Tips on Selling a Timeshare

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Timeshares, either resale or from a developer, are currently flooding the market. Its supply outweighs its demand. That means that there are many sellers than buyers. But this doesn’t necessarily mean that you can’t sell your timeshare. You can sell or get rid of your timeshare. However, you need to do more research and educate yourself on matters concerning selling a timeshare.

One of the options is to list your timeshare with a resale timeshare listing service or agent. This can be very appealing because someone else will handle the advertising, customer inquiries and transfer of ownership. Generally, there are two fee structures for this, the commission-based and upfront or advance billing.

On the other hand, it is important to know the market value of your timeshare. This can be difficult to determine as the timeshare marketplace is decentralized. It isn’t quite as easy to find out how much similar timeshares have sold for. You can browse some listing sites to get an idea of what owners are asking for their timeshares. These asking prices may not represent the market value. You can also check similar properties on eBay to have an idea of how much people are willing to pay for a certain timeshare.

You can also ask the assistance of some local timeshare companies in your area. With this, you may be asked to pay a fee for an independent appraisal. Be aware that appraisals are rarely required or used and remember that the marketplace is decentralized making a specific valuation difficult to obtain.

Selling your timeshare is not impossible. Setting an appropriate price will have the greatest impact on your success. Do your research and know your options. Moreover, in getting rid of your timeshare, you still have other options like consulting reliable timeshare transfer companies like Transfer Smart.

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