Tips on Selling a Timeshare

Tips on Selling a Timeshare

Tips on Selling a Timeshare

Owning a timeshare lets you enjoy vacations in special places at specific times during the year. It is a cost effective alternative to arranging your accommodation at different locations on your own. However, there are maintenance charges that you are required to pay for your timeshare, irrespective of whether you use it or not during the year. If you are not able to use your timeshare consistently, you end up paying significantly towards its upkeep without getting any value from it. Selling a timeshare is a good option in such a case.

Direct sales vs. advertising companies

Timeshares are bought and sold just like real estate, although the pricing is not comparable. You can sell your timeshare in the secondary' market to interested buyers who are looking for deals for the same destination that you have to offer. This can be done directly or through a timeshare advertising agency.

A direct deal is quite straightforward with both you and the buyer chalking out the terms of the sale and arriving at a mutually acceptable resale price. However, you may not get the best price this way and it may require a lot of effort. Using an advertising company gives your deal maximum exposure. With your timeshare being visible to many buyers, the possibility of finding one who will pay a good price for your timeshare also increases dramatically.

Finding the right advertising company

Not all advertising companies can find you the best deals when you are selling a timeshare. It is important to find a well established advertiser with enough experience in the industry. Such advertising companies know exactly how to market your timeshare to bring out its best features to buyers. Here are some tips on finding the right timeshare advertising company:

Good credentials - Check if the timeshare advertiser has good reviews from other sellers and buyers. A company that has many satisfied customers will be willing to provide contact details of some of them or at least put up favorable customer testimonials on its website. Call a few successful sellers and ask them about the fee charged, time taken for the sale and ease of the selling process.

Visibility of the company - A well known, reputed advertiser will get a lot of traffic from buyers looking for timeshares. When a lot of buyers visit the website, your choice of buyers increases, and you can select the best offers. Ask the advertiser to give you an estimated number of unique hits that are recorded on the website where he will list your timeshare. Use this estimate to compare different advertisers.

Fees and charges - Compare the fees and charges that you will have to pay to the agency for your timeshare advertisement. Checking with friends who have sold timeshares recently or carrying out some research into top advertisers online will give you an idea of the prevailing charges.

Value added services - Does the advertiser offer value added services or will your timeshare just be posted along with hundreds of others? Some advertisers actively market your timeshare by making sure your advertisement is keyword optimized and is attractively worded. You may have to pay a small premium for such value addition because it increases your chance of finding a good buyer when you are selling a timeshare.

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