What to Do When Selling Timeshares

The truth is, selling timeshares is not always easy. While you may be able to give someone a fantastic deal, it is likely that you will not make a profit from selling your timeshare. Hopefully, you were able to use and enjoy your timeshare so that you can get all the value out of it.

There are several things that you must do when selling timeshares. Since you may only get 10-25% of what you paid for it, each little thing you do could help you save money.

The first thing you must do is decide if you want to sell by owner or find a real estate agent or broker. The latter will cost you extra money, but the former can be more difficult.

If you choose to use an agent when selling your timeshare make sure they are licensed. This is your protection in case something goes wrong in the sale. You will have to research the state and country that your timeshare is in to see what sort of regulatory agencies there are. Then you must make sure that you choose an agent or a broker that complies with those agencies. The benefit of using an agent is that the complex paperwork associated with selling timeshares is taken care of. Also, these companies have access to potential buyers and marketing systems that individuals do not.

Additionally, if you choose to use a broker do not ever pay upfront fees. Instead, make them work on commission. This is a mutually beneficial arrangement where the agent will get you the highest possible price so that they can get the highest possible commission.

If you choose to sell by owner then you will have to advertise yourself. There are special magazines and websites that help timeshare buyers and sellers meet. If you choose to sell by owner you can save thousands in commissions and fees.

Whether you use an agent or sell by owner it is important to have an appraisal done. The only way to unload a timeshare is to market it at the right price. Timeshare appraisals will come out and look at the property and the desirability of the area to let you know how much your timeshare is worth.

Hopefully this information will help you get started selling timeshares. Do your research to ensure that you engage in a good and smooth transaction.

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