Selling Your Timeshare: What To Check

2007-03-08 10:33:40

( Real Estate )



You should only think about selling your timeshare if you are no longer using it. If you are still getting a lot of satisfaction from your timeshares, you should keep them. If you are not using your timeshare and you do not want to sell because of low prices, it may also be a mistake to hold on to them. However, selling a timeshare is not as easy as you think.

If you are selling your timeshare the first thing that you have to do is accept the fact that you will sell at a loss. If you are holding off selling just because of this fact, you have to keep in mind that the longer you wait, the lower the selling price will be and the greater your loss. You can think of the money you will save by selling a timeshare. You do not have to pay membership dues or maintenance fees every month.

When selling your timeshare, you should look at it from the perspective of the buyer. The buyer will always look for the cheapest prices when buying timeshares. You should sell your timeshares within that lower bracket.

If you want a third-party company to sell your timeshare, you should be cautious about the selling price that they will quote you. Most of the companies who sell timeshares grossly exaggerate when it comes to the price. You should also be cautious of companies who require you to pay an upfront fee. These companies give you an unrealistic sales price just to get you to pay their upfront fee.

Lastly, if you really want a third-party to help in selling your timeshare, pick a licensed company. Before dealing with them, you can ask for their license number and check it against your local realtor’s office or your local business bureau for validity.


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