Holiday Homes: Tips For Selling Timeshare

Selling timeshare can sometimes be a daunting proposition

, but in this article we'll look at some tips for making the entire process as smooth as possible.

It might be worth checking with the timeshare developer who sold you the timeshare in the first place, as it can sometimes be the case that the original developer will buy it back. If this is not the case, you could take steps to find out if your property is associated with a licensed broker that handles such re-sales.

It is important that you do not expect too much when you embark upon selling your share. It is a hard fact to swallow but it often the case that a timeshare will sell for significantly less than it was bought for. It might also be problematic to resell your share if the location your timeshare is in has fallen out of favour with locals, or the climate of which has changed for the worse; for example, a place in an ski-resort Alpine location that has had very bad snowfall for the last 5 years, might be less popular and so might get a disappointing price. If the time for sale is off season, or if your property is particularly small, you may also not achieve an overwhelmingly high price.

If your share is well appointed in a location that is popular among holiday makers, you may get a better price, but you may still only achieve a price that is up to perhaps 30% less than the price you bought it for. It is important to prepare mentally for the fact that you are unlikely to get the price you paid for your property; much like a car, your place will depreciate over time.

It is very important to do a lot of research first, so that you understand fully the kind of prices that properties of your type can achieve. Try and find out if your property is either 'deeded' or a 'right to use one'. Some properties of the 'right to use' type decrease in value a great deal as they approach their expiry. It is good to be as knowledgeable as possible about your timeshare in order that you get the best possible price.

Aside from this, there are various firms that also can help you sell your timeshare quickly and effectively, by utilising their established networks, meaning that your timeshare can be put in front of the most appropriate potential buyers as quickly as possible. This can often be the easiest and most effective option.

These are just a few tips that will help you understand how timeshare is bought and sold, and should help you get as fair a price as possible for your time share.

by: Anna Stenning

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