How Can I Remove My Timeshare Property?
A timeshare may be a smart investment for the individual who likes to holiday regularly every year and can afford the luxury of paying for upkeep fees. If the owners of timeshares find they no longer may utilize their time period of their holiday property but are nevertheless required to cover the fees, they will look for ways to market the investment. If you are in this category of traders that there are a few things.
Estimate the value of your timeshare. Since these properties are not rising in value over the years like property purchases may, you may just expect to return a fraction of what you paid for it. Look around on other selling websites and find out what similar timeshares are selling for in your region. If you would like to sell, you will need to price low because the market has plenty of these listed.
Organize your timeshare yourself before hiring somebody. There are numerous paths of selling. Try a listing in the regional newspaper. Craigslist is a popular free list website and eBay provides a Timeshare Seller’s Guide to get list a timeshare available on their website. Other websites are TUG Timeshare Marketplace, Redweek.com, MyResortNetwork.com and Transaction Realty. Begin with free listings prior to committing any money for advertising. If you don’t make a sale, move on to hiring an expert.
Locate a realtor who will display the Better Business Bureau logo on their website to show they are accredited or at least recommended. Take a moment to look for their small business information listed on the BBB website or check with your nation’s attorney general’s website for any complaints with the company. Unfortunately there are lots of businesses that offer to sell timeshares and ask thousands of dollars up front for final costs and fail to sell. The Better Business Bureau certification can help save you from becoming victimized.
Collect the credentials of the selling agency. Especially ask if the brokers are licensed in the country and what the name of your agent will be. Check with the State Licensing Board to confirm their license. Also check the address of the agency to make sure that it’s a physical address and not a post office box. Don’t do business with them if they ask for any money up front. Any fees should be charged at closing only like other real estate transactions.
Hire a name agent in your region to close the agreement between you and the buyer. He will make certain that all of the appropriate forms are filled out and the filing is done lawfully.