Posting and Selling Your Timeshare
If you're not familiar with the process involved when selling your timeshare, not only can the procedure be daunting, but you may miss a couple of important steps. If you want to avoid some of these steps, we offer a full-service resale option. If you prefer DIY, this step-by-step guide will help guide you through the process:
Don't allow yourself any room for surprises. Find out if you owe anyone first right of refusal on your timeshare before you start advertising.
Understand all costs you must pay to transfer your timeshare and pad those into your sales price, while being careful to price competitively.
In your posting, include as much detail as possible about your timeshare unit, the surrounding location, and anything else you want a potential buyer to know. The more detail you give, the better your chances of selling will be.
Don't try to handle all the details of the timeshare transfer on your own. A title and escrow company will help to make sure no details are missed.
Gather your documentation
Understand your restrictions
Review your documents closely to see if you are legally required to give the original seller (or anyone else) the first right of refusal when selling your timeshare. Even if it is not specified in your ownership documents, you should contact your resort directly to make sure that you can post the timeshare for resale on your own.
Understand your costs
Find out what transfer fees, if any, your resort charges when you transfer your ownership. Find out if they charge commission when you sell your unit, even if they weren't involved in the sale (you may be surprised to know that this DOES occasionally happen!).
Understand restrictions on your buyer
Find out if there are any restrictions that will be imposed on your buyer for buying on the resale market. For example, with Marriott Vacation Club International, the resale buyer cannot participate in the Marriott Rewards program. It is important for you to understand this so you can fully communicate all benefits to your buyer.
If you are choosing the DIY method, please review our posting dos and don'ts. When adding your timeshare resale posting to RedWeek.com, be sure to include as much detail as possible about what is included in the sale, including any restrictions, a description of the type of ownership being offered, exchange company membership, etc. It is also a good idea to include your own photos of the resort and the particular unit you are selling, if possible.
Receive offers via e-mail
When doing it yourself, interested parties will contact you via an e-mail form on RedWeek.com, so make sure the e-mail address we have for you is up-to-date, checked frequently, and doesn't have strict spam filters that cause you to miss legitimate inquiries. A copy of each inquiry sent to you will be stored in your Messages section on RedWeek.com, which should be checked frequently. If some time goes by and you do not receive any inquiries, consider lowering your price, or using our enhance your posting option.
Finalize the transaction
When you've found a buyer, we suggest using a title and escrow company to help you finalize the transfer. Read more about the timeshare resale escrow process.
Deactivate your resale posting
Make sure to take your posting off RedWeek.com when the unit is no longer available for sale. While you're at it, make sure to remove any rental postings you may have added for the same unit, to avoid misleading buyers. You can do this through the Postings section of your Account.
That's it - congratulations! Please be sure to let us know how everything went.