We Sell Your Timeshare
Thursday, August 12th, 2010we sell your timeshare
I Need to Sell My Timeshare – Selling Empty Timeshares
Timeshare owners are being hit hard by the recession which is causing them to cut expenses. Even owners who used their timeshares frequently are selling them because they need to cut back on expenses and timeshare maintained fees are eating into an already over drawn budgets and they are finding that they can no longer find the money they once had for vacations. This phenomenon is at an all time high. Do you tink the timeshares care about your financial problems? No their only concern is that the payments are there on time when they are due. If you’re an owner who is in this situation it’s time you stopped worrying about getting top dollar and figure out how to lessen your burden and either sell or find someone to rent your timeshare. Why keep paying and paying for something you never use when there is money there you could be tapping into.
Okay, you’ve decided to take the next step and sell the timeshare. Here are a few common mistakes to avoid.
1. Setting a selling price that is too high.
2. Using a third service who charges high fees upfront.
The one thing that will stop you from realizing your goal of successfully selling your timeshare faster than anything else is an asking price that’s too high. You also need to make sure your not practicly giving it away. Some resorts are snapped up the minute they go on the market and others aren’t in as much demand. Your first step is setting a price and finding out if your resort is one of those in high demand or if you own a timeshare in a resort that needs a little more time to find a buyer. What really helps in this situation is the internet. Simply go online and fill and fill out a form a form with the name of your resort and a little other pertinent information and you will have the information you need completely free.
Something you should decide right from the start is never pay an upfront fee over $500 and then only if it is used to cover advertising cost. Stay away from scam services that offer to sell the timeshare in a very short time and charge over $1000.
You’ll hear people tell you how hard it is to sell a timeshare in this hard market. You may find it’s easier than you think if you start with a reasonable selling price and a lot of good advertising. There are many free real estate site online like craigslist or Zillow. You could even try the auction sites like eBay. Talk to other owners at your resort they may find a buyer for you. With a little persistence you should be able to sell the timeshare in just a short time.
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Question for PREVIOUS TIMESHARE OWNERS ONLY PLEASE:?
If you sold your timeshare – how did you sell it?
What’s the name of the company you used to sell it?
How much did you pay to get your timeshare listed?
How much of your initial investment did you get back?
We have a timeshare we would like to sell – - please point us to the right direction. ONLY to a company which you have done business with. Thank you so much!
My wife and I ended up listing our timeshare on Craigslist. It did not cost us any money to sell it by using that website. When we bought the timeshare we were told by our financial adviser that a timeshare was a very poor investment. We were told that as long as we were going to be happy using it and never intend on selling it, would be the only wise choice to purchase one.
Before we sold it we took advantage of trading our time at our timeshare with people that had a timeshare in Mexico, Jamaica and other fine spots.
Finally the economy got the best of us and we decided to sell rather than keep paying the 1000 dollar a year maintenance fees. Honestly we had to take it in the shorts. We were only able to sell the timeshare for about 40% of what we paid. Simply put, our adviser was correct. Our timeshare ended up being a terrible investment. I think when you go to sell yours you will learn that as well. Try to keep it or trade times like we did, unless you really can not afford it anymore.
How to Sell Your Timeshare on Redweek.com