Is now a good time to sell timeshare?

With a slow economy, is now a good time to sell my timeshare or should I wait?

Hi Donnie,
That's a question that we hear all the time. It's true that the recession has lowered timeshare resale prices somewhat - mostly due to owners 'liquidating' timeshares in order to pay household bills. (An unintended consequence of this has been a huge increase in the number of people shopping for 'timeshare deals' - many who end up paying more than they intended, once they've found the timeshare they really want.)

On the other hand, most indicators are showing the economy (at least in the U.S.) is in a recovery. You can be sure there are many timeshare owners who will choose to wait until the economy's booming again before they try to sell timeshare, which will mean more competition for buyers. The real question is 'do you want to be at the front of the line, or the back?'

By starting the process of selling your timeshare now, one of two things will happen: 1. It will sell quickly because of the higher number of online shoppers. 2. When the economy recovers, your timeshare will be front and center for the first wave of potential buyers, and you can sell before competition (between owners) starts driving prices down again!