If you have enjoyed the use of a timeshare for a number of years, there may well come a time when you decide to sell it. There are lots of reasons why owners undertake resale of timeshares – their circumstances may have changed, perhaps they need the money for something else, or they may decide to buy a new timeshare elsewhere, for instance. Whatever the reason for resale of timeshares, any owner will be motivated to sell quickly and achieve the best price. How is this possible?
One of the best ways to create the right opportunities for a quick sale is to make sure that the timeshare is priced fairly. Do not be greedy and over charge, as the sale could linger on for a long time. Bear in mind, that you will still have to pay for maintenance charges and fees, so if you are trying to hold out for as long as possible for a higher price, you may not gain anything if you still have these fees to pay. Weigh up the costs of these compared to selling a bit cheaper, in order to secure a quicker sale. If you do find that you are struggling to sell in the timescales you have set, or you require some cash instantly, then hiring your timeshare out can help to provide a temporary solution.
Make sure you understand what kind of agreement you have in place before you decide to sell. Whether you have a deeded contract or a leased contract can affect your options for selling. Fully understand what you are selling and find all documents that are pertinent. Be prepared to answer any questions that a potential buyer may have, and try to be as helpful and honest as possible. Knowing exactly what you have got to sell can make the transaction smoother.
Since there are a lot of complexities involved with selling a timeshare, it is often advisable, and sometimes quicker, to use expert broker services who have the resources and know-how to get the sale going through quicker. If you do try to sell your timeshare off your own back, it can be hard knowing where to find the right places to do it, and how to manage the whole process, which could end up slowing you down.
If you do want to achieve a quick sale, do be wary of any company that promises to achieve this for you, or asks for an upfront payment. There is certainly no guarantee that they will be able to find a buyer quickly at the right price. Certainly, neither should you be expected to pay anything until an interested party has been found.
- Friday, 19 September 2014 10:45