Whether you are simply unable to use your timeshare week for one year, or want to get rid of your timeshare completely, there are a few sites out there that can assist you with either renting out or selling your timeshare for no cost. Beware of the sites that require you to subscribe to a monthly plan in order for your timeshare to be displayed and sites that require a large amount of money down with offering a money back guarantee. If it sounds too good to be true, it probably is. Below you will find my top three picks for listing, renting out and selling timeshare with very little or no cost.
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Whether you are considering selling your timeshare ‘for sale by owner’, or have already found a buyer for your time share property, in which case - congratulations, there are a few legalities you will need to consider before closing the sale. In either case, you may be wondering whether or not you need a lawyer or broker to complete the transaction. Timeshare is often considered to be tangible real estate, but it is not subject to many of the rules and regulations typical for traditional real estate property. Therefore, there is a unique set of guidelines to follow when transferring ownership of a timeshare through a sale, and many of the traditional rules of real estate do not apply.
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Many timeshare owners out of luck on the resale market choose to offer their timeshare as a donation to a non-profit organization, or NPO. While some NPO’s have shied away from this type of fund raising, there are still many organizations out there that welcome timeshare as a way to raise money for their programs. Below is a list of charitable organizations accepting timeshare donations.
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The timeshare resale market can be tough, and many timeshare owners spend months or even years trying to sell unwanted timeshare. Many of these timeshare resale companies will charge fees for listing available timeshares, which can end up being a costly process - especially when you consider that a final sale is never guaranteed. For timeshare owners looking for a quick way to get out of maintenance and membership fees, timeshare donation is an excellent option. The only drawback to this approach is that most often you will need to own the timeshare outright, i.e. no longer be making any payments on the principal amount of the timeshare.
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If your timeshare falls during a time when you are unable or unwilling to travel, renting out your timeshare can prove to be a profitable alternative to banking the week or losing it all together. Renting out timeshare can usually only be done with the week(s) you own at your home resort, as most resort companies prohibit renting of bonus, exchange, last call, or other extra resort stays.
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