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Timeshare Selling Techniques

Timeshare Selling Tips and Techniques That No One Ever Gave You

This article shares some timeshare selling techniques with you, so that you can sell one that you do not wish to use any longer.
WealthHow Staff
Last Updated: Jun 3, 2018
Paying taxes and maintenance charges for a timeshare that you do not have the time to visit is a waste of money, and hence, it is a smart decision to sell it. But, recently there have been many related scams that were exposed by the media. Therefore, it is better to know some of the safe selling techniques to avoid any illegal and unwanted incidents. This article provides you with some safe and promising techniques that will help you sell it safely and legally.

How to Sell a Timeshare?

Advertising: Advertising is the best way to sell it. You may advertise on various sites and local newspapers. You may advertise on various social networking sites, where your friends and other people will know that you are interested in selling the timeshare. You may also put a board outside your property to let people know that it is for sale. You must also highlight its positive aspects; for example, if it needs less maintenance charges, or it is available in a good season, or it has advanced amenities, etc. This kind of positive advertising will increase the chances of getting it sold quickly.

Right Pricing: Setting the right and practical price for your timeshare is also very important. Many people go wrong when it comes to pricing. They often go for high pricing, in order to make a profit, but then forget that they are reselling it, and hence, the new buyer tends to be speculative about why they are selling it. Also, remember that it's a condominium and not a residential house, where he would shell out so much money. You may have to conduct a small market research to get the average price idea. A low price may increase the chances of selling your property, but a price set too low may give the impression to the buyer that it is inferior. So, price it smartly.

Listing With Real Estate Agency: Enlisting your timeshare with few online and offline real estate agencies is also one of the best techniques. However, before you do that, you must check for the records of the agency, and also, check for its authenticity. Make sure that the agency will make use of ethical guidelines, while selling the property. Such agencies will charge you a little extra, compared to traditional brokers, but they are more reliable. You may have to pay off certain fees and commissions to the agency; so, check how much commission they may require, and sign the papers and documents accordingly.

By using the right techniques, it is possible for you to sell the property, without having to worry about the legal consequences. There are many financial factors involved in selling that you must consider.

Some Tips

Following are some of the important tips that will help you in the process of selling:
  • It is important to know your target buyers, and advertise accordingly.
  • You must also come up with some cost-effective ways of advertising, in order to save some money.
  • Know your property well, and know its strengths and weaknesses.
  • Bank upon the accommodations and amenities offered by it.
  • Talk to the co-owners about your decision and consider their concerns and opinions, as well.
  • Consult your legal advisor or financial investment professional, who will guide you through the process.
  • When the interested people come to see your timeshare, present it well and keep it clean.
  • Discuss its advantages and benefits with your prospective buyer.
  • While closing the deal, make sure that you sign all the legal papers and documents to avoid any illegal act.
With the above tips and precautions, it will be sold successfully. You may also talk to your friends or co-owners, who have already sold theirs. They can share more ideas with you that you can use.