Tuesday, March 16, 2010

How to Sell Your Timeshare




One of the best ways a family can vacation comfortably is by having a timeshare. Gone is the one room hotel suite with a pull out bed in the couch for the kids, because the kids grow up and need their space as well.

It is a good investment for most families if they vacation every year. Except the kids are now really growing independent and don’t want to vacation with you since they have their own lives now. Your idea of vacation and theirs are miles apart.

So you find yourself with a timeshare that you are still paying some fees for annually and not using as much for various reasons. It sounds like it is time to sell it and you need to know where to begin.

There are several things to consider before you put it on the market. You need to know the fair market price of your timeshare and how much it’s worth. You also need to consider what people will pay for it in order to sell it.

Do not expect to make a profit from when you purchased it, because the market is down right now. To avoid any surprises, it is better know in advance what you may be facing. So how do you do that?

Well you can call the timeshare customer service where it was purchased and find out how the reselling market is going. You can also ask them how much units that compare to yours is selling for and the price they are actually getting for them. You can also go online and do a search with the resort name and resell. Keep in mind that there will be fees for them to resell it for you. Once you have an idea of the resale price, you can also get the help of a Realtor that has experience in selling timeshares. The Realtor can also prepare a free market appraisal; however do your own research to have a better understanding of what options are in making your final decision.

Although selling your timeshare may seem challenging, you do have several options to work with. Doing the work for yourself can give you an advantage to know what to expect, but you can also elicit the help of a professional to get it done the right way. I hope these tips were helpful. Good luck!

Wishing You Much Success!

Karen McPherson

Need Cash? Sell or Rent Your Timeshare!

5 comments:

  1. Hi Karen,

    Valuable information for people interested Selling Timeshare.

    Damayanthi

    ReplyDelete
  2. This information should assist others who are wanting to sell their timeshare.
    ~ Linda Dougherty ~

    ReplyDelete
  3. Great information Karen. I've got a friend I'm going to share this with. Thanks.

    ReplyDelete
  4. Thanks Ladies. I appreciate your comments greatly.

    ReplyDelete
  5. Great information here Karen. Thanks for sharing this.

    ReplyDelete