Get Rid of Your Timeshare Today
Odds are that you’d like to get rid of your timeshare property if you felt coerced into making the purchase. Receiving a refund may be of importance for you. You may, for a umber of reasons, be unable to utilize your assigned time as frequently as you’d wish.
Therefore, getting something back on your investment is a high priority. Timeshare resales are a market all by themselves. How exactly do you go about selling yours?
Anyone who has done any work toward reselling a timeshare has encountered companies that claim that they’ll perform all of the work for you. Many of these companies are real, but many others are not. A company that asks for payment up front, in any form, is probably a fraud.
Companies make money to get rid of your timeshare, but you have to watch out for some of them. Some companies will ask for “appraisal fee” or a “processing fee” and say they have a number of buyers lined up for the property. Whatever you do, do not give these companies your money. Instead do a little research and find a company that isn’t going to ask for money upfront.
It is time to set the asking price once you have decided on how you are going to sell (yourself or by someone else). Determining the right asking price could be tricky. You may or may not sell it for as much as you have invested.
If you bought a time share from the developer, you likely paid full price. The resale of the timeshare will likely be much lower than what you paid – even up to one third the original purchase price. The reluctance of new buyers to pay full price after maintenance fees is among several factors that reduce how much they are willing to pay.
First of all, you might have overpaid for it in the first place. If you took whatever the initial asking price was, then you paid much more than you should have. Another reason is that you can’t duplicate the high pressure sales presentation that the developer can. You can’t really afford to bring hundreds of people in for “free vacations” or employ salespeople.
When you decide to sell a timeshare, you will find that the actual price of the resale is usually less than what you paid for it. You should check out eBay or Craigslist, for example, for comparable sales prices. Then decide how much the resale value is and list your own.
How can you get rid of your timeshare? There are many websites that will allow you to sell timeshares. Some exclusively sell timeshares, while others that do not exclusively sell timeshares, such as eBay auction, will allow you to list a timeshare.
Whichever method you try, the more flexible you are the better. Try some different incentives until you find something that works. Whichever method you choose, just remember that timeshares sell every day and you can get rid of your timeshare too.
Filed under: Business