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Author:
Larry Mitchell

Once you have made the decision to sell your timeshare, take the time improve your chances of landing a great deal. Whenever you attempt to sell any type of real estate, the main goal is to get the best price possible. Keep in mind, timeshares in different areas and different properties will sell for different prices, so pricing timeshares can be a bit more difficult that a simple price comparison. To ensure your investment lines your pockets to its maximum potential, consider using a real estate agent that specializes in selling timeshares.

Go Professional

More often than not, a professional agent will be able to sell your timeshare at the highest possible price—and in the least amount of time. Although it may be tempting to bypass pricey listing fees or other costs associated with using a real estate agency, think again! Although you may pay more in the end, the total selling price will generally be a significant amount higher than if you were to sell the unit on your own. Timeshare brokers generally have a strong presence in the local market and contribute substantial resources and experience to yours timeshare sales efforts.

Real estate agents that specialize in selling timeshares better know the intricacies of the market and transaction process, and more importantly, are experts at marketing to potential buyers. You will likely face stiff competition when trying to sell your timeshare, so it’s valuable to have an experienced timeshare broker on your side. Furthermore, the agent has a marketing team behind him or her—something your advertisement in the newspaper lacks. Keep in mind the old adage: “you get what you pay for” and consider utilizing the services of a professional.

Know What You Have

Many timeshare owners rush to sell their timeshares before they can fully research the value of and market for their timeshare unit. Doing your research before you sell may take a bit more time, but it will save you a great deal of cash at the end of the day when your timeshare sells for more than expected. Consider other timeshares for sale in your resort or area to see the amount that others are expecting out of their investments. Furthermore, take a look at the real estate market in the area where your timeshare is located. You’ll likely find many timeshare units already for sale, so evaluate whether that indicates a booming or crashing market. In addition, popular weeks may be in demand, while off-peek weeks can’t be given away.

Price to Sell

One of the most important factors when selling your timeshare is price. The asking price often determines whether or not a timeshare will sell, as well as how long a sale may take to complete. Quite often, individuals have too great expectations when it comes to the selling price of their timeshares, and end up garnering less cash out of the deal when the timeshare has to be continuously reduced in price until the unit sells. Unfortunately, you will probably not reap a profit on your timeshare resale and will likely have to compete with other owners and the developer. In a competitive marketplace, lower priced units will sell much faster.

Advertise, Advertise, Advertise!

You must thoroughly market your timeshare unit to potential buyers. Local newspapers, Web sites and even the bulletin board at your resort are great places for powerful, yet low cost advertising. Don’t forget that other owners at your timeshare resort could all be potential buyers of your unit as well, so be sure to utilize word of mouth, too.

Advertising know-how is one of the main reasons why individuals choose to list their timeshares with a real estate agency. If you decide to entrust the selling of your timeshare with a broker, discuss up front the level of advertising support that your unit will receive.

Visit Sell Your Timeshare for more great timeshare sales tips!

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A Quick Note From The Publisher... If you like the article above, you may be interested in the following article which is also related to Timeshares... Consider a Timeshare for your Family Vacations A timeshare is the name given to piece of real estate where a number of individuals share ownership in a piece of property. By owning a timeshare, you have bought time and you share the vacation property. Most time-shares are condominiums at vacation resorts, but they may also be recreation vehicles and cabins aboard cruise ships. Chances are good that you will find a timeshare wherever you plan to vacation. If you buy a timeshare, you are getting tomorrow's luxury resort vacation at today's prices The timeshare industry experts estimate that the majority of new time-shares depreciate immediately after purchase by at least 20 to 30 percent. However, the timeshare industry is the fastest growing segment of the travel industry. Several highly regarded resort-hotel chains have gotten into the timeshare business. Vacation ownership has enjoyed substantial growth over the years with approximately 3.3 million timeshares sold since 1980. When you buy timeshare on the resale market, you are already ahead of the game, as used properties are significantly less expensive than new ones. You also have the right to a brochure and written contract setting out basic information on the property in your own language. Ownership requires you to pay an initial purchase price and periodic maintenance fees. Should you decide that you cannot use your timeshare, you may be able to rent it to others. Terms such as these should be defined in your contract. If you determine that purchasing a timeshare or vacation home makes sense, comparison-shopping is your next step. Consider whether you will be able to use a timeshare facility year after year. Never be pressured into purchasing by high-pressure sales people. Consider the vacation area and imagine what...