If you are strapped for cash and
you own a timeshare, selling or renting your timeshare
could help your situation. But should you sell your
timeshare outright, or rent your week or weeks? The
best decision for you will depend on your individual
situation.
Selling your timeshare might make
sense if you don’t anticipate traveling as much as in
the past. This could be due to health problems or
changes in your family situation (divorce, kids growing
up and leaving the house, etc.) Maybe you no longer
enjoy vacationing in the area, or you have moved and
it’s too inconvenient to get to your home resort.
Selling would probably be good idea if you are now on a
lower fixed income, and the maintenance fees combined
with the travel costs will be too much for your budget
to bear.
There are some situations in which
you might consider renting your timeshare instead of
selling it. Perhaps you are not in a position to travel
right now, due to having a lower income or higher
expenses, or you just started a new job and have little
or no vacation leave. You could rent your timeshare for
a few years until your situation changes and you’re
ready to start vacationing at your resort again. If you
are having financial difficulties, renting your
timeshare could put some cash in your pocket faster than
selling, which might take a while. The money you
receive from renting your timeshare might be enough to
cover the annual maintenance costs.
You may want to peruse
sell or rent timeshare listings on-line to get an idea
of prices for comparable timeshares. There are also
real estate agents who specialize in timeshare resales
and rentals. You can find them on-line or in popular
vacation areas. These agents can help you determine how
much you can expect to receive whether you rent or sell
your timeshare. Then you will be able to decide whether
selling or renting your timeshare will be the better
option for you.
