Mention timeshare and eyebrows be raised. Although there are many happy users of timeshare, there are many more who think it is nothing more than a scam. The extreme marketing methods employed by the timeshare marketers is largely to be blamed and they have caused many unwilling and reluctant buyers to plonk money for something they never wanted and may never be happy using. Inevitably, these people, if they did not manage to get refund, would be soon looking for ways to sell their timeshare.
These timeshare companies often promise all kinds of help to get the resort you want and promise to secure the best airfares but often over-promise and undeliver. Unable to get the resorts they prefer and frustrated with the lack of help and support, many genuine customers also begin to look for buyers for their timeshare.
As if being harassed to buy the timeshare in the first place is not enough, scammers prey on them again when they need to sell. There are many scams in the market and you should learn to avoid them when you are selling.
To Sell Or Not To Sell Your Timeshare?
You should ask yourself the following questions as you are deciding whether to sell your timeshare.
1. You love travelling?
2. Does staying for a week or more in a single resort excite you?
3. You like a leisurely holiday?
4. You enjoy being familiar with the place?
5. You feel at home when the staff recognize you and call you by name?
6. You prefer resorts that are more like serviced apartments than hotels?
7. You like the flexibility of being able to exchange to over 3000 resorts and condominiums worldwide?
If you answered yes to any or several of the reasons above, then perhaps you should seriously reconsider your decision to sell.
Things To Note Before You Sell Your Timeshare
Taking note of the following before you sell your timeshare will save you a lot of tears and headaches.
1. The process of selling timeshare is not unlike selling a property and can often drag for very long. If you are in a big hurry, you would be better off looking elsewhere. Even if you can find a buyer at short notice, you would most likely need to sell at rock-bottom prices.
2. Remember that buying a timeshare ownership is for leisure and not for investment as you will almost definitely lose money by selling your timeshare. Resale values can range from 20% to 50% of the price you bought for most units, and up to 85% for the very good ones. If you factor in the legal, administrative and marketing fees and commissions, the loss will be even greater.
3. Learn to avoid the scammers. My main advice is to avoid telemarketers who call you saying they can sell your timeshare for you. There may be genuine brokers but so far all the calls I've received turned out to be scams so it would be wiser to simply avoid them.
4. Compare different brokers, their costs, service attitudes etc. before committing to any one of them.
5. Some brokers will ask you to appraise or value your timeshare ownership before putting it up for sale. By and large, this is unnecessary as you will be able to find the prices of other units in your timeshare resort for comparison without having an appraisal or valuation. Moreover, many buyers will not buy based on the appraisal or valuation anyway so it will be a waste of your money. - 15266
These timeshare companies often promise all kinds of help to get the resort you want and promise to secure the best airfares but often over-promise and undeliver. Unable to get the resorts they prefer and frustrated with the lack of help and support, many genuine customers also begin to look for buyers for their timeshare.
As if being harassed to buy the timeshare in the first place is not enough, scammers prey on them again when they need to sell. There are many scams in the market and you should learn to avoid them when you are selling.
To Sell Or Not To Sell Your Timeshare?
You should ask yourself the following questions as you are deciding whether to sell your timeshare.
1. You love travelling?
2. Does staying for a week or more in a single resort excite you?
3. You like a leisurely holiday?
4. You enjoy being familiar with the place?
5. You feel at home when the staff recognize you and call you by name?
6. You prefer resorts that are more like serviced apartments than hotels?
7. You like the flexibility of being able to exchange to over 3000 resorts and condominiums worldwide?
If you answered yes to any or several of the reasons above, then perhaps you should seriously reconsider your decision to sell.
Things To Note Before You Sell Your Timeshare
Taking note of the following before you sell your timeshare will save you a lot of tears and headaches.
1. The process of selling timeshare is not unlike selling a property and can often drag for very long. If you are in a big hurry, you would be better off looking elsewhere. Even if you can find a buyer at short notice, you would most likely need to sell at rock-bottom prices.
2. Remember that buying a timeshare ownership is for leisure and not for investment as you will almost definitely lose money by selling your timeshare. Resale values can range from 20% to 50% of the price you bought for most units, and up to 85% for the very good ones. If you factor in the legal, administrative and marketing fees and commissions, the loss will be even greater.
3. Learn to avoid the scammers. My main advice is to avoid telemarketers who call you saying they can sell your timeshare for you. There may be genuine brokers but so far all the calls I've received turned out to be scams so it would be wiser to simply avoid them.
4. Compare different brokers, their costs, service attitudes etc. before committing to any one of them.
5. Some brokers will ask you to appraise or value your timeshare ownership before putting it up for sale. By and large, this is unnecessary as you will be able to find the prices of other units in your timeshare resort for comparison without having an appraisal or valuation. Moreover, many buyers will not buy based on the appraisal or valuation anyway so it will be a waste of your money. - 15266
About the Author:
How To Sell Timeshare Guide is a useful resource for selling your timeshare. To learn how to start Selling Timeshare, visit How To Sell Timeshare Guide
