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Seven Tips For How To Sell My Timeshare
- Be realistic when setting the price. You can easily do some research and establish the market value. Do not waste your money on appraisal values. Instead just speak to your resort and ask them to provide details of resale values other owners have achieved. Check out EBay and classified adverts in the papers.
- Check that you do not need the permission of your loan company to sell the investment. Most people used a personal loan or cash to buy their timeshares but some loans were arranged on a basis similar to a mortgage. Always double check to be on the safe side.
- The sales advert must reflect a true picture of the investment. Don’t be tempted to add glossy statements to help a sale unless these are true. Make sure that all facts and figures are correct from the dates of the timeshare weeks to the maintenance or upkeep costs.
- Spell check your advertisement. You only have to look at some adverts to see how often people misspell words. This makes you look unprofessional. Not the option you want especially as the vacation home market has a rather tarnished image.
- Always be professional when dealing with potential buyers no matter how they act. The rudest person you deal with may turn out to be the buyer. This is not a friendship contest and at the end of the day, all you want is to sell your unit.
- If you are not keen on dealing with buyers or writing advertisements, you could consider using a licensed timeshare real estate broker. I would advise that you only work with your agent on a commission only basis. They only get paid if your investment sells thus giving them an incentive to perform.
- You might not want to retain an attorney to cut costs (we would advise that you do so or proceed at your own risk). If you decide against using an attorney, at the very least use one of the timeshare closing services in an effort to protect both you and the buyer. This transaction involves a significant amount of money, cash you probably cannot afford to lose.