SELLING TIMESHARES: SOME BASIC FACTS YOU NEED TO KNOW

2007-06-20 15:49:53

( Business )



Selling Timeshares is a tough job. The principal reason is supply and demand. The supply of timeshare resale is far greater than the demand for resale.

Promotional offerings packaged with free gifts or vacations may have lured you to selling timeshares. In addition, there is also the information about the property and prices of the developer. So, many people are inclined to buy because of their extremely low price even without knowledge of what they are getting involved in.

The Bad News About Reselling

Sadly, the demand for endowment misselling is just as bad. Most people do not have the knowledge of the accessibility of the resale market until after purchasing it from the developer. The more seasoned timeshare owners who are looking for a good deal are those who have knowledge about resale market.

Controlling Your Price And Advertising

Of all the factors involved in selling timeshares, you can only control two factors, advertising and price.

First, your unit must be competitively priced if you really want to succeed in selling timeshares. Verify the prices of other resale at your resort (the closing price, not the sales listings), find out the final auction price and get in touch with resale brokers for more price information about your unit.

You could maximize advertising cost to inform the public concerning your offer. You can utilize Free Internet newsgroup sections to post as many ads allowed by the site. Free classified ads are offered by many new starting up web sites. Free or low cost classified ads are provided by most of on the online services.

Likewise, you can call your home resort; check out if they have a public bulletin board in their lobby or elevators where you can place sale information. The resort newsletter may also post an ad in your behalf. Timeshare resale brokers can also provide you extended exposure in selling endowments in exchange for a certain price.

Beware of Appraisal Scams

Be on the look out for companies offering to purchase your timeshare for their own perusal and asking you to secure an appraisal from a separate company that they recommend. Many of these companies have stolen millions of dollars in appraisal fees before being apprehended.


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