subject: Learn About The Various Methods Of Selling Timeshares [print this page] Selling timeshares is extremely difficult these days. Making a profit is almost impossible, and many people don"t even break even! If you want to get out of a timeshare trap, you need to realize that it"s not going to be easy. You could try selling timeshares on your own, but be prepared to spend some advertising money. There is the option to go through a company or real estate agent, but the chances of you getting ripped off are very high.
Here are a few options for getting rid of your timeshare:
" You can try selling it yourself through classified ads and auction sites. You can post free advertisements on websites such as Craigslist, but you won"t be guaranteed a buyer. Thousands of other people are doing the same. There are some publications available, such as magazines and newsletters, through which you can advertise your timeshare. This might cost a lot of money, though, and you"ll be competing with other sellers.
" There is the option to sell the timeshare back to the resort developer. Sometimes property developers are interested in buying timeshares back. This is especially the case for properties whose values increase. The developers want to buy timeshare back and resell it for a higher price. The downside to this is that you won"t make a profit. In fact, you might even get paid less than the amount you originally spent! But, at least you"ll no longer be responsible for the maintenance fees.
" Acquire the assistance of a broker or resale company, ONLY if they don"t charge you an upfront fee. Do tons of research to find an honest company with no history of scams. Never, ever pay any money BEFORE your property is actually sold.
" If you are unsuccessful in selling timeshares, offer your property to charity. Some companies don"t charge anything for getting rid of timeshares. They sell the property and share the profits with charitable organizations.
" It won"t hurt to consult with a company that offers different exit strategies. A timeshare relief organization works to come up with an individualized solution for each owner. If you just want OUT one way or another, and want the title transferred out of your name in the safest way possible, then this type of company may just be what you"re looking for.
" Now, you don"t want to just give up on paying fees altogether, without the aid of professionals; abandoning the property and stopping payment will really hurt your credit. Whether selling timeshares or just getting relief is your goal, then you need to find the right professionals to help you.
