So you’ve finally decided to sell your timeshare. Perhaps the destination no longer suits you or your lifestyle, or the maintenance fees and taxes have started to empty your pockets. Whatever your reason is, you are probably feeling very overwhelmed with the idea and are trying to find some much needed answers to your many questions. Timeshare selling can be very nerve wrecking, especially if this is your first time and you have no idea where to start. First know that there are many scammers in the midst of the companies and services that are there to try and offer guidance to you. So always check with the Better Business Bureau (BBB) to make sure that the company that you choose does indeed have a good rating, so you do not fall victim to these scams.
Before you decide to sell your timeshare it is important that you realize that the majority of people only get 30-50% of the original price they paid for their timeshares upon selling. It is possible that you can get back what you paid, but knowing this ahead of time will save you the disappointment later. Realistic pricing is key to the sale of your timeshare. If your timeshare resort has not been properly maintained, your usage dates are in the off season, or your unit is smaller then most, this may greatly affect your selling price. If your timeshare is part of a chain that offers credits for other accommodations or airline tickets, then you may be able to get much more for your timeshare.
Having all your documents that pertain to the timeshare on hand that list mortgage and maintenance details, and knowing whether your timeshare is a deeded ownership or a Right To Use (RTU) agreement is very important, for proper knowledge will make you more confident when it comes time to answer potential buyers questions. Also note that as RTU agreements near their expiration dates their value will drastically decrease. If you are looking to try and sell your timeshare solo, then auction sites like ebay.com are handy. You can look at other timeshares in your location that have the same amenities to see what they are selling for and try and price yours accordingly. Often member services such as classified ads are offered through time share clubs and are a great way to get your listing out to the right market. Real Estate agencies can also help with listing your timeshare, some charge an upfront fee, others work off commission so always check with several different agencies before you make a decision.
As long as you make sure and do your research and realize that the selling of your timeshare may not come as quickly as you were hoping and you may not receive as much for it as you bought it for, then the process should not be so nerve wrecking. With the resources available to you, the process should go more smoothly then you initially thought, you will hopefully have a buyer and the stress of it all will be only a distant memory.
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