Selling a timeshare in Colorado doesn’t have to be difficult, even if you live on the opposite end of the map. It’s just like selling anywhere else. So long as you know what to do, you can free yourself from the financial abyss that is timeshare ownership.

There are several avenues you can explore when looking to get rid of a timeshare, and we have outlined them for you. As former owners ourselves, we know how hard it can be to complete the task of selling your property. As such, we have written this brief guide with YOU in mind.

Sell Your Timeshare on Your Own

Before we get into specifics, we would like to warn timeshare owners that this method will test your patience (and sometimes your wallet). It will require a lot of heavy lifting on your end, but it can yield results. There are, after all, various methods for selling on your own.

Some people use newspaper classifieds in order to sell a timeshare property, and if you’re going to use this means we recommend taking out your listing in heavily touristed areas near where your property is located. The reason for this is that tourists are more inclined to be interested in your listing than natives — I mean, natives already live there. Research what papers charge in that area, as this method can get expensive fast once you factor in the cost of text per-line.

If newspapers sound too unreliable, you can always try selling your property on ebay. There is a market out there for timeshares, as you’ll see. This is both good and bad; good in that you’re likely to find a buyer, but bad in that it is a very competitive outlet. If you’re going to find a buyer, we suggest scoping out similar properties. See how much they are going for, paying attention to the ads with the most activity. Come up with a competitive price that stands a chance of fetching potential buyers, and be willing to take a loss on your original buying price; it won’t translate now that you’re selling.

Use a Resale Company

We personally recommend this outlet as it has proved the most reliable way to selling a property. When you resell a timeshare, you’re putting the hard work into the hands of experienced veterans who know the workings of the industry. As with anything else, there are precautions you need to take before making any decisions on who to work with.

When looking for a resale company, make sure they are legitimate. You can do this by researching the company online by visiting forums, reading testimonials, or making general inquiries with the company itself. For every reputable company out there, there are easily six fly-by-night operations only interested in one thing: divorcing you from your money, not your timeshare. Avoid any company that asks you to pay upfront fees, and ignore any one who promises a sale over night.

If you’re truly interested in selling your timeshare in Colorado, fill out the form on our homepage for a free consultation of your property. We deal directly with companies that have proven their reliability with helping owners get rid of timeshares, so you don’t have to worry.

Timeshare sales scams make up most of the public perception of the timeshare industry as a whole – and with good reason. You see, where some people might benefit from owning a timeshare, well, those numbers are few and far between. As I always tell potential buyers: You have a better chance of winning the lottery than you do of benefitting from a timeshare.

While my quip is merely that – a witty exaggeration (to an extent) – the truth of the matter is that, more often than not, timeshare pitches are scams. Countless men and women have fallen victim to well thought-out timeshare scams, and we’ve helped our share of them. To keep others safe, we have compiled a list of timeshare scams you didn’t know were scams.

• Free Gifts: This is the classic means of roping people into buying timeshares. A salesperson comes to you and offers a fabulous prize, and all you have to do is sit through a “short” presentation. It seems innocent enough, but many companies merely use these as bait, and some even refuse to hold up their end of the deal if you don’t sign the contract.
• Ignore Rescission Periods: All too often salespersons have been trained to carefully read the contracts aloud while conveniently leaving out the portion that mentions your legally allotted rescission period. This is key, as this period is the amount of time you have to back out of a contract without suffering any cost. Hmm… I wonder why they leave that one out?
• Promised Value: Salespersons will promise that the value of your timeshare will increase as time goes on, but this simply is not true. When the time comes to resell a timeshare, you will find that the average asking price will be up to 50% less than you paid for it originally.
• The Double Up: With this scam, salespersons make the claim that buying a timeshare now will allow current timeshare owners to sell their original property at a price that’s too good to be true – and it is. Upon buying the second property you will be told that your first property couldn’t be sold. Now you own two timeshares, not just one.

This list only makes up the tip of the iceberg as scams flood the industry daily. However, they are a great place to start if you’re thinking of buying a timeshare.

If you feel you have been victim to one of these scams (or all of them) and you want to get rid of your timeshare for good, fill in the information below to hear back from one of our resale specialists. Consultations are free.

Odds are you’re here because you are looking to resell/ sell your timeshare, but you haven’t the slightest idea how to go about it. No problem. There are actually a few ways to do this, and they’re relatively easy.

The two methods to selling your timeshare are as such:

• Sell a timeshare on your own
• Sell using a Resale Company

Both methods are proven methods, and they each have their pros and cons. The option you choose will rely on a number of factors including your urgency to sell, as well as your personal bottom line. Before making the decision to sell a timeshare, however, there are some things you need to come to terms with:

• You will not make all of your money back. Timeshares do not increase in value, and most people buying on the second hand market are not willing to pay what you may have paid.
• Patience is a virtue. Timeshare sales cannot be done over night. In almost every case you will likely be waiting anywhere between 2 – 8 weeks before you get a potential buyer to contact you. Don’t let this wait discourage you. There are buyers out there, but they have a lot to mull over before making the commitment.

Sell a Timeshare on Your Own

This method understandably involves your participation more than any other. You have to understand competitive pricing, and also brush up on how the timeshare market works. Those are surprisingly simple tasks, so let’s get to the means of selling at your disposal.

• You can sell a timeshare via a local paper: Take out a classified ad in a local paper, preferably in the local publication of the city in which your timeshare is located. This will catch the eyes of tourists who might be more likely to purchase a timeshare over some one in, say, your small home town.
• You can sell your timeshare on ebay: This method is a lot more reliable than the local paper ad idea. For starters you will garner much more traffic, as ebay gets millions of users to visit their site per day. Not only that, but you will see what similar properties are going for, which will help you price competitively to make it more of a bargain for potential buyers. You can also see which markets are selling, and at what capacity/consistency.

Using a Resale Company

This is the method we strongly recommend to our visitors, as your role will be much less proactive. In many cases it is even less expensive to have a resale company sell your property, as they competitively price their services. So before you pick a company shop around for the best one out there.

Resale companies work like this: You bring your property listing to the company, they list it. If they find a buyer, they will refer back to you for a judgement call. If you like the offer you tell them to accept and they carry on with the rest of the deal (this includes paper work and money transfers). If you don’t like the deal you can tell them to deny the offer, and the company will keep looking until they find an offer that meets your standards.

It should also be known that most companies have a listing period, the length of which varies from company to company. Some will list your property for a few weeks, others might list for a whole year. This goes back to shopping around, as picking the longest duration could be a benefit given how long the process can take. Most sites seem to promise a turnaround of 6-8 weeks, but your mileage may vary.

For the second time in a week, the Clerk and Comptroller of Palm Beach County, Florida is issuing a warning to timeshare owners about fraudulent callers who are using the name of her office to perpetrate a scam.

Clerk Sharon Bock first issued an alert last week warning timeshare owners to beware of callers who claim to work in her office or the Palm Beach County Courthouse. The con artists tell their victims to wire money via Western Union to become part of a timeshare victims’ trust fund. They were told to send the money to someone named Jose Suarez or Nicholas Danforth.

The number of complaints has grown, prompting Bock to issue a new alert.
“This is clearly an organized scheme,” Bock says. “It’s only getting bigger, which is why it’s urgent to spread the word about this fraud.” The latest victims to come forward are people who own timeshares they have been trying to sell.

Bock warns that clerks’ office employees never call and ask that money be wired. She is urging anyone, anywhere in the country who receives such a call not to send money anywhere but to call her office at (561) 355-2996 and report the incident.