Stuck with a timeshare you
no longer want?
Don't know how to go about selling a timeshare?
Keep reading to learn how.
Your fixed week timeshare may have been convenient when you first bought it, but you are tired of the location and have decided to sell. You soon discover that selling your timeshare is not going to be as easy as you thought. The market is flooded with thousands of timeshares for sale, so how can you sell your timeshare quickly for the best price possible?
In today's economy, there are more timeshares for sale by owner than ever before. People who bought timeshares when they were brand new seldom recover the price they originally paid for them. Those who were pressured into buying timeshares 'for investment value' are learning that there is little or no return on their investment and find themselves saddled with a timeshare that they didn't really want in the first place.
Following these steps should help you sell your timeshare quickly, for the best price that you can expect to get.
Things You Will NeedTimeshare For Sale
First of all, you should understand that if you want to get top dollar you might have your timeshares for sale for a long time. If you want a quick sale you may have to be prepared to lose some money. Find as many timeshares for sale by owner as you can, and compare them to the timeshare that you have for sale to see if the price that you are asking is really reasonable.
Consider the type of timeshare unit that you are selling. The location, usage dates and condition of the building are all factors that should determine the speed of the sale as well as the price that you can expect to get. Studio units are harder to sell, as are units with off-season usage dates. It can prove to be extremely difficult to sell a timeshare in building that is in a poor state of repair.
Before you advertise any timeshares for sale, you should understand everything about the type of timeshare that you have so that you can market it properly, and so that you can answer any questions that a prospective buyer might have. You will need to specify whether your timeshare is a deeded ownership or a right-to-use contract.
Keep in mind that a right-to-use timeshare will be worth significantly less than you paid for it because it will be that much closer to its expiration date. Be sure to have all pertinent documents on hand, including mortgage details, tax information and maintenance records.
Many people want to bypass fees charged by realtors and advertise their timeshares for sale by owner. Local newspapers are a good place to advertise. You may also want to consider advertising in the local newspaper where the timeshare is located, in case visitors to that area are looking to buy a timeshare. You can also place free ads on sites such as Craigslist. You can place your ad in numerous cities, including the place where your timeshare is located.
Auction sites such as Ebay are an excellent place to list your timeshares for sale. Browse through the multitudes of timeshares for sale by owner that are listed on Ebay to use as a guideline when setting your auction price. The starting price of your auction should be the lowest price you will accept for the sale of your timeshare.
When you have timeshares for sale, it's important that you forget how much you paid, because it's unlikely that you will find a buyer who will pay the same amount that you did. You should be happy to accept fair market value, realizing that the timeshare may have paid for itself in other ways, by providing you with an enjoyable vacation destination.