What You Need To Know When You Are Deciding How To Sell Your Timeshare
How to sell your timeshare? It is a question which is going to be asked a great many times in the coming years, as the economic downturn means that more people will be looking to offload unnecessary expenses. Vacations are one area where so many people can save a bit of money, and that is bad news for those looking to sell. It is a buyer's market, so how do you persuade the buyer that yours is the timeshare they need? There are some steps you can take to increase your chances of success.
The first factor which absolutely must be mentioned, of course, is that of avoiding being scammed. While the selling of timeshare has long had a poor reputation for hard selling and dishonesty, the buying and offering of timeshare is not immune either. There are many dishonest operators being investigated by regulators worldwide, and they all operate in a fundamentally similar way. The main key sign to watch out for is being asked for money in advance. The scam broker will claim to be able to put you in touch with a buyer, provided you pay the brokerage fee up front.
In order to convince you that the brokerage fee is worth paying, the broker will try to make out that the timeshare is worth far more than it really is. Then, you will be enticed to go and visit the buyer at the resort, where you will then be told the truth about the value of your timeshare points. You will be offered the chance to offload them for next to nothing, and the fake broker will have won either way. The buyer who will offer to buy your timeshare for a pittance will usually be a sister company of the dishonest broker.
It is absolutely essential that you do not even look at any deal where you are asked to pay money up front. A genuine broker would simply sell the timeshare on commission, and take a cut once the sale had been made. Either use such a broker, or just put the timeshare up for sale yourself as an independent vendor. If you go for a private sale, make sure you have all of the paperwork to be able to prove genuine ownership, and make sure that the resort will back you up. If you are a genuine seller able to prove your case, you will stand out in a market where there is so much uncertainty.
Have a look at competing listings to get an idea of the value of your timeshare, and don't be in too much of a hurry to sell. Don't be afraid to ask for a good price, because you can always lower it if you have no success. If you price too low, and someone takes your offer straight away, it is too late to increase the price. Correct pricing and proof are the most important factors in how to sell your timeshare.
Sell Timeshare News:
Timeshare Resale Firm Named to Inc. Magazine's List of America's Fastest - PR Web (press release) BuyATimesharte.com invests in the advertising resources necessary to reach millions potential buyers worldwide. Specializing in every aspect of timeshare ... |
Timeshare Resales Leader Steps Up to Expand Timeshare Owner Options - Consumer Electronics Net (press release) (subscription) In 2009, the company's websites generated 61743 offers to buy timeshare resales and 85949 offers to rent timeshares. Consumers who want to resell their ... |
Timeshare Resales Leader Steps Up to Expand Timeshare Owner Options - Earthtimes (press release) DOVER, NH -- 08/13/10 -- Sell My Timeshare NOW, the global leader in timeshare resales and rentals, announces that the company is expanding its services, ... |
The Waikiki Marina Resort Timeshare Resales - Resale Review To learn more about how to purchase timeshare resales at The Waikiki Marina Resort or any other worldwide timeshare resales, please call Mark Nayman at 800-555-1353. Mark Nayman is the President of Resort Consultants International and a ... |
Wyndham Worldwide Reports Q2 Results - Car Rentals Revenue had a 5% rise to US$963 million, while revenue from the timeshare business saw an 8.1% increase. RevPAR for the group also increased for the month ... |
Attorney General Sues Timeshare Companies The state's attorney general filed lawsuits Tuesday against three companies alleging they used unfair and deceptive practices to convince customers to advertise their time-shares for resale, taking hundreds of dollars in the process. According to a press release, consumers say the companies said they already had buyers lined up for the time-shares, but that was not the case. Also, consumers say ... |
Marriott International Reports Second Quarter 2010 Results Marriott International, Inc. today reported second quarter 2010 results, exceeding the company's diluted EPS expectations and prior year results... |
Marriott International (MAR): Zacks Rank Buy This hotel company is benefiting from improving industry conditions in the US and internationally... |
Using Timeshare Companies When Considering A Worldwide Timeshare Buying a timeshare is something a lot of people think about. They may have come across timeshare resale companies, but have been unsure what they do. Timeshare companies basically act as a mediator between the buyer and the timeshare ... |
Attorney General warns Ohio timeshare owners about timeshare resale scams - Timeshares Daily In a news article from Vindy.com, a reported cited the example of a woman who paid more than $1000 upfront to market her timeshare through a resale company... |
Ameron Reports Solid Profits on Higher Second-Quarter Sales PASADENA, Calif.----Ameron International Corporation today reported net income of $9.5 million, or $1.03 per diluted share, in the quarter ended May 30, 2010, compared to net income of $9.4 million, or $1.02 per diluted share, in the quarter ended May 31, 2009... |
RCI strengthens timeshare presence in India - Timeshares Daily RCI, the global timeshare exchange company, is aiming for 100 percent growth in the next five years. In India, the company recently expanded its presence in |
Starwood Expands in South America Starwood Hotels & Resorts Worldwide Inc. with its Luxury Collection brand plans to double its portfolio in South America... |
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