Tips For Selling That Timeshare
Of course, if you own a timeshare, you'll want a top price and an expedited closing of the deal. In most cases, these two conditions are not always compatible. Indeed, in many cases, owners of a timeshare only recover a fraction of the purchase price. If you are looking at getting a better deal some advice is needed.
The first thing you will want to do is set a realistic price. Timeshares are difficult to sell if the unit is off season or the apartment is in bad condition. Buyers of timeshares won't spend time or money renovating the share. If you have an in-season timeshare, expect to receive a higher price for it. If your timeshare is included in a package, where point can be exchanged for flights or hotel stays, then it will be easier to find a buyer. Flexible timeshares are also easier to sell at an appropriate price than units with a fixed week. Mention all these advantages, if there are in your contract, with any ad you might place.
If you have to sell, then price your share lower than others in the same resort. Managers of timeshares only show a list of prices to potential customers. Many units are equivalent to each other, so a low price will improve considerably your chances. If there is any additional advantage over price that your timeshare offers or you can additional benefits those will also make your property more attractive.
If you don't use the property, but don't want to sell it at a low price, do the math to know if it is worth waiting. You'll have to pay maintenance for your share, no matter if you use it or not.
When selling, specify what you are selling since a buyer could sue you. It should be clearly specified if it's a RTU (Right to Use) or a deeded ownership. RTUs decrease its value annually, since the rights expire after a set number of years. Deeded ownerships don't have an expiration date, and in this case it's often a good deal to wait and see if a better buyer appears.
If you are considering selling your timeshare [http://sellmytimeshareguru.com], consider where you might sell your timeshare and how best to advertise it. A balance between speed of sell and cost is key to making a great decision.