Steps Involved in RCI Timeshare Resales

Steps Involved in RCI Timeshare Resales

Steps Involved in RCI Timeshare Resales

You could be thinking of selling off your RCI timeshare for a number of reasons. The same vacation destination may no longer interest you or your financial situation may make it difficult for you to pay the annual timeshare maintenance fee. If you have made up your mind about putting your timeshare on the market, you should understand the steps involved in RCI timeshare resales.

The timeshare market is at a low understandable because timeshare is essentially an extension of the real estate industry. You must be prepared to lower your price expectations the average value that people are getting from a timeshare resale is now only between 35% and 65 % of its original cost.

Outstanding loans

Do you have an outstanding loan on your timeshare? Buyers hesitate to consider a property with a loan attached to it. A good way to handle this is to refinance your loan with a low rate and affordable monthly payments. Once you are confident of paying off the timeshare loan on time, you can start looking at ways to advertise your timeshare property.

Promotional strategies

It is critical that you effectively advertise your RCI timeshare resales. Twitter and Facebook are great online tools to promote your timeshare resale. Other online mediums include low cost or free listings in classified ad sites as well as industry specific websites.

Offline advertising includes putting up flyers and ads in local newspapers. You can also place advertisements in the resort's newsletter or your community newsletter to attract buyers. Make the advertisement appealing and don't forget to include your contact details in the ad.

You may also be tempted to hire the services of a timeshare resale company. Stay away from companies that ask you to pay any fees upfront. They may ask for a "marketing analysis" charge or an "appraisal" fee. The firm may even have a cash-back "guarantee", but don't fall for it. A lot of these are scams. Try to negotiate for a commission purely on a sale basis.

Publish correct information

Mention up-to-date information about your timeshare in the advertisements you place. Don't present information that is conflicting with what you provide when prospective buyers call you up. Reply to all potential buyer queries promptly and courteously.

Closing the sale

Ensure that all your timeshare documents are organized properly, and the sale contract and terms are put down in writing. It would be advisable to get professional assistance from an attorney at this stage. Understand the rights that your state provides to you as well as the buyer before closing the deal.

If you have had no luck with your RCI timeshare resales and are desperate to get rid of it, you can also look at non-sale options such as donating your timeshare to a charity. This will make you eligible for a tax write-off. You could also explore options such as renting your timeshare or even exchanging it for a more appealing timeshare unit.

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