Over 9 million Americans own timeshare rentals.
With the world in flux as it has been recently, you may be wondering whether a timeshare rental is the best investment or even how to sell your timeshare.
If you are wondering whether it is time to sell, then read on. Our short guide looks at some of the main reasons people choose to sell their timeshare property. Perhaps it is time for you to join them?
1. You’re Not Using It Enough
As a timeshare owner, this may not shock you, but many studies show the main reason people want to sell is lack of use. Over time people’s priorities change. You may not have the time to vacation like you used to.
Your timeshare club has not updated its facilities in a while, so you may feel a pang of tedium at returning to the same place each year. Or maybe you have fallen out of love with the area.
Life also tends to get in the way. Children and grandchildren come along, and priorities change. Your life may now look very different from when you first thought about buying a timeshare.
Things change, and that’s fine. But if this is the case, then perhaps it is time to consider moving on and resell your timeshare as well.
Top 5 Things to Consider While Buying Luxury Homes in Toronto
2. You Can No Longer Afford The Costs
Timeshare rentals are a big financial responsibility. If you selected a financing option at purchase, then you will have monthly fees to pay. Add to that the yearly costs of maintenance fees and the costs of ownership begin to rack up.
Not to mention those maintenance fees are growing every year. If you own a timeshare in an area affected by extreme weather, like hurricanes, you might also find you have to add repair costs to the list. Altogether, they can make the cost of owning a timeshare a little challenging.
If you are looking at the cost of your current timeshare, year on year, and feeling that the costs are starting to outweigh the benefits, then perhaps it is time to resell and move on.
A good timeshare reseller like Hilton Flamingo resales can help you find the best price when it’s time to resell your property.
3. The Resort Isn’t Adapting
One important thing to the lifespan of a successful timeshare is that the resort is somewhere you want to spend your time. Resorts are often resold and change hands between brands. When they do, it can often be a time for a change.
You may find that a new owner does not have the same vision for the future as you do for the resort. Perhaps they which to modernize the resort and bring in entertainment venues that do not match your interests.
Worse still, they may choose not to invest in the resort and let maintenance and updates fall by the wayside. If this is the case, then it is very much time to consider moving on to a new location and reselling your timeshare.
Also read: Reasons Why Property Owners Should Hire Restoration Companies
Time To Sell Your Timeshare?
If reading this guide has made you start to think that you should sell your timeshare, then it is time to speak to a specialist like Hilton Flamingo. They will guide you through the process and help you find the best resale price for your property.
If you found this article useful, please take a moment to read another blog on our site.
