Selling Timeshares

Selling Timeshares
By Connie Barker

For many people a timeshare is a great investment that they get can get a lot of use out of. Unfortunately sometimes there are life changes that can make owning a timeshare property no longer practical, such as families growing older or a new job that requires you to work during a specific week or season. For these situations, you might want to sell your timeshare. Here are some tips.

Timeshare properties as a whole can be difficult to sell, especially if the location is not that popular anymore or if your week in a timeshare unit is off season. For many people selling their time share can only net them 50% or less of what they initially purchased it for. While it is up to you to make the decision at what price you would like to sell your property, there are a few ways that you might be able to make your property more attractive.

Before you put your property on the market, make sure you have all your paperwork handy and understand what you are selling. Many people have an RTU timeshare which stands for Right to Use. Other types of ownership include a deed. Having a deed is better for the seller; an RTU in many cases can decrease the value substantially.

Most people usually list their timeshare with a real estate agency or a timeshare selling service. Usually you will either have to pay upfront or you will have to pay for a commission for the agency to sell your property. In some states, it is illegal to charge an upfront fee, so make sure you understand the laws.

Some timeshare property developers sometimes offer the owners of their property the chance to resell it either back to the development or for a customer to buy a resale timeshare through the development agency.

Another great way to drum up buyers for your property is to list your timeshare on auction sites. Many people love to buy properties on auction sites. While you probably wont get top dollar, you may at least be able to get fair market value and a quick sale.

One of the other ways to sell your timeshare property on your own is through a classified ad. You might want to try either the local paper or large newspapers around the country that have big travel or classified sections.

While selling your timeshare can be a little more difficult than selling a normal property, take a look at the above suggestions on finding a buyer if a timeshare no longer fits your needs.

Connie Barker is the owner of a Timeshare Website focusing on Selling Timeshares

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