MAKE SELLING A TIMESHARE A BREEZE

2007-03-08 10:33:40

( Real Estate )



Thinking about selling a timeshare? You are probably hoping to sell your timeshare quickly and at a good price. Unfortunately, it is very difficult to achieve these two things when selling your timeshare. The world of timeshare selling is a buyer's market, where supply is a lot greater than demand. The most you can expect is to recoup about 50% of your initial investment.

The good news is there are several things that you can do to get a good deal on your timeshare in the shortest time possible.

Know your product. Is your timeshare a deeded ownership or is it a Right-To-Use (RTU) agreement for a certain period? Do you have all relevant documents - tax records, maintenance information - for your timeshare? Be ready to answer any questions a prospective buyer might have if you want to sell your timeshare.

Price your timeshare competitively. Before selling your timeshare, check the closing sales prices of timeshares similar to yours. Visit online timeshare auctions, check classified ads or contact brokers for pricing information on your unit. Remember, you are competing against so many other offers, so give your buyers the best deal possible.

Use free or low-cost advertising. There are many websites that allow you to post your offer for free, such as internet newsgroups or online auctions. Look at current and past auctions before posting your ad. Follow the best marketing ideas if you want to sell your timeshare quickly. Several online services also have free or low-cost advertisements.

Post your timeshare on your home resort's bulletin board or newsletter. Customers that use and like your home resort will likely be more interested in buying your timeshare.

Sign up with a real estate agency. Many online and offline real estate agencies will help you sell your timeshare. However, you should take a good look at the fees that they charge in selling a timeshare. These fees vary but are typically higher than the commission for a typical real estate deal. Shop around for the best agency before getting into an agreement. Make sure you check the company's credentials with the Better Business Bureau or the American Resort Development Association (ARDA).

Be wary of false promises. Ask your prospective real estate agency to present a plan for selling your timeshare to you. Someone who promises you an absolute quick sale of your timeshare might be a scam artist. Be careful.

Yes, selling a timeshare can be challenging. However, you can make the whole process a lot easier by knowing the real market situation. It still possible to find a good deal if you just put in a little time and effort.


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