Being strapped for cash sucks. And nothing is worse than being stuck with a timeshare property, having to pay maintenance fees, mortgages, and all kinds of payments associated with timeshare ownership, right?
Listen, if you must sell your timeshare fast, you are not alone! More and more owners are desperately trying to find out how to get out of timeshare obligations because they simply can’t afford them anymore. Some people lost their job and they are not in a position to keep paying money for an empty property, while others have simply grown tired of visiting. Then, why I keep paying for something I’m not using?”
Look, whatever your individual economic situation may be or reasons behind why you want to sell timeshare for cash, you must first realize that it is a great time to be selling timeshares. There are also several timeshare exchange companies through which timeshares are sold. Which can help you sell your timeshare. Let’s take a look at some of the main ones:
Interval International (II)
Worldwide, Interval International boasts over 2 million members and has more than 2,200 resorts under its belt. II allows users to deposit their weeks and exchange their weeks with II’s available inventory. One of the benefits of II is that it has affiliations with some of the higher end resorts, including Marriott, the Four Seasons, and Westgate.
Trading Places International (TPI)
Similar to Interval International, Trading Places International allows owners to deposit their timeshare weeks at their own timeshare in exchange for use at another one of their resorts.
Resort Condominiums International (RCI)
With thousands of affiliated resorts in over a hundred countries, RCI is one of the dominant timeshare brokers. Their property models have two main exchange programs – points and weeks. On the weeks system, you buy a timeshare in a certain location during a specified week. Red weeks are considered the most valuable, as they are peak weeks for vacationing. The points system runs a little differently. Points are used to buy timeshares. Typically, 50,000 points will net you a two bedroom in any of the RCI week. RCI will continue to rule the market of exchange companies due to its vast market of over 3.6 million members.
The points system, and the week system of both II and TPI, allows for greater mobility for timeshare users. When looking at timeshare exchange companies, make sure you know which system is right for you.
Contrary to popular belief, we have a great market for timeshare resales. After all, you see commercials on TV all the time from companies that can get you cash for your property. So, don’t get discouraged and don’t think that you have to under price your investment in order to sell. Just don’t get carried away trying to sell for 110% profit, OK?
You see, the main reason people can’t sell their properties or they lose money when they do, is because they have no clue what the current value is for their timeshares and they just try to sell it at whatever price they come up in their heads. That’s not smart. You need to know the right price in order to sell it fast! Are you ready to take the next step?