Are Timeshare Resales Worth it?

So you’re thinking about buying (or selling) a timeshare resale. Perhaps you’ve been daydreaming about annual vacations (guaranteed!) to exotic places that are already booked on the calendar, year after year. Maybe you’ve seen a glossy advertisement at a travel agent’s office (are travel agents still a thing?) and can practically taste that sweet Pina Colada.

To decide if a timeshare resale is worth it for you, you have to know your goals, your values and what you hope to get out of the property in the long run.

The timeshare resale market is saturated and it can be difficult to sell your property for a profit. You may decide that you would like to transfer ownership to a family member as a gift or for a nominal feel. Regardless of whether you gift your timeshare, or sell it to a family member, you will need to follow the legal protocol of the country where your timeshare is located.

If you decide... Read the rest of this entry »

How to Transfer Timeshare Ownership

If you've decided to either gift your timeshare to a family member or sell your timeshare, you will transfer timeshare ownershipneed to transfer ownership of your timeshare to the new party. A transfer of ownership is handled in a formal, and often complex, process. Because of the nature of the process, it might be in your best interest to hire a closing company to take care of the paperwork for you. You can, however, handle the process yourself if you choose. If you decide to do it yourself, follow these steps to... Read the rest of this entry »