Key Factors You Need to Know to Sell a Time Share

2007-03-08 10:33:40

( Real Estate )



Time share - a concept that was developed in the late 20th century - is a plan wherein a certain number of people share ownership of a vacation home, such as hotels, resorts, and condominiums. Time share owners are usually allowed to utilize the residence and its amenities in a given time period. Due to the nature of such plan, a lot of people find it very difficult sell a time share.

Before you embark on selling time share, it is advisable to ensure that you have ample knowledge of the plan you are selling. You also need to prepare all the paperwork needed for the sale of you time share.

Factors that affect time share sales

The first important factor that will determine the sales potential of your time share property is advertisement. The more people know about the resort where your time share property is located, the easier it is for you to sell your time share.

However, you can opt to advertise through the Internet or local classified ads, if the time share property you are selling is not that popular or is not in tiptop shape. For free advertisement, you can create blogs or post in forums that you are selling your time share. Before even starting to pay for ads, however, it is advisable to tell your friends, family, officemates and colleagues about your plan to sell your time share. Maybe some of them are interested in buying the property for their personal use or looking for investment opportunities in time share reselling.

Another significant factor that will measure the success of your time share sales is the price. You need to research the going rates for similar properties in the market to know how much you can sell your time share. You can find this out by looking at the classified ads segment of newspapers. You can also ask the price of time shares of resorts or hotels similar to your property from other time share sales agents or brokers.

A person who intends to sell a time share is encouraged to set prices at competitive and reasonable levels, usually matching the price of rival time share residences. As a general rule, you can sell a time share of first-rate properties that are in located popular tourist destinations at an amount that is significantly higher than the existing price of the same time share property.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.