As the timeshare industry’s most trusted resource, RedWeek gets a lot of questions about how owners can best enjoy their timeshare, maximize their investments and take advantage of our benefits. Here are our answers.
How should I price my timeshare for rent?
When it comes to pricing your timeshare rental, it’s all about supply and demand. Take a peek at your resort’s page on RedWeek.com to see what other owners are charging. You can also use our handy “What’s My Timeshare Worth” valuation tool to check out historical rental rates based on the week and size of your unit.
If you’re in a hurry to rent your timeshare, the best strategy is to price it lower than the other weeks available. That way, you’ll get a quick response from potential renters. But no matter what price you decide on, make sure you sign up for notifications whenever new postings are added to your resort’s page. This way, you can stay on top of the competition and make adjustments to your pricing as needed, without any extra charges.
Can RedWeek help me sell my timeshare?
Yes! You have a few options when it comes to selling your timeshare on RedWeek.
- DIY Basic: We’ll advertise your timeshare and bring buyers to you. You’ll personally finalize contracts and details.
- DIY Verified: We’ll verify your ownership, and you get the trusted RedWeek Verified flag, but manage the transaction yourself.
- Full-Service: We’ll create and verify your posting for you AND we’ll help with prices and managing negotiations. The benefits of this approach are many: you’ll get a “NEW” flag on your posting for the first 30 days; A licensed broker handles all tasks where licensing is required; and RedWeek handles the entire closing process (including coordination with the resort, the closing agent, the buyer and you).
What’s the difference between DIY timeshare rental and RedWeek’s full-service team?
With DIY, traditionally the owner and renter/buyer negotiate directly and handle their own agreements and payment arrangements. Owners can now use RedWeek’s online booking system, which allows the renter to pay online via credit card and digitally sign an online agreement. For owners, the process is straightforward: you just need to accept an offer when it comes in and change the guest’s name on your reservation.
But RedWeek’s full-service online team streamlines the process even further. All you do is provide the team with a copy of your reservation. Then, they will confirm the details with the resort, add your posting and manage all inquiries. Once your renter submits payment online, you will have 48 hours to accept the offer then change the name on your reservation. It’s as simple as that. If you want to take advantage, go here for more details.
I have extra points left over — what should I do?
You’ve got plenty of options if you have points that you’re not going to use.
- Go ahead and book a few nights with your remaining and then post them for rent on RedWeek. Keep in mind: rentals don’t have to be a full seven-night stay. We see a lot of travelers looking for just a couple of nights, which can help offset your maintenance fees.
- If you’re not interested in renting, check with your management company to see if those points can be banked or if you can borrow points from a future year to take that much needed vacation.
- Unused points can also make a fantastic gift! Book a surprise weekend trip for a loved one as a Christmas, birthday, or wedding gift. You could even donate a resort stay to a local charity for auction.
Have other burning questions for RedWeek (or about timeshare ownership in general)? Check out our FAQs or drop us a line. Another great resource is the community of owners in our Forums, who are full of tips and insider info.
