subject: Selling Your Timeshare: Choose A Broker That Is Good For You [print this page] When we are looking to sell our own home, it is extremely easy to find a real estate broker. There are many to select from, you can likely name the most prominent ones local to you right off the top of your head. But now you may be asking, Can I sell my timeshare? Well there is information you should about regarding how to sell your timeshare.
It is crucial to understand that most standard real estate companies do not have any experience in how to resell timeshares. Perhaps you may find some in the popular holiday destinations like Florida, but for the most part, you will need to locate a specialist broker.
It should be noted that you can't be too hopeful regarding the value of your timeshare. Regardless of the information you received at the time of purchase, a timeshare should never be bought as an investment. Valuations are generally around 30% - 50% less than the original price, so you cannot expect the value to have risen far from it. Having said this however, the majority of those who purchase timeshares buy to them to enjoy, which is what holidays are for to enjoy!
Finding the right broker is really important so you need to make sure you do your research carefully before deciding on which one to use. The first tip is that you should find a broker close to where your property is. This may seem obvious, however a lot of people will actually choose a broker where they live, which might be thousands of miles from the timeshare, and they have no clue what it is worth or how to attract people that come into that area.
The company you choose should be professional and be maintaining a good reputation in the area. Ask them for references and/or contact details of customers they have helped in the past. If they are comfortable giving this information to you, that is a good sign. Be sure to follow up with these details and ask the broker's clients what their experience was like with this broker.
Also, find out which timeshares in your development have recently been sold and then ask around to see if you can find out who sold them. You are trying to find a company that has experience with how to resell timeshares. Ask lots of questions, like, how do they advertise, and what are the average timelines for selling in your area.
Now, of course, cost is probably the most important consideration. You need to beware of brokers who ask for high costs up front, you should find one that doesn't ask for this. All brokers work on commission, but each one will charge you differently, so you need to find out exactly what all their fees are, including taxes, then carefully compare them with others. When you have collected all this information, then you will be able to make your decision about exactly how to sell your timeshare.
Whichever broker you choose, it always beneficial to get some valuations beforehand. Especially if you are trying to sell your timeshare for cash. This will arm you with knowledge before you approach a broker, to be able to discern whether or not they are advising you according to your best interests.
