Many people buy timeshares as an investment, and so it’s no surprise to see
them soon putting the property back on the market. Others use the timeshare for
a while and then for some reason, things so that it no longer fits in with their
lifestyle–and they also find themselves putting it back on the market. Still
others can no longer afford the taxes or maintenance costs. Whatever your
reason, selling timeshares is much easier if you remember some important
considerations.
1) First, you should understand that people who make a profit on timeshares are
the exception rather than the rule. So you should be forewarned ahead of time
that, if a profit is what’s holding up the sale, you might be waiting a while.
There are profits to be made, but if this is your intent, you need to be sure
that when you’re buying the timeshare, you’re getting a bargain deal. Only true
timeshare deals stand a chance of earning you a profit.
2) Don’t kid yourself when it comes to setting a price. If you’re selling
timeshares that are studio units, or if it’s an off-season, you’re not going to
make as much money. Likewise, you’ll likely get much less if you haven’t kept up
with the maintenance responsibilities on the unit. Sadly, even if your unit is
in-season, industry insiders warn that they often will only sell for 30 to 50
percent of the price for which you bought it.
3) You’ll get more money if your timeshare is part of a chain of units.
4) All of the above factors lead to this inevitable conclusion: You’ll have to
keep the price low, usually much lower than your buying cost, if you want to
sell fast. If you want to make a higher amount, and even make a profit, you need
to be in it for the long-haul. This could mean keeping the timeshare on the
market for many, many months.
5) You’ll increase your odds of selling high if you list the timeshare in a
variety of ways. For instance: Obviously, you want to list it with a real estate
agency (Be sure the agency belongs to the American Resort Development
Association (ARDA), the trade organization that ensures the agency is not out to
scam people like you.
Thomas Sondheim is a Timeshare enthusiast and has witnessed the ability of using timeshares to travel the world and stay in exotic locations, if you learn how to 'work the timeshare system.' Stay tuned and informed about the latest and greatest timeshare
secrets the Timeshare Informer newsletter and free download ebook at
http://www.timesharepilgrim.com. Visit
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