to sell the timeshare.
On a timeshare, there are maintenance fees that need to be paid each year and these fees can be enormous at times.
If you are in a position that you don't even use your timeshare but yet are paid an astronomical maintenance fee each year, it may be time to sell.
You may not be to financially afford these fees each year.
Trying to sell a timeshare without first doing the research on where to advertise and reach buyers will only cause frustration.
Luckily you do not have to pay high broker fees any longer.
The Internet has created timeshare information and services companies to help at more affordable prices.
Step one is to understand the market price for your timeshare.