Choose the Right Timeshare Brokers

Choose the Right Timeshare Brokers

Choose the Right Timeshare Brokers

While real estate brokers are easy to find, timeshare brokers are few and far between. Very few real estate brokers handle timeshare resale and this is one of the reasons why reselling timeshares can be quite daunting. Even though you may not have too many brokers to choose from, you can still find the right timeshare broker by following these guidelines.

Research on timeshare brokers

You are likely to find timeshare brokers in and around vacation areas. These are places where people come to buy or rent vacationing properties. The internet is a great resource to find such brokers. Once you have found a broker, run a background check to ensure that the broker has a good track record and several years of experience.

Avoid falling prey to a timeshare broker service that charges an advance fee with the promise of quick sales. More often than not, such brokers turn out to be frauds and fail to sell your timeshare within the promised time period. If you know of friends or colleagues who have successfully sold their timeshares through a reliable broker, you can consider the services of the recommended broker.

Make the right enquiries

Ask the broker the right questions as this will tell you whether his services will suit your requirements. You will need to enquire about the number of timeshares he has successfully sold, his clientele, and fees. See if he will be available for communication on phone or via e-mail when there is a need. Find out about the time that the broker estimates your timeshare to stay in the market before being sold. You should also enquire about the average price at which the broker has sold properties similar to yours in the recent past.

Be wary of upfront fees

It is best to not hire the services of a broker who charges upfront fees. Plenty of timeshare owners have lost the money paid as upfront fees to brokers, who turned out to be fraudsters. In some cases, it is also possible that the broker will charge you an upfront fee because he is not confident that your property will get sold soon. Several timeshare owners have had experiences where their timeshares have stayed in the market for a long time, with their brokers charging an advance fee to cover any losses incurred during this period.

Keep your expectations from the broker realistic

Buying timeshares as a form of investment is not advisable, because timeshares are resold at a loss most of the time. If you consider your timeshare property to be an investment and expect to sell it at a much higher price than what you purchased it for, your timeshare broker will be unsuccessful in finding a buyer. Most timeshare property guides state that timeshare buyers lose around 30% to 50% of what they invested in the property. When you find a good timeshare broker, quote a reasonable price for your property so that the broker can find a suitable buyer more easily.

Good timeshare brokers make the process of reselling your timeshare much more convenient. Remember these guidelines to find a suitable broker who delivers on all his promises.

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