January 20, 2023
Selling a right to use timeshare actually is not much different than selling any other type of timeshare ownership. There are deeded, non-deeded, points-based, and right to use timeshares, and it’s important to understand which type of ownership you have if you’re looking to sell.
A right to use timeshare just means that you have the right to use the property for a predetermined amount of time. If you have purchased a right to use timeshare, you have entered into a non-deeded, or points-based, agreement.
In a non-deeded or points-based scenario, you are buying your right to use your timeshare each year through a points system. The property ownership remains with the resort, so while you wouldn’t own the property, points-based contracts typically allow for more flexibility around weeks, units, and resort locations than deeded timeshares.
Perhaps the biggest benefit of a right to use timeshare is that your contract expires at a certain point. Having an end date for maintenance fee payments, or simply knowing you will be able to exit your timeshare at a specific time, can be beneficial for those looking to avoid having to sell their timeshare if it no longer serves them a purpose or they can no longer afford it.
Other benefits include greater flexibility for your vacations. Points-based systems allow you to purchase any number of points that can be applied to different resort locations, to different types of units, and often for different weeks of the year.
An important note about timeshare contracts: Disney Vacation Club timeshares contracts have an expiration date, but these should not be confused with right to use contracts. Disney Vacation Club timeshares are leasehold, and the primary difference between a leasehold contract and a right to use contract is that you do have ownership rights over the timeshare during the time of the leasehold contract.
Even though a right to use timeshare does have an end date built into the contract, you can still sell it if you can’t wait for the contract to expire. Perhaps you no longer use the timeshare, or the maintenance fees are becoming unaffordable and you just want to be rid of them.
When you sell your right to use timeshare before the contract expiration date, the buyer agrees to the original contact expiration date – it does not reset simply because the timeshare changes hands.
Your best bet will be selling your right to use timeshare on the resale market through a reputable resell platform like Sell a Timeshare. Here’s what you need to know to put your right to use timeshare up for sale on the resale market.
Gather all of the information you have about your timeshare so you can accurately promote your right to use timeshare to potential buyers. This information can include:
Documentation verifying what type of right to use ownership you have (deeded or non-deeded [points] ownership).
Original sales documents showing the resort your right to use timeshare is through along with the expiration date, and your right to use contract.
Points information – how many points are attached to your right to use timeshare, if applicable? Can they transfer to the buyer?
Details about your unit, including the week you own, unit amenities, layout, and resort amenities.
Sign up to advertise with a timeshare resale company like Sell a Timeshare.
Upload your information at your leisure – at no cost to you, and no salesperson necessary.
Make note of any questions you may have – we’re here to help and it’s important to get the details about your right to use timeshare correct before publishing your ad.
Create your timeshare ad.
Be sure to include all of the pertinent details about your right to use timeshare, such as whether the resort is independent or a branded program like Disney Vacation Club, where it’s located, the season of your timeshare week, and other unit and resort details as mentioned above.
Once your right to use timeshare ad is live, you simply have to check your emails often to ensure you see when a buyer makes an offer. If an offer comes in, respond quickly – and if you want help navigating the sales process, our sister company Timeshare Broker Associates has a team of licensed agents who are ready to negotiate the sale, handle the paperwork, and facilitate the agreement with a reputable closing company.
If you can’t wait for your contract with the resort to expire, selling your right to use timeshare doesn’t have to be difficult. We can help you put your timeshare on the resale market and in front of potential buyers so you can be successful in selling your right to use timeshare.
Ready to sell your timeshare? Create your free ad today.
Capital Vacations has expanded its resort offerings with the addition of this Virginia Beach timeshare resort.