Caveat emptor! Let the buyer beware. Time shares are increasingly unpopular. That's because there are maintenance costs and assessments that come as a nasty surprise to fractional owners. You'll find that re-sale of time shares are very difficult, and the fractional owner often loses money when all is said and done. From your perspective, there is the risk of default. Some owners are willing to just walk away from their time share when they can't sell it. Then you'll have to spend time and money with attorneys to settle all ownership issues. There goes your profit.
You might be wiser to place the property with a local property manager. In the long run, there will be fewer headaches. Of course, selling the property makes sense, too. Real estate is on-track to recover about 10% of lost value in the next 12 months. If you own the property free & clear, why not explore selling the property on a private contract? You can make a tidy sum on the interest income if you hold the contract for 5 to 10 years. Just something to consider.
I would say that late winter/early spring is the best time to list a beach home. It gives it enough exposure on the market to sell before summer really starts. Most buyers want to be in their beach house by Memorial Day weekend or soon thereafter so you should prepare for that and give yourself ample time to get it ready to put on the market so that you can close quickly and let the buyers soak up the sun!... more