subject: Have a Timeshare You're Not Using? - Get Cash By Selling or Renting Your Timeshare [print this page] Have a Timeshare You're Not Using? - Get Cash By Selling or Renting Your Timeshare
It's not as difficult to sell our timeshare as you might believe. You can sell it at the highest price possible and in a reasonably short time. If you own a timeshare that your paying maintenance fees on and your just too busy to find the time to get any use out of it maybe you should consider you the possibility that selling it might be the right choice. There are lots of ways to sell a timeshare but you want to get as much money from the sale as you can. You should do a little research and think about the special selling point unique to your property. Finding the right selling point could make the difference of selling your timeshare or not selling it.
Find A Pro!
Many people would rather attempt to sell the property themselves and save the money that would be paid to an agent. There is a great deal of time and effort required to market any property. Agents know the market and have resources that you don't have. One of the top sites searched by buyers is realtor.com. The website has software that picks up the agents listing automatically from the multiple listing service and updates them though out the day. The agent has the latest legal forms available and knows how to fill it out and which addendums are required. They have access to current pricing information. They bring their expertise to the table and you only pay if the property sells. The first thing buyers consider when a seller is not using an agent is they can ask the owner to drop the price. This could result in a higher profit net for the owner if he uses an agent.
Something you need to consider when selling your timeshare is the price your asking. Not all timeshare shares have the same marketability. Some resorts are snapped up almost as soon as they hit the market. An owner can advertise and sell one of these units at a high price in a very short period of time with very little out of pocket cost. Other resorts require the owner to cut the price to draw interest and it may still take time and a lot of effort to find a buyer.
Try to keep your expectations realistic in regard to your asking price. Consider the current economy. In a tough market you need to understand that the units with lower prices will probably sell first. Buyers are trying to get the most for their money. They know that prices have dropped and many are willing to wait for a bargain. This is especially true in the vacation home market where they don't need to buy. Setting the right price should be fairly easy if you have internet access. You can simply search the internet for the name of the resort your timeshare is located in. You may have to inter a little information and this could not only help you set a price but you'll have the opportunity to see what others are saying about the resort and this could help you in your marketing efforts.
A word about advertising. You will want to do it in as many places as possible and keep it up until the property is sold. There are many places to advertise online but you should also talk with other owners who might know someone who would like to own your timeshare. Post an ad on the bulletin board at your resort. Place ads in your local news paper, craigslist, Zillow or try an auction like eBay.
