12/13/2016
How to Sell My Timeshare
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How to Sell My Timeshare
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12/13/2016
How to Sell My Timeshare
Are you regretting that moment during a past vacation where it seemed like a great idea to buy a timeshare? Has your life changed since buying your timeshare and no longer want to use the timeshare and so you want to sell it? If that's you, you likely have found out that it is extremely difficult to sell a timeshare as there is currently many available on the market for sale for almost any resort you can think of. Further, likely you have quickly come to realise that the resale value is often a fraction of what you originally paid for it. To add insult to injury, you may have already or come close to falling to one of the multiples scams targetting timeshare owners looking to sell. Unfortunately, theses scams are widespread so there are easily approx 50 or more going on at one time. So with all of this, some people are even struggling to just give theirs away! In this article, I will give you some clear steps on how to get your timeshare sold.
Step 1: Find out what the resale value & saleability of your timeshare is? http://digitalbloggers.com/arts-and-entertainment/how-to-sell-my-timeshare
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12/13/2016
How to Sell My Timeshare
The very first step in your process is to assess the resale value and how saleable your timeshare actually is. There are several good sites to do this which include Sharket.com (a compiled database of over 7500 timeshare resorts across the world) and some trusted resale sites such as Sell My Timeshare Now and Timeshares Users Group. On Sharket.com, if your type of timeshare is listed, it will have a saleability score as well as a list of recent sales of timeshares. You can also use these site and other sites such as Ebay , Red Week to look about current listings and or recent sale. If you are Canadian like myself, another great resource site is Canadian Resort Development Association
Sharket scores of 8 or above means your timeshare is highly marketable and any reputable timeshare realtor would be happy to work with you on it or you can try the several reputable do-ityourself options and expect relatively timely results. Score of 6-7 mean you still have a really good chance of selling and scores below that means you will likely face some difficulty and may wish to consider giving away your timeshare. Be aware that the commission rates realtors charge on selling timeshares is much higher than the traditional commissions and can easily range from 10 to 30%. Some good do it yourself alternatives are RedWeek, Ebay or Timeshares Users Group. Red http://digitalbloggers.com/arts-and-entertainment/how-to-sell-my-timeshare
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12/13/2016
How to Sell My Timeshare
Week offers a do-it-yourself option for $59.99 for 12 months plus a $14.99 membership fee for a year or a full-service option for $125 and a commission of $399 or 3 % when the unit is sold. Ebay is a varying commission percentage of your final sale. Timeshares Users Group has a membership fee of $15 which includes several free ads to list your property for sale, rent, exchange or give away.
Step 2: Decide on how you wish to sell it Review all your options and decide which one works best for you. First and foremost, you may wish to see if you can cancel your timeshare contract. You may be able to talk the resort into canceling your contract. There are lawyers who will offer to do this for you for approx $3,000 to $4,000, yet, you can often can do it yourself, without paying the upfront fee. There is a great book on this called Write a Letter:Cancel Your Timeshare And Get a Refund by Jim Faucett
Second, You will also want to check if and what the buy back policies are for your resort. Even if it is not listed in your documentation, I recommend you give them a call and ask as there are always changes to procedures and exceptions to rules, particularly if your situation is dire or extremely unique.
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12/13/2016
How to Sell My Timeshare
If you chose to sell with the assistance of a realtor, visit the Licensed Timeshare Resale Brokers Association, and try to find a realtor that knows and even better has already sold a timeshare in your resort. If you choose to sell it yourself, Timeshares Users Group, Ebay, Red Week, Kijiji and Craigslist are good alternatives. You may wish to consider listing on a couple of these sites to increase the possiblity of a potential buyer finding your property. You may consider renting your unit out. This market tends to more active and thus easier to get results than the actual resale market. Online classified sites like Kijiji, Craigslist or dedicated timeshare sites such as Timeshares Users Group can be very helpful. If you do choose any other company or a realtor to sell or rent your property, you should avoid at all cost anyone who requests more than $100 upfront to help with your sale. Also, any one who cold calls, emails or sends you a flyers is unfortunately likely a scam. If you unfortunately find your property is quite unmarkatable, Red
Week and Ebay offer the opportunity to list your property to be given away. When someone takes you up on that gift, you will at least be saving yourself the maintenance fees.
Step 3: Redirect the money you got from your sale. What will you do with the money you gained and or saved. So many options! You can choose to invest it, divert it into another activity or get the most of it to still enjoy seeing the world!
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12/13/2016
How to Sell My Timeshare
So are you someone who still likes and wants to travel and are now looking for a great alternative to timeshares for your vacation needs? If you are, have you considered joining a travel club? I am a member of the leading travel club across the world called World Ventures and I love that I'm not restricted to a particular brand or location and the savings I get thanks to group buying. It's also a great system for planning group travel where if you are the organizer, depending on the size of your group, you may travel for free or actually even earn cash referrals to organize the trip while having access to an amazing team of experts and support to make your group trip a dream vacation. It might even be a way to recoup the money you may have lost on the resale of your condo. Check out World Ventures. I hope that you found value in this article and welcome coments. Now go apply these steps you have learnt on how to sell my timeshare and get your timeshare SOLD!
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