Many people bought timeshares when the economy was good. At the time, it seemed like an inexpensive way to take a family vacation every year. However, as the economy has weakened, your financial circumstances may have changed. Perhaps you are out of a job, can no longer pay the annual fees, or simply experiencing a reduction in income. If this is your situation, it’s probably a good idea to sell your timeshare. What is the best way to sell a timeshare? Read on and we’ll try to cover how to sell your timeshare for the best price.
Selling a timeshare is not as easy a job as it seems. Sure it’s simple, but if you’re not familiar with the process, you may not get the best possible price for your timeshare.
The most important aspect of selling a timeshare is the price. You should price your timeshare very carefully. Price it too low and buyers will be suspicious and may be reluctant to make an offer. However, if you price it too high, no one will consider buying it.
What is the real value of your timeshare?
Understanding the true value of your timeshare is critical to being able to sell it. You can do a market survey and see the price of other timeshares similar to yours. But this involves doing a lot of work and research. There are companies out there that have this type of information readily available. If you can’t spare the time to do the research yourself, you would benefit from contacting a timeshare reselling company who can provide you with this information for a small fee.
You must also determine if you have deeded ownership of the property or a right to use (RTU). These documents are critical in pricing your timeshare. You should also have your mortgage information, tax records, and maintenance details related to your timeshare. Possession of these documents will facilitate the sale when a buyer is found.
Aspects that affect the price:
1. One of the most important factors that determines the price of your timeshare is the location and the dates of use. And if your unit is a studio, the price will almost certainly be less. The price you get will also be less if your use dates are off-season for that resort. Another factor to consider is maintenance. If the unit was not properly maintained, your unit could be worth less.
2. Can your timeshare credit be converted for other purposes, such as obtaining airline tickets or exchanging resorts? If so, you may be able to get a much better price, as many people are looking for cheap timeshares that can be traded in or converted into something that better meets their needs.
3. How long do you have to sell the timeshare? If your RTU is about to expire, you may want to get rid of it quickly. This can negatively affect your price as consumers will realize that you are probably eager to sell!
So what are you waiting for? Get started and sell your timeshare at the best possible price.