Selling a timeshare

We are always told at a timeshare presentation that there are at least 7 different ways of using a timehare week. You can:-
1. Use it
2. Lend it
3. Let it
4. Swap/exchange it
5. Let it stand empty
6. Bequeath it in your Will
7. Sell it
The first 6 are relatively easy, but number 7 is somewhat more difficult.

If you bought your week from the resort, then do not expect to get back anywhere near what you paid for it. Timeshare values do not go up!

First of all, have a look at the OTE website to see a list of accredited timeshare resale companies.

Then go to those resale company websites and search for the same resort you want to sell. Phone the companies up and discuss the saleability of your week. Get an idea of what they believe your week is worth.

Members of OTE cannot make you pay to sell your timeshare. They will try to get you to pay to advertise but I prefer to register my week only as I believe that, if someone is a serious buyer, then they will call the resale company and ask what weeks are available.

Do not be tempted to react to any resale company who wants you to travel abroad to meet a prospective buyer or to sell your week and pay to join a points club to reduce your maintenance fees. Don't get caught by Companies who say they have a buyer but ask you for money so they can proceed with the sale. The buyer will soon disappear!

I have sold 2 of my weeks in recent years. I must admit I had little success with the resale agents. I sold both weeks through Ebay and was satisfied with the amount I received. Be very careful with your Ebay pricing though. I managed to buy 2 very valuable RCI points weeks on Ebay (together worth 90000 points) for just £77! I have had good value from them over the last couple of years but have now decided to sell them.

I am advised that they are worth about £1250 each. Watch out Ebay! Here I come!!

timetraveller