Vacation timeshares are real estate investments. As with any type of real estate a time share can be sold, transferred, rented or assigned. Doing his may not be as easy as the transfer of other types of real property and selling an interest in a time share may not happen as quickly as selling other interests in real estate but it is possible and can be profitable. There are many options available to a time share owner who no longer needs the time share or cannot afford the payments and fees associated with a time share unit.
Understanding a time share is important. A time share is the actual ownership rights in a piece of real property. This ownership interest is only a partial interest with other owners. In a time share that is weekly, each ownership interest is equal to a 1/52 interest in the whole. Some weeks may be worth more than others. But the basic interest is equal to a year divided by the number of weeks in a year.
The price one may receive for a time share will probably be less than was paid originally. Being willing to accept a lower price is necessary in the process. Once a price has been determined, selling a timeshare is like selling any other interest in real property.
There are brokers who are available to assist in selling a timeshare. They will advertise the timeshare on various websites and listing forms and try to find a buyer. A broker will receive a fee or commission when the unit sells. Another possibility is using the resort where your time share is located. Speak to the development manager and tell them, I need assistance to sell my timeshare. They may have persons interested in purchasing an interest in a timeshare. They may also be able to find renters. Time share rentals will bring in some income until a sale is negotiated. Even in a tough market selling a timeshare is possible, patience may be required though.
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