Sell Your Timeshare Where and What To Look Out For

Sell Your Timeshare  Where and What To Look Out For

by Peter Ng

Let’s face it. Most of the timeshare brokers out there are most likely going to be scammers but if you do know of anyone whom you can trust, you should contact them to learn about their selling process and the cost involved. So long as you do not need to pay any money upfront and you do not need to appoint them exclusively, you can ask them to start marketing for you.

The following websites can help you start your timeshare selling process.

a) Auction Sites like Ebay and Yahoo! Auctions.

Starting with general online auction websites maybe a good start as many people are already familiar with the process and there are some structures in place to make the transactions safer. While it is straightforward, you need to find your own lawyer and deal with the paperwork yourself.

b) Classified Ads

Selling through general classified ads entails the same problems as selling via auctions. You have to engage your own lawyer and deal with all the paperwork yourself.

Besides the better known classified sites like Craigslist, there are timeshare-specific ones which will deliver more targetted customers increase your chances of selling your timeshare but be prepared to list for half a year or more as it usually takes much longer to sell a timeshare than a property..

c) Timeshare Brokers and Resellers

If you search for selling timeshare, most of the sites you find will be brokers who will basically do everything it takes to complete the sale so it is very much more convenient compared to DIY solutions like selling through auctions and classified ads. However, you have to be prepared to pay more for the convenience. The fee structure for different brokers are different. While some may charge an upfront listing fee, some charge commissions and yet others would charge both an upfront fee and a sales commission.

While I am against paying any upfront fees, if you do know the broker or reseller well, it might be ok, because upfront fees tend to be in the hundreds while commissions can go up to the thousands, but do your homework and compare before committing.

Some brokers charge as much as 20% to 40% of the sale price as their sales commissions and the legal and administrative fees have not even been added. If you search around, you will probably be able to find a few brokers or resellers who charge flat fee commissions or variable commissions of 10% to 20% instead of 20% to 40%.

Although the charges are higher than other options, there are still good reasons to go with a broker rather than selling on your own. A good broker knows the market better and will know how to price and structure a deal successfully. Many people tried to save on the commissions and end up not being able to sell because they were not able to market effectively or they set unrealistic prices.

What If I Cannot Sell Or If I WIll Lose Too Much Money By Selling?

1) Enjoy using the timeshare resort

Obvious as it is, some people may be so bent on selling that they forget the joys that timeshare ownership can bring them. If you don’t like your resort, exchange for another one through Resorts Condominiums International (RCI) or Interval International (II), depending on which exchange your resort is affiliated with.

2) Rent it out

If you can’t use your timeshare and you can’t sell it, it makes sense to rent out your timeshare week. Don’t be greedy and try to profit from the rental. If you set an attractive price, there will be takers and you will be able to get some cash from an otherwise useless ownership.

3) Give it away in the form of a gift certificate

If you have no time to use the entitlement and you cannot sell or rent it out, you can also let your friends or family use it instead. Seeing their happy faces and knowing you have done a good deed may be worth more than the little money you can get by selling or renting.

How To Sell Timeshare Guide is a useful resource for selling your timeshare. Learn how to (http://howtoselltimeshare.info) Sell Timeshare by visiting (http://howtoselltimeshare.info) How To Sell Timeshare Guide

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