TIMESHARE RESALES: Finding Ways To Sell

2007-03-08 10:33:40

( Real Estate )



The most common reason people decide to resell their timeshare is that they no longer need it and what they considered as a sound investment years ago no longer applies today.

Unlike buying a new timeshare from a developer, most timeshare resales are paid in cash. However, they usually sell for only a fraction of the original cost which is why a lot of people are interested in buying timeshare resales.

Price it right. If your timeshare property is a studio or the usage dates are off-season, you cannot expect to sell your timeshare easily. So if you’re in a rush to sell, you should consider lowering your resale price. This will give you an edge over other similar properties for sale.

Resale companies normally show buyers a listing of timeshares for sale. A lower-priced timeshare will more likely catch the attention of a buyer and is more likely to be pursued.

There are two general types of timeshare – the deeded plan and the non-deeded plan. A deeded plan entitles you to an ownership interest in a real estate property. Non-deeded plans on the other hand, let you use a property for a specific amount of time and season for a limited number of years. The price of non-deeded plans significantly decreases as it nears the expiration date.

Timeshare resales become successful when you know what you own. Being knowledgeable about your property will give you the confidence to talk about it and tackle issues that may come up.

Some realty developers offer timeshare resales. However, the priority of their agents is still to sell new units.

Timeshare resales can also be put up for auction. Consider including your timeshare in an auction service listing or posting it in the classified ads.

When you decide to sell your timeshare through a resale company, it is wise to always take the necessary precautions by checking the legitimacy of the company. Legitimate resale companies do not require you to pay money up front. They can take their commissions or fees after the sale.


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