If you've found yourself in, or close to a situation of negative equity, you might want to take stock of your assets. Are you holding on to unused purchases like a vacation property? One way you can bring your financial situation back into positive equity is to sell your unused timeshare.

Many individuals purchase these vacation properties in the hope of securing a lifetime of budget-friendly accommodations. And while timeshares can certainly save frequent vacationers money in the long run, life circumstances change unexpectedly and many owners find themselves paying annual or biennial maintenance fees on a vacation property that they're unable to use.

If you've found yourself in this situation, it's time to seriously ask yourself: will I be able to vacation enough to make this property investment worth the payments? If the answer is no, don't worry, selling timeshare is increasingly simple with the growth of the online timeshare resale industry.

You have several options when you sell timeshare, but with the global accessibility, customer reach and convenience that the internet brings, selling online combines the least amount of hassle with the largest possible exposure. In fact, some 95% of timeshare resales take place on the internet. And working with a knowledgeable timeshare reseller can help you get the most for your vacation property.

These companies specialize in selling timeshare, which means they can help you appropriately price and list your property to find you serious buyers who are willing to pay what your property is worth. Keep in mind that your vacation property will have depreciated over time. It's simply a fact, and you should be wary of any reseller that claims to be able to sell your property for close to, or more than, you purchased it for. Rather, they should be able to offer you a fair market value which can put your expectations into perspective if you're drawing up a new budget based on the sale of your timeshare.

If you're not yet ready to part with your vacation property, but could use an out on your maintenance fees, consider renting timeshare to interested parties. Many online resellers will also list properties for rent. When you rent timeshare you'll offset your maintenance fees while still maintaining your property ownership.