Tips on Selling or Renting Timeshare

Reselling or renting timeshare property can be confusing with the value of the property often being well below the owners expectations. This is where many resale companies can step in with many misleading scams. These scams many different variations. Examples include:

- Appraisals (or CMA - Comparative Market Analysis).
- Waiting buyers.
- Over inflated guarantees.
- Telling the seller their propery is worth more than really is.

Consumers should watch out for these scams. Cold callers claim they have a buyer who is willing to pay top price for the timeshare and demand large administration charges upfront to guarantee the sale. Legitimate resale agents will offer to market your property but will not guarantee they already have a buyer with an agreed price. Below are some solid tips to adhere to when selling or renting your Timeshare property.

Price your property competitively.
Buyers are searching the resale market for a good deal. Make sure to price your property competitively by basing it on the price of a resort or development company which is selling the same unit. Also, if you own a week that is not in a prime season, price it more aggressively. It will be hard to sell a unit in an off season for the same price of a unit in prime season.

Do some homework and understand what the market will bear.
It is important to do some research on what properties comparable to your timeshare are selling for. Timeshare Advisor Magazine can assist you with comparables. Contact us for more information. In addition contact the developer of the property you own to see what units similar to yours are selling for.

Be patient.
No company can predict when your property will sell. Here are two major factors involved in successfully marketing your timeshare. Competitive Price (See above) and a Solid Advertising Exposure. If you are priced competitively, and advertise your property to as many people as you can, it will sell in time. There needs to be a realistic expectation as to how long it will take to sell your timeshare. The key here is patience.

Advertise.
List your property on our website and publication. If you consider advertising on other sites, never allow anybody to lock you into an exclusive agreement. We will offer reviews of several reputable resale companies. Timeshare Advisor Magazine offers classified ads that cater to people looking to purchase Timeshare Resales.