subject: Closing Vacation Timeshare Resales with Minimum Investment [print this page] Closing Vacation Timeshare Resales with Minimum Investment
Owners who have managed to close their vacation timeshare resales may be overjoyed at accomplishing what is widely considered a challenging task. But they may have inadvertently ended up spending a lot more on advertising and other things that they could have avoided.
Spending a significant amount of money in a timeshare resale process takes a large chunk out of your overall return on investment. There are ways to keep costs low- all it requires is some smart thinking on your part. Read on to understand how to close a timeshare resale with a minimum investment.
Promotion
Advertising your timeshare resale to potential buyers need not require a large expense. You can promote your timeshare effectively and keep costs low at the same time. Consider industry specific timeshare or real estate websites that charge no fees or a small fee if the sale is achieved through their site. Other alternatives are auction services such as eBay, online forums, bulletin boards or free classified ad sites like Craigslist. Websites have a great reach and you may find quite a few interested buyers within your own city.
Create your own promotional material
Creating your own promotional material is the easiest way to keep costs down. All you need is a bit of creativity, a computer and a good quality printer. Enlist the help of friends and family in designing and printing flyers. Add accurate details and appealing photographs of the timeshare property in your promotional material when you undertake a vacation timeshare resales effort. These can be posted in the vicinity of your neighborhood or neighboring cities and towns that you or family and friends frequent.
Drawing up the contract
You can prepare and print out the contract yourself, provided you are aware of the state laws governing a timeshare resale. You can also take the help of a friend who is knowledgeable on related legal matters. This will save you the cost of hiring an attorney. If you can spare some time for research, you should be able to perform this task with ease.
When you prepare the contract, mention a clause that holds the buyer liable for any charges for legal representation that may arise. This would discourage the buyer from getting into arguments, quarrels or disagreements with you during the resale process.
There are many timeshare resale agencies that help owners sell their timeshare. If you decide that you cannot go it alone and need a timeshare resale agency's help, choose a reliable one. Avoid companies that demand a sizeable payment up front. Instead, negotiate for a strictly commission-on sale basis agreement. This will also help you factor in the commission when you set the resale price.
Options other than a resale
If your vacation timeshare resales fail to take off, you can consider renting out your timeshare. This way you at least receive a rental income while you wait for a suitable buyer to come along. There are other alternatives you could explore like timeshare exchange or even donating your timeshare to a charity organization.
