Selling A Timeshare - How to Cut Risks & Increase Profits

Selling a timeshare can be a costly and risky process especially when you're not sure how to go about it. However if you’re willing to apply some time and research, you will find that the outcome of selling a timeshare can be worthwhile ultimately saving you time, money and peace of mind.

The first thing that I recommend is determine if you want to sell it yourself or hire a resell company to help you. Regardless of which one you decide to go with, having as much information about what you own will go a long way to help you sell your timeshare with ease.

 Use the Resources Already Available to You and Sell it Yourself

•  Start by contacting your Home Resort’s Developer, Resort Manager and/or Owners Association. Usually they have communication channels where owners can advertise their timeshare for sell, such as bulletin board, a website to newsletter.
  
•  Advertisers – such as Craigs List, & Ebay or local newspapers will be the least cost to you, since you’re eliminating the middle man.
  
•  Reseller may save you time and give you a peace of mind. However you want to spend sometime researching for reputable resell companies that you can trust working with. The last thing you want happening is to have a risky and costly transaction.
  

 Here are some guidelines that I would use

Licensed resellers – They will help you get better results. They have real estate license and they get paid after the sale is completed. That means they are just as eager as you are about selling your timeshare. They also know the ins and outs of what needs to be done in order to properly execute your transaction, which will give you a  peace of mind.

Lets face it - you want to avoid things like receiving maintenance bill or other miscellaneous matters from the Developer after the sale. So working with a credible reseller does pay off, because they can help you from preventing these minor issues from happening to you.

 What to Look for in a Resell Company

Here are few basic rules when you’re shopping around for Resell Companies to help you selling a timeshare:

• Have a written contract that spells out exactly what the fees and services are going to be offered prior to  paying the resell company. Reputable companies will want to be on the same page with you and want to work together with you to achieve the common goal.
  
• Do a background check on the company that you are considering doing business with, are their fees     reasonable or too high or too low, and what are the customer satisfaction history. You might need to do further check.
  
• Shop around and compare prices and services and then decide which company you will work with.
  

Once you’ve made your decision with the company you’re going to give your business to, then sit back reap the rewards that will follow. You have taken the necessary steps to avoid costly and risky process for selling your timeshare.

 Wish you much success!

 Bonnie