Tips on How to Sell My Timeshare Now!
If you are a Timeshare owner looking to sell your property now, you should know which potential resellers and buyers are dishonest and which are just plain unscrupulous. You don't want your Timeshare to just go down the drain!
There are four primary characteristics of any reselling company that you should watch out for. They are:
- Need for Appraisals
- Overblown Pledges
- Assured Buyers
- Boosting the property's real value
If any reseller is promising you these, you should step back and re-evaluate carefully. No legal and realistic Timeshare reselling will ever meet these possibilities.
Below are some tips on how you can safely and surely resell your Timeshare property.
1. Set a reasonable price
For a property resell, the market is looking for prices that are well below the current pegging of the resort itself. Make sure that you are charging at least 30% lower than the builders for the same unit at the same season. If you stake your prices too high, chances are that your buyer will go directly to the resort and not to you.
Check out the other going prices of similar units with other realtors. Pretend that you are in the buyers shoes and compare varying resorts and resellers. If you cut your price a bit to match your competitors and the season you have booked in, buyers will flock to you.
2. Advertise Consistently
No matter how low your prices are or how competitive your unit is with other resorts, if people don't know that you are selling, you won't get any buyers. It is very important to advertise and let people know that you property is now in the market.
You can post your ad online or join forums by other owners and buyers. Or you can register with a legitimate reselling company that has a broader reach in the buyer market.
Whatever you do, make sure that it is intended to let people know of the value and availability of your Timeshare property.
3. Be Patient
Jumping at the first prospective buyer is not always a good move. Although it may sound enticing to agree to your first customer to hasten the reselling, it does no always go as you expected. Carefully look through their end of the bargain to make sure that you are being paid a competent price for your property. Keep in mind that Timeshare is a valuable asset that has many benefits that everyone can enjoy. This means that you may resell at a price lower than what you initially paid for but do not sell lower than prevailing market rate! Doing so puts you at the losing end.
4. Elaborate on your Timeshare features
There are many added benefits of owning Timeshare. It is not limited to a pre-arranged vacation in a resort for a specific time of the year. You can exchange them for other holiday pleasures that your resort or the Timeshare itself came with.
Emphasize on the features that you have and let your buyers know about them They may be looking for a particular feature and knowing that your Timeshare has them can direct the right buyer straight to you.
In reselling you Timeshare, make sure that you are offering a package worth looking into from the buyer's point of view. As a seller, it is also imperative that you get what your property is worthy of. Be cautious in your dealings and your Timeshare will be sold in no time!
Copyright 2006 Jim Sterling - All Rights Reserved
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