The timeshare industry is surrounded by myths, and if you own your own timeshare, you’ve likely heard them all. A personal vacation spot might be the getaway you need, but when it comes time to sell, it might be difficult to distinguish between fact and fiction. You’ve likely invested thousands of dollars into your property, and you’re looking to get some of that back. Before you jump into selling, consider these three myths for an easier and less stressful process. 

3 Misconceptions of Selling a Timeshare 

1. Timeshares Appreciate Like Houses 

While timeshares provide a relaxing retreat for you and your family, they are not a financial investment. Unlike your home, which can increase in value over time, selling your timeshare is rarely profitable. If you were to sell your house, you would only be competing with a few others on your street and the surrounding neighborhoods.Your timeshare is running against other units that look just like yours, and are in the same resort. Although it is still possible to resell for a significant amount—don’t always expect to make a profit off the deal. 

2. Timeshares Are Easy To Sell 

Selling a timeshare on your own can be difficult and time consuming. Think of your timeshare as a cell phone—everyone wants the newest model, and updated models come out regularly. Buyers are likely looking at brand-new units, and this can make your timeshare appear less attractive on the market. However, timeshare resales are still purchased frequently. Some buyers want you to believe that your vacation spot is impossible to resell and will ask for it at rock-bottom prices. 

3. You’re Stuck Selling On Your Own

If you’ve already tried to resell your timeshare, it's okay to feel overwhelmed—but you don’t have to stay that way. There are legitimate timeshare resale companies that have a hand in the resell market every day. They are aware of how to position your unit for best resale, and they’ll know what competition is out there. A professional company will also help you understand the terms of your contract, so you don’t run into any legal complications during the resale process. 

If you’ve been trying to sell your timeshare—or if you’re about to take the leap—consulting a professional can save you a lot of time, money, and frustration. Timeshare Selling Team can help get you out of your timeshare contract. Located in Ballwin, MO, no one knows the timeshare market better. Don’t wade through the pages of legalese alone! Visit their website to view exit options, or call (877) 935-1102 to speak to a representative.