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The 4 Things To Know Before Selling Your Timeshare

Feb 6, 2008
It can be very difficult to sell a timeshare. The Internet is filled with people who say they can help you. But, these "helpful" people often take advantage of a sellers ignorance of the market. There are countless stories of fraudsters who have scammed timeshare owners of their money and property. Luckily, there are a few think you can do to help protect yourself and give you a great chance of selling you vacation timeshare.

Tip #1: Know Your Position

You should know and understand that selling a timeshare can be very hard. Indeed, selling a timeshare and making a profit is practically impossible. The reason this is so is simply because the demand for vacation timeshares is far smaller than the supply of timeshares on the market. This can be understandably discouraging. But, knowing that before you look at your options can help you manage your expectations.

Tip #2: Understand Your Limitations

When most people buy timeshares, they do so from a developer who spends thousands of dollars to promote each one. Because he is spreading his expenses over dozens of units from the same resort, he can afford this extravagant advertising expense.

Lets face it. You are not going to be able to wine and dine potential buyers by treating them to a free lavish weekend at your timeshare. Not to mention, that most people that buy timeshares do not even know that they can purchases them from private parties. These two facts mean that you have a rather limited pool of potential buyers to sell to.

Tip #3: Price To Sell and Know the Market

You already understand that you will probably need to significantly discount your timeshare in order to sell it. With that in mind, search timeshare resell sites to see what comparable properties have sold for. Resist the urge to look at the list price as this will not help you gage the market correctly.

Tip #4: Use Cost-Effective Advertising

Placing an ad in newspapers or magazines can become expensive quickly. Instead, advertise your vacation timeshare on the Internet. Post free classified ads online in as many venues as you can find. Look for newsgroups that are devoted to timeshares, rental properties and travel. Post ads on eBay and CraigsList. Also, look for websites that are devoted to the timeshare marketplace and check to see if you can post inexpensive classified ads there. For example, websites such as Tug2.net offer a 3-month classified ad for only $10. People who are seeking to buy a timeshare are likely visiting these types of websites.

Bonus Tip #5: Hire a Broker

Consider a resale broker if selling your timeshare is urgent. A good broker will help you get exposure for your timeshare and help you sell it. Just keep in mind that a broker can be expensive. Normally they charge an upfront fee on the sale. Don t let this stop you from asking them if they will for on commission only without the extra fee. This will allow you to only pay them when a sale is actually made.

Remember, when you sell your timeshare, there are a lot of potential pitfalls. Scammers wait in the shadows to pounce and take advantage of your lack of knowledge and comfort. But, the more information you have upfront, the more you will be able to protect yourself. Follow the tips above and do as much research as you can into your market. With the right information and the right perspective, you can successfully sell your vacation timeshare.
About the Author
Find out more about making a timeshare sale by visiting resales-time-share.com . A site dedicated to helping you get the most out of your time share.
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