Should you be considering Selling a timeshare yourself, you may find the prospect a bit daunting. However, 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 free the capital, find travelling more difficult now or you just want to move to a new timeshare deal. As with most things, there is more than one way to reach an objective and perhaps not surprisingly, there is more than one way to sell a timeshare.
With timeshares, you options are limited. Using a broker (or similar), may require you to pay a deposit on their eventual commission before they do anything. There may also be fees due after the sale. This of course means that 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.
The first thing you should know about selling a timeshare is that you should not 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! Of course you want to get as much money as possible, but try to aim at a figure that will get a few interested. Bear in mind they will try and get you to reduce the price anyway.
A further benefit of the Internet is of course advertising. Find all the free ad sites, and put as much information and photographs as you can in your advert. Remember not to forget to add your email address where you can be contacted or there would be little point! It may be an idea to create a new email account just for this. This will avoid you getting a load of spam coming into your personal mailbox!
Finally, buy a good book on selling a timeshare yourself and read it carefully. 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 free the capital, find travelling more difficult now or you just want to move to a new timeshare deal. As with most things, there is more than one way to reach an objective and perhaps not surprisingly, there is more than one way to sell a timeshare.
With timeshares, you options are limited. Using a broker (or similar), may require you to pay a deposit on their eventual commission before they do anything. There may also be fees due after the sale. This of course means that 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.
The first thing you should know about selling a timeshare is that you should not 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! Of course you want to get as much money as possible, but try to aim at a figure that will get a few interested. Bear in mind they will try and get you to reduce the price anyway.
A further benefit of the Internet is of course advertising. Find all the free ad sites, and put as much information and photographs as you can in your advert. Remember not to forget to add your email address where you can be contacted or there would be little point! It may be an idea to create a new email account just for this. This will avoid you getting a load of spam coming into your personal mailbox!
Finally, buy a good book on selling a timeshare yourself and read it carefully. 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 looking to buy or sell a timeshare, one matter you may consider are timeshare resale companies. Find out more about all aspects of timeshare ownership at www.buysellatimeshare.com.
