If you’ve decided to sell your beautiful timeshare property for some reason and don’t know how to go about the deal, we’re here to clear certain things out. It can be a daunting process, especially if you’ve never been at the “sell my timeshare” crossroad before. However, it doesn’t have to be as intimidating. The following are seven common FAQs to read before you start looking out for a timeshare buyer.

What selling options do I have?
“Who do I sell my timeshare to?” is a question that most people ask. There are many ways to find timeshare buyers. The easiest of these is to seek the resort’s help. If the resort that has your timeshare cannot help you, run newspaper ads or digital ads on consumer websites. You can also approach licensed resellers that excel at selling timeshare properties. Moreover, if you want to shed the weight of your timeshare, contact a Timeshare Exit company (more on this below).

Will I need specific documents?
You need to have all the property papers that list you as the owner of the timeshare. In addition, you’ll need your Social Security number, title insurance, deed, deed of sale, and earnest money contract. These are basic requirements that come in handy anytime you decide to act on the thought “I need to sell my timeshare.” The deed will be passed from you to the new owner trying to find a timeshare, who will work out further details with the resort.

What if I misplaced my deed? Can I still sell?
You might have to put in a little more effort to sell your timeshare, but losing your deed isn’t the end of the road. The title company can order a new copy of the deed on your behalf once the deal is final. Usually, the title company gets in touch with the resort owner or the appropriate authority for the new deed.

Can I resell with an existing mortgage?
Yes, it’s completely alright to put a timeshare on sale with an existing mortgage. Commonly, sellers include the amount of their mortgage in their selling value when they put their timeshare on the market. This is probably the best and only option if you’re looking to sell your timeshare with an existing mortgage.

Can I sell it back to the resort?
You can have a word with the proper authority to check whether the resort is willing to repurchase it. Usually, the resort is more inclined to buy back the timeshare property if you’ve paid off the mortgage and maintained the property well. Your credit status also helps you with the deal. However, you might have to negotiate hard for a reasonable deal if you approach the resort while also trying to find timeshare buyers outside.

What does a Timeshare Exit company do?
If you’re someone who’s researching “how to sell my timeshare,” you would have come across something called a Timeshare Exit company. These companies are your best bet to go through the process free of all hassles. Timeshare Exit companies look for ways that can free you of your timeshare contract and help you exit it by legal means. They’re different from property brokers that put your property up for sale.

Do I need to hire an estate broker?
There’s no need to hire a real estate agent. However, getting one does make it easier for you to sell your timeshare. The broker will typically take care of all the deal’s marketing, advertising, and selling. It’s also safer to sell through a broker if you’ve never ventured down this path before.