Did you know that maintaining a timeshare can cost from $660 to $1300 per year?
Selling timeshares can be a very frustrating and drawn-out procedure. Owning a timeshare can mean decade-long commitments that can be hard to give away.
A timeshare is not a good investment. Their values can quickly head downhill and often never have the same or higher price. Timeshares may look great for your annual vacations, but they’re not great for the long run.
So how do you get rid of it? Keep reading as we give you some tips to help you sell your timeshare stress-free.
- Start with Reasonable Pricing
Pricing is the motivating force behind selling timeshares. Still, even larger timeshares typically sell at half or less than their initial cost.
You might have loved your holidays at your timeshare, but the value and timeshare points will continuously go down if not sold immediately. When under time pressure, though, you can choose to sell at a low price.
- Sell Your Timeshare Through Auctions
You can also auction your timeshare online such as on eBay. Be sure to do careful research before listing.
Make sure to post the timeshare realistically but with words and pictures that can attract the attention of buyers. However, if you cannot sell your timeshare instantly, auctioning it can be a short-term approach.
- Sell Your Timeshare Via Advertisement
Ads are particularly essential if you’re pushing to sell your timeshare. Post as many classified ads as possible through free social media or group sections. Most online services like AOL and Prodigy have lost costs or free advertising.
Take a look at these Hilton resale listings to help you get an idea!
- Hire Resale Brokers
Resale brokers may levy either a commission or an upfront payment on the sale. However, you may have to pay for the additional disclosure and their services.
When you negotiate with a timeshare broker, it’s best to do it on a commission basis. This way, they will get their fees from the profits of the sale, as other real estate brokers do.
- Sell Your Timeshare Through a Real Estate Company
You could list online with different agencies or go via a brick-and-click business. When determining a real estate firm, you have to learn their charge for listing.
Ask the question, “what type of commission do they levy?” Also, check if commissions and fees are higher than they charge in their standard dealing. Before signing a deal, compare their prices and transaction processes with other agencies.
Make sure you familiarize yourself with selling and investing in timeshares ordinances. For instance, up-front payments could be illegal in other states.
Sell Your Timeshares to Avoid More Stress
You need to be reasonable if you plan to sell your timeshare in a rush. It’s not going to be easy because supply from merchants usually surpasses needs from buyers. There are many timeshares resellers, and buyers look for real bargains.
Make sure to follow these tips to get the most out of selling your timeshares. Learn more about timeshares and business tips by browsing through the rest of our guides!