Tuesday, May 22, 2012
Should you be considering Selling a timeshare yourself, you may find the prospect a bit intimidating. Nevertheless, when it comes to selling your timeshare there are a few things you need to consider.
There can be many reasons why you may be selling a timeshare; it's possible you may need to release the capital, find travelling more difficult now or you just want to move to a new timeshare deal. However, as with most things, there is more than one way to achieve your objective and perhaps not surprisingly, there is more than one way to sell a timeshare.
With timeshares, you options may be limited. You may be required to pay a deposit should you use a broker before they will do anything at all. There may also be supplementary fees that are payable after the sale. Therefore, care is essential when choosing a broker. To avoid some of these extra costs, selling a timeshare on your own may be the best way if you have the time and the knowledge you need.
To begin with when selling a timeshare is not to rush the process, particularly as you are likely to be dealing with the laws of another country. Your first port-of-call should be the resort where you have your timeshare. This is because they will be familiar with this marketplace in their country (perhaps at multiple locations), and will have a genuine interest in the sale for their own reasons. Perhaps they have a waiting list of prospects they will be able to put you in touch with.
It's worth considering using the same legal service you did initially if you were happy with them, as they will already be familiar with you and your market.
Use the Internet to research how to sell a timeshare and to obtain a few estimates as to the value based on the details you enter. These may vary widely, but they will give you a range at which to pitch your sale. Generally, if your price is to high, you'll get no interest and if you pitch too low, you'll get floods! Obviously you want to get as much money as possible, but try to aim at a figure that will get a few interested, but be mindful, they may try to beat the price down so know your base figure!
A further benefit of the Internet is of course advertising. There are quite a lot of free ad sites you can advertise on and put as much facts and photographs as you can in your advert. Remember not to forget to add your email address where you can be contacted. It may be an idea to create a new email account just for this, as you don't want a load of spam coming into your personal mailbox!
Lastly, get yourself a good book on selling a timeshare yourself and read it carefully. If you know someone who has already been through the process, all the better. The bottom line is of course, be a bit wary, and don't part company with any of your money unless you are completely aware of the consequences.
There can be many reasons why you may be selling a timeshare; it's possible you may need to release the capital, find travelling more difficult now or you just want to move to a new timeshare deal. However, as with most things, there is more than one way to achieve your objective and perhaps not surprisingly, there is more than one way to sell a timeshare.
With timeshares, you options may be limited. You may be required to pay a deposit should you use a broker before they will do anything at all. There may also be supplementary fees that are payable after the sale. Therefore, care is essential when choosing a broker. To avoid some of these extra costs, selling a timeshare on your own may be the best way if you have the time and the knowledge you need.
To begin with when selling a timeshare is not to rush the process, particularly as you are likely to be dealing with the laws of another country. Your first port-of-call should be the resort where you have your timeshare. This is because they will be familiar with this marketplace in their country (perhaps at multiple locations), and will have a genuine interest in the sale for their own reasons. Perhaps they have a waiting list of prospects they will be able to put you in touch with.
It's worth considering using the same legal service you did initially if you were happy with them, as they will already be familiar with you and your market.
Use the Internet to research how to sell a timeshare and to obtain a few estimates as to the value based on the details you enter. These may vary widely, but they will give you a range at which to pitch your sale. Generally, if your price is to high, you'll get no interest and if you pitch too low, you'll get floods! Obviously you want to get as much money as possible, but try to aim at a figure that will get a few interested, but be mindful, they may try to beat the price down so know your base figure!
A further benefit of the Internet is of course advertising. There are quite a lot of free ad sites you can advertise on and put as much facts and photographs as you can in your advert. Remember not to forget to add your email address where you can be contacted. It may be an idea to create a new email account just for this, as you don't want a load of spam coming into your personal mailbox!
Lastly, get yourself a good book on selling a timeshare yourself and read it carefully. If you know someone who has already been through the process, all the better. The bottom line is of course, be a bit wary, and don't part company with any of your money unless you are completely aware of the consequences.
About the Author:
If you are thinking about buying or selling a timeshare, one thing you may investigate are timeshare resale companies. Discover more about all aspects of timeshare ownership at www.buysellatimeshare.com.