Selling a Timeshare – Ways to Sell a Timeshare

2007-03-08 10:33:40

( Real Estate )



A timeshare is a purchase of a property where instead of making full payment for the entire property, you only pay for a portion or a share of the price. You can own a timeshare property permanently and be able to sell it if you wish. There is also a leased arrangement where you will have the right to use the timeshare property for a specific time in a year. The length of your stay can be one week or one month every year, depending on the amount of your share. Timeshares are ideal for vacationers who make yearly visits to the same place.

If you own a timeshare and you are considering selling it, be aware that re-selling a timeshare is seldom profitable. It is rare that you will be able to earn more than or get back the initial purchase amount that you paid because timeshares depreciate quickly.

Be realistic when pricing your timeshare. To determine the value of your timeshare, you can get a licensed timeshare appraisal or simply do some research on the market to find out the selling price of similar timeshares. There are free online market surveys that you can try to get a good idea on pricing.

Whatever your reasons are for giving up your timeshare ownership, selling a timeshare requires some caution and good judgment especially if you will be using the services of a timeshare broker. There are many scheming companies out there so make sure you are dealing with a licensed broker. Ask for his qualifications. You must have every agreement put in black and white. Stay away from brokers who charge fees upfront, guarantee quick sales, and require you to pay appraisal fees. Usually, legitimate brokers charge fees after the sale.

Selling a timeshare is also possible without the help of a broker. You can try selling your timeshare on your own by placing advertisements online or on timeshare literature where potential buyers can see it. You can also post ads within your timeshare property to inform other timeshare owners about your sale. Some may want to take your offer to extend their stay. As with any sales venture, maximizing exposure to your offer is the key to selling a timeshare.


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