How To Sell A Timeshare

2007-03-08 10:33:40

( Real Estate )



When you purchased your timeshare, it seemed to make sense. But now that your family has matured and your lifestyle has changed, the fixed week unit you bought no longer fits in your plans.

So now you’re probably thinking of selling your timeshare. However, you soon realized that it’s not that easy.

Indeed, it can be a complex process. But here's a brief guide to show you the basics of how to sell a timeshare.

Selling Your Timeshare

If you do not know how to sell a timeshare, your first step would be to understand what you are selling.

Dig up all your timeshare documents and review the terms of your ownership. Determine if you have a deed of ownership, or a right to use the property for a specified period.

Additionally, review your mortgage documents, as well as tax records and maintenance agreements.

In short, you must review and understand all the information relevant to your timeshare. You must be able to answer all the possible questions that an interested buyer may ask.

How to Sell a Timeshare

Initially, entrusting your timeshare to a resale agent may be the most logical option.

However, there are agents who can take advantage of you. Some unscrupulous individuals can exploit you by overstating marketing fees without producing any tangible results.

Be especially wary of companies that require an advanced payment. Some of these companies may be legitimate timeshare resellers, but others are not. You may end up losing money without even selling your timeshare. If the up-front fee seems excessive, start asking a lot of questions.

Indeed, it is imperative that you find a trustworthy agent from a reputable company. Do a background check to ensure that you are working with someone you can trust.

When you finally find a reliable agent, work with him to assess your pricing strategy. Bear in mind that your resale price would depend on a variety of variables, such as the location of the property and the specific time period of your usage, among others. A good agent can give you sound advice in this area.


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