Ready to sell your timeshare? We get it. Things change. Maybe you’ve grown tired of your home resort, or maybe you just don’t have as much time to travel anymore. Whatever your reason, the act of putting your timeshare up for sale should never cost you money. That’s why with Fidelity Real Estate, you’re never charged an upfront fee. As timeshare resale specialists, we are dedicated to making selling your timeshare as seamless as possible. We help individuals like you sell their timeshare daily. So, wondering how to sell timeshare without upfront fees? Read along to find out.
- Do Real Estate Agents Sell Timeshares?
- Who Will Buy My Timeshare?
- How Much Can I Get For My Timeshare?
- How Much Does It Cost to Sell My Timeshare?
- How to Avoid Timeshare Scams
- Why Sell My Timeshare With Fidelity's Licensed Real Estate Agents?
- Guide to How to Sell Timeshare Without Upfront Fees
- The Process of Selling a Timeshare on the Resale Market
- Watch Our Video Guide on How to Sell Timeshare Without Upfront Fees
- Sell Your Timeshare With Fidelity Real Estate (No Upfront Fees EVER)
Do Real Estate Agents Sell Timeshares?
Timeshares are usually deeded properties, just like a house. Even if you have a points-based timeshare, oftentimes, you will receive a deed that shows ownership of your points. So, while it’s not surprising that real estate agents can sell timeshares, not all of them do. What’s more, selling a timeshare can be a complex process. Not all real estate agents are familiar with timeshare resales, and they will likely refer you to a brokerage that specializes in it.
There are legitimate timeshare resale companies that also have licensed agents that can help you, like Fidelity Real Estate.
Why Should I Work With a Brokerage to Sell My Timeshare Without Upfront Fees?
Since timeshares are a special type of real estate, the best way to sell a timeshare is with a licensed real estate agent who specializes in resales. When working with the right brokerage, you will be able to sell your timeshare without upfront costs!
Selling a timeshare often requires different laws and regulations. As a result, it’s important to find a real estate agency that specializes in timeshare resale. Even if you know a real estate agent, they may not know all the rules to selling a timeshare property, like transferring the title.
If you still owe money on your timeshare, however, it may be more difficult to sell your ownership, especially if you are behind on payments. If this is the case, contact your developer or resort for assistance. You may be able to catch up on your payments or safely exit your ownership using the resort’s options and resources.
Who Will Buy My Timeshare?
Despite what many people claim, we’re here to tell you that many people will buy timeshares from the resale market. There’s no harm in trying to sell a timeshare, especially when you don’t have to pay anything unless it sells. At Fidelity, we receive inquiries daily from interested buyers for Wyndham, DVC, Hilton, and other top resort timeshares.
Buyers often look at the timeshare resale market so they can add to their ownership or become an owner while spending less. Buying a timeshare resale can come with restrictions. For owners who don’t want the higher price tag, they think these restrictions are worth it instead of buying from the resort directly.
If you’re wondering who will buy your timeshare, don’t worry. In our experience, many buyers look to the resale market to add to their existing ownership at a better rate. The most important thing to remember when selling your timeshare is to manage your expectations and choose a company that you trust to list it for you.
How Much Can I Get For My Timeshare?
Timeshares are not an investment, so your timeshare’s worth will not be the same as when you bought it. Further, timeshares rarely appreciate in value. But if you want to say goodbye to maintenance fees and annual dues forever, especially if you are no longer using your ownership, selling is one of the best ways to do so.
If you are wondering how much you should sell your timeshare for, we always recommend looking at comparable timeshares to yours to see what their asking price is. If you decide to sell with us, your listing agent can do some research for you to help you price your timeshare to comparable units.
How Much Does It Cost to Sell My Timeshare?
It shouldn’t cost you anything to sell your timeshare on the timeshare resale market. However, if you are behind on your timeshare maintenance fees or have any outstanding dues, you will need to pay them off first.
Normally, the buyer will pay for closing costs when making an offer on your timeshare. These terms are negotiable as well. So, the buyer may ask you to pay commissions or other fees involved in the closing process. It is up to you whether you decline or accept an offer.
So, Can I Sell a Timeshare With No Upfront Fees?
You can sell your timeshare ownership with a licensed brokerage without paying any upfront fees! Our biggest piece of advice is to never pay thousands of dollars in upfront fees to sell your timeshare.
How to Avoid Timeshare Scams
If you’re looking to sell your timeshare without an upfront fee, it’s good to be aware of possible timeshare scams. From high upfront fees to expensive lawyers and fake real estate agents, it can feel hard to sell your timeshare without getting scammed. Do your due diligence, and check with the BBB and the American Resort Development Association to spot scammers.
Often, someone calling from an unknown number will promise they have found a “buyer” for an owner’s timeshare. Be wary if this happens. It is common for scammers to find a list of owners and call them with a “buyer.” Why would they do this? Oftentimes, the unknown caller will then ask you to put some funds in escrow until the “sale” is final, only to never call again.
It is actually illegal for any timeshare company or professional to call you unsolicited. A legitimate resale company will never reach out to you without permission.
If you weren’t even looking to sell your timeshare, then you should definitely take this as a red flag. These callers with a “buyer” may give you an offer that seems too good to be true. Oftentimes, it is highly unlikely that you can sell your timeshare for what you originally paid for.
Timeshare Cancellation
Many timeshare exit companies use the term “timeshare cancellation,” and they often promise they can cancel your timeshare contract. These companies are usually made up of lawyers who will try to find a loophole in your contract. However, they are often unsuccessful in actually helping you get out of your timeshare. Just like other contracts in life, you can’t just cancel a timeshare contract.
Timeshare cancellation companies will also charge thousands of dollars upfront and usually advertise a “100% money-back guarantee.” However, these companies rarely fulfill this guarantee, resulting in hundreds of complaints. So, the true timeshare exit team cost is often quite high.
“Stop Paying Yearly Maintenance Fees”
It’s not in your best interest to listen to anyone who advises you to forgo paying your timeshare maintenance fees, even if it’s a fellow owner on a forum. Defaulting on your ownership will negatively affect your credit report and may lead to future financing difficulties. You should pay your maintenance fees even as you try to sell your timeshare.
Why Sell My Timeshare With Fidelity’s Licensed Real Estate Agents?
It’s easy to sell your timeshare with no upfront fees with Fidelity. At Fidelity Real Estate, we are a legitimate resale company, a licensed real estate brokerage, and members of the American Resort Development Association. Best of all, our selling process is free of ridiculous fees!
We have been the Recommended Resale Broker for over 15 years and have been helping buyers and sellers for over 20 years. Our strong industry partnerships and promise of excellence allow us to be the best in the industry.
Why You Can Trust Fidelity Real Estate to Sell Your Timeshare
- Fidelity Real Estate has been in business for over 20 years as a leader in the timeshare resale industry. Our licensed agents are experts in all brands, products, and the entire resale closing process. We help bring buyers and sellers together.
- We are recommended, preferred, and vetted by top industry developers. Our partnerships with key industry players and fellow ARDA Members reflect our outstanding services and reputation.
- We hold an A+ Rating as an Accredited Business with the Better Business Bureau. We take our reviews and customer feedback seriously to make certain that we are not only following all guidelines to a T but also providing the best level of customer service and care.
- We are a member of ARDA, the American Resort Development Association. ARDA is the trade organization that advocates for timeshare owners, developers, and legislation to protect all parties. As a timeshare resale company, we take certain steps to ensure we are following all regulations and the ARDA Code of Ethics.
Guide to How to Sell Timeshare Without Upfront Fees
Now that you know what Fidelity has to offer, below is a step-by-step guide on how we help you through the listing and closing process of selling your timeshare with no upfront or hidden fees.
The Process of Selling a Timeshare on the Resale Market
1. Contact Fidelity and Connect With a Licensed Real Estate Agent
Fill out a form on our website or call one of our agents at 1-800-410-8326. One of our licensed real estate agents will give you a free consultation to go over the services we can provide to you.
2. Create a Free Listing to Sell Timeshare With No Upfront Fees!
When you’re ready to sell your timeshare with us, we will create a listing for your timeshare. Should you decide to accept our services, there isn’t an upfront fee. You won’t pay a dime. We will work together to create your timeshare listing and set the offer price. Throughout this process, you will have direct communication with your agent and can adjust purchase prices and such accordingly.
When an offer is made on your listing, we will contact you to go over the details. Fidelity Real Estate agents can help facilitate negotiations. If you decide to accept an offer, we will draft up the contracts of sale for both parties to sign. There are a few negotiating points that are common with buyers making an offer, so keep that in mind.
Factors that buyers look for include whether there is already a reservation for the year with your ownership, when points will be available to use, how many points are left in the current year, use year, etc. You have all of the negotiating power, and it’s ultimately up to you whether to accept an offer or decline.
3. Navigate the Right of First Refusal
Once contracts are written and signed, it’s not over yet! The resort that your timeshare is associated with has the Right of First Refusal (ROFR), which means they can step in as the buyer. The Right of First Refusal is written in every timeshare contract, and it gives the resort or developer the right to review the terms of the sale before it moves forward.
If they choose to, your resort may take over the sale and step in as the buyer. Essentially, this means the resort or developer accepts all terms of the sale and will purchase your timeshare back from you instead. If the resort or developer waives the ROFR, we can then continue with the sale with both original parties. Either way, you will still be moving forward with selling your timeshare!
4. Title Transfer and Disbursing Funds
If the ROFR is waived by the resort, we can direct you to a trusted title company that will transfer the title out of your name. The title company will process the title transfer and send the new title and documents to the resort and the county in which the resort is located. This can take a little while, depending on the closing company and the county your resort is located. Be patient, though, because it’s almost done!
Contact the resort to confirm the membership is out of your name. Do not stop paying until you confirm with the resort. You will still be responsible for paying the maintenance fees until the membership is out of your name.
Once all of these steps are complete, you have officially sold your timeshare with no upfront fees!
Watch Our Video Guide on How to Sell Timeshare Without Upfront Fees
If you’d like to learn more about how selling a timeshare works and how to avoid timeshare scams, check out our video, “How to Sell a Timeshare Without Upfront Fees.” In the video, we expand on the most important things you need to know when selling timeshares.
Sell Your Timeshare With Fidelity Real Estate (No Upfront Fees EVER)
As you can see, selling your timeshare doesn’t have to be hard. With Fidelity Real Estate, the resale process is straightforward, convenient, and, most importantly, safe. Call us today at 1 (800) 410-8326, or fill out the form below to speak with an agent and get started today!
