The average cost of a timeshare that you can use for one week a year is around $24,140.
If you recently bought a timeshare, you may be in a position now where you can’t afford the expensive cost. It can be challenging to sell, but it’s not impossible, especially in a vacation hotspot like Florida.
Keep reading to learn how to sell a timeshare in Florida.
Is There a Market?
There are people out there who are willing to buy your Florida timeshare program, but you’ll have to list it on the resale market.
You should collaborate with a professional who can help you sell your Florida timeshare. Transferring ownership can be complicated, so it can help to have someone walk you through the process.
Florida has many timeshare programs, like Marriott Vacation Club, Hilton Grand Vacations, Disney Vacation Club, and Club Wyndham. Premium brands might sell easier than lesser-known ones.
For example, if you have a DVC timeshare, check out this page.
Look Into Deedbacks
A deedback program might be the best option for selling a timeshare in Florida. A deedback program is a service that some timeshare companies will sell.
If your timeshare is paid off, then you can sell it back to the timeshare company. However, many companies don’t announce this, so you may need to look for more information on it.
Even if you’ve fully paid off your timeshare, you will still have to pay timeshare fees to the developer. These fees include maintenance fees to keep up with the timeshare, so the developer will want to keep collecting them versus buying back your timeshare.
However, not every timeshare company will even offer this buyback program. If you’re trying to find out if this program is available, check your timeshare contract first.
Even if you do have this program available, the resort may deny the request first. You may be able to convince them to accept it, but it could take months or years.
Sell Your Timeshare
If you don’t have a deedback program, you can sell your timeshare to someone else. There are places where you can list your timeshare for other buyers.
All you need to do is list it with an agent, and then people can place offers on it. Once they make an offer, you’ll work with a real estate agent who can help you broker the process.
You’ll have to draft contracts and transfer the title, but once all of that is finalized, you’ll have sold your timeshare.
Learn More About How to Sell a Timeshare in Florida
These are only a few tips on how to sell a timeshare in Florida, but there are many tips and tricks to get it sold successfully.
You need to find the right agent who can help you navigate the timeshare reseller market.
Check out our other articles for more information on the timeshare market!