You are the owner of a timeshare and have
decided the time has come to part ways. You may be interested
in another timeshare or have decided a timeshare isn't for
you. Whatever your reason may be, a timeshare is a piece of
real estate and you should place as much thought and planning
into selling a timeshare as you would any other piece of real
Many agencies exist that will assist you
in selling your timeshare or buy it outright. However, just
as any situation where money is involved, there are many agencies
that will successfully take your money and your timeshare,
leaving you with a small percent of your profit. Of course,
legitimate agencies exist that will assist you selling your
timeshare in a completely professional manner. Weeding the
legitimate agencies from the scam artists will save you a
lot of time, frustration, and money.
The best scam detector you have in your
arsenal is your common sense. Before placing your money and
property in someone else's hands, it would be a good idea
to do some research on that agency. Ask questions, check out
their references, and contact the Better Business Bureau to
see if any complaints have been filed against the agency.
Remember the golden rule of buying and selling: if it's too
good to be true, then it probably is! Do not decide on a whim.
Spontaneity may be a good quality in other aspects of life,
but not when dealing with anything to do with money. Your
goal isn't to line someone else's pockets. Your goal is to
sell your timeshare for its full market value. Beware of companies
who require a fee before the sale of your timeshare has transpired.
Even if they claim this fee is refundable once the sale is
made, the best thing to do is turn on your heels and leave.
Remember the basic relationship between a company and a client.
Pay only after the desired result is achieved. Once the agency
has your money, you have taken away their incentive to work.
a timeshare can be a difficult task since there are many
factors that are involved. Not only are you selling a specific
time during the year, you are also selling a location and
a resort. These factors make finding a buyer a bit more difficult,
since someone may be interested in the time and location,
but not the resort or vice versa. In order to provide the
buyer with the best timeshare option, you need to price the
timeshare realistically. Find out the going market value for
other timeshares in your area or during your allotted time.
To find this information, contact the resort for their current
selling prices or check out the real estate records for your
area. Another way to obtain a price is through an appraisal
of your timeshare. An appraisal company will charge a fee
for their service and can readily be found in the telephone
book or by contacting an appraiser's association, such as
the Appraisal Foundation.
Keep in mind, your goal is to sell your
timeshare. Making a profit on your timeshare is a totally
different matter. Remember, the key word to pricing is "realistic."
The realistic pricing for your timeshare may be considerably
less than the original selling price. Keep in mind, you have
used the timeshare for the length of your ownership and probably
have fond memories attached to your time on vacation. If the
price is less than you were hoping for, remember these good
times and think of the difference in price as vacation costs.
After pricing your timeshare appropriately,
you can choose an agent to sell your timeshare or sell it
yourself. If you opt to sell your timeshare yourself, start
by advertising. Take advantage of any local newspapers where
your timeshare is based. A great tool is the Timeshare
User's Group at www.tug2.net.
This website has great information on owning and selling a
timeshare and is an excellent resource. Also check into advertising
at the resort itself. Many resorts have publications, newsletters,
or bulletin boards.
To learn more about selling your timeshare,
just log on to the Internet and visit locations such as http://www.atimesharesz.com/dir/sellingtimeshares
to do a thorough search. However you choose to sell your timeshare,
making well-planned decisions will ensure you will succeed
in selling your timeshare and having the best possible experience.
© Copyright 2005 by Dana Sanders. All