Why Now’s a Good Time to Sell Your Timeshare

Nearly 10 million households in the United States own a timeshare, with an average initial purchase price of $23,940. And while many households get consistent use out of their timeshare, this doesn’t mean that everyone wants to keep their timeshare indefinitely. As needs, circumstances and interests change, some timeshare owners may decide to sell instead.

There are many good reasons to sell your timeshare on the secondary market through websites like SellMyTimeshareNow. Understanding why to sell — and why now may be a good time to sell — can help you get out of the timeshare commitment sooner rather than later.

Why Sell Your Timeshare?

First, there are several legitimate reasons that indicate why the timing is right from a personal standpoint to sell a timeshare.

Everyone’s situation is unique, and sometimes, that requires reassessing whether a timeshare is working for you. Financial constraints are often the main factor leading someone to sell their timeshare. A change to your personal financial situation could cause annual maintenance fees to become unaffordable.

As a report from the American Resort Development Association notes, annual maintenance fees for timeshare owners rose 15% between 2016 and 2021, with maintenance costs increasing in line with the size of the resort property. Such fee increases are typical over time.

Lifestyle changes and changes in family dynamics may also present a time when selling a timeshare becomes a more attractive option.

A wide range of life changes could mean that a timeshare no longer fits your lifestyle. Changes in family size, a divorce or children growing up and wanting different vacation experiences are all relatively common situations when selling a timeshare makes sense. The need to sell a timeshare also becomes more common as the owner ages and begins to experience health issues that could limit their travel options. Retirement can also bring about changes — from changing health to an increased ability to travel to new places on different schedules.

In other words, when a timeshare no longer works for your needs and you are no longer able to use it how you once did, it could be the right time to sell through a site like SellMyTimeshareNow. Because many timeshare contracts require that the owners sell their timeshare rather than just exit the arrangement, selling becomes a necessity.

Why Now Is a Good Time for Selling a Timeshare

Of course, selling a timeshare isn’t just dependent on personal circumstances. Being able to sell your timeshare contract quickly is often a top priority for owners who have decided that they need to sell, and current travel trends indicate that this is indeed a favorable time to attempt to sell a timeshare.

A report from McKinsey notes that after travel spending fell by 75% in 2020, the industry as a whole is set to reach a full recovery by the end of 2024, and continue to grow from there.

The more removed we get from the pandemic, the more comfortable people are with making travel a regular part of their routine again. This naturally increases interest in buying a timeshare or making other travel plans. In general, society has reached the stage where most people have taken their ‘revenge travel’ trips and are now settling into deciding what their vacations are going to look like on a regular basis. And for many, buying a timeshare is an attractive option.

There are several factors that influence the ongoing popularity of timeshares. Roughly three-fourths of Americans actually prefer to visit the same places for their vacation. A sense of familiarity with a vacation destination can help trips be more relaxing and can create a treasured family tradition.

A timeshare is uniquely positioned to fulfill these desires. With a timeshare, buyers don’t have to worry about deciding where they will go on vacation or what type of accommodations they will get. They can have confidence that the type of experience they enjoy will be there for them year after year.

Thanks to these trends, households that no longer wish to use their timeshare and are ready to sell through sites like SellMyTimeshareNow should be well-positioned to find buyers. With the help of specialty markets designed for buying and selling timeshares, would-be sellers can receive the guidance necessary to get through this process.

Vacation Your Way

Regardless of whether you want to buy or sell a timeshare, families should ultimately consider both current and anticipated future needs and travel plans. By considering their financial situation, the kinds of vacations they want to take (including where to go and what activities to participate in), families can determine what type of vacation arrangements will best suit their needs.

In some cases, this entails buying a timeshare. For others, it might mean a reassessment of their current timeshare ownership and trying to sell to someone else. By taking the time to evaluate your unique situation, you can make a choice that will be right for your household.