All the information you need on selling timeshare privately and how to go about it yourself.
Owners must find a way of making the general public aware that their Timeshare is for sale. You must price your unit competitively if you want to sell it quickly. Check prices around including auctions, bargain sales and eBay. Then find a way of advertising it.
This can be done:
- Through friends
- Through the resort
- Local adverts in shops and newspapers
- Exchange & Mart
- National Press lineage (The Telegraph is good on this, but expensive. About £50+ for minimum lineage)
- The internet i.e. eBay
- Or use the services of a resale broker and pay for the service
Things to consider when Selling Timeshare Privately
If you do it yourself, you should be aware of legal and financial problems attached to the transfer which could be complicated and expensive. It is advisable to use the conveyancing services of a Timeshare resale brokerage to handle the legal transfer because of the difficulty in payment and in many cases arranging the transfer itself.
Travel & Leisure Group have a conveyancing department, fees range from £100 to £250 + costs of certification. This includes solicitors Escrow account cost where purchase monies will be held until completion of sale.
Another long established Timeshare conveyancer is FNTC (First National Trustee Company), who are trustees for many resorts, they concentrate more on club transfers. FNTC hold monies themselves as stake holders. For land registrations and other complex ownership we would recommend Travel & Leisure Conveyancing.
Most Timeshare Resale companies use the services of a trustee company or subcontract it out. They do not handle any complex transfers such as American title or “Escrituras” in Spain, Portugal mainly – these companies do not handle stock of this nature.