Timeshares are real estate properties that accommodate multiple owners during travel periods. Timeshares are generally vacation homes located at popular resort destinations. Investing in a timeshare can be a positive real estate option because it can be rented for profit by its owners. Timeshares do have high maintenance fees and can be a bad investment if the property depreciates in value. There are a few effective ways to close in on a good sale.
To sell your timeshare yourself, you must set it at the right price. Failing to set it at the right value can cause a stream of legal problems. Consult with an attorney or appraisal agent so you won’t overlook any relevant factors. Understand that you are selling the resort more than the unit itself. Provide the buyer with the best value, pricing the timeshare honestly and realistically. Set up a competitive sale by knowing the market value for other timeshares in the area and by contacting the resort for its rates.
Contact The Homeowners Association or Resort Management Team members to ask them if they are willing to buy your timeshare. These organizations may have a newsletter, online forums and bulletins for timeshare advertising. Follow the guidelines when advertising your timeshare and give the appropriate information: intervals of use, resort amenities, timeshare features, the exchange program and location. Your asking price for the timeshare must be a fair price that reflects the market value. Speak with an attorney to determine the best value for the timeshare.
eBay’s timeshare seller’s guide is a remarkable selling tool. The benefits of eBay timeshare selling is that you can get the best timeshare price without having to deal with selling agents. eBay sets a fair price for advertising your timeshare ($50 at 2010 prices). If the timeshare is a desirable unit, the chances of it selling on eBay is high, as eBay has over 55 million potential buyers, allowing you to advertise to a diverse market and giving you the option of making a quick sale in seven days or less. Other effective selling platforms are Craigslist, Red Week and Tug.
