The Way to Market a Deeded Timeshare
If you’ve got a deeded timeshare that you need to market, you’ve got one factor working in your favor: You own a portion of the property. Harder to market are timeshares, that are essentially leases that expire after a period of decades. Before you put your timeshare available on the current market, you have to determine whether you will sell the property yourself or employ a timeshare reselling business. So that you can answer questions knowledgeably for potential 25, you will also have to collect as much helpful information about the property as possible.
Organize for a property appraisal. Get an accurate appraisal value of the timeshare by calling a reputable timeshare appraisal service that’s licensed in the state in which the property is situated. Ask about the appraisal cost; if the cost appears too large, be more wary. Contact appraisers to receive a quote, In case you have concerns about the price.
Make a list of nearby attractions and the property features to entice buyers to buy the timeshare. You ought to be aware of the size of their property, amenities, yearly maintenance fees and how often the owners will have access to the property.
List the property available online at one of the many timeshare selling and buying websites. Before agreeing to the terms and conditions of the site, make sure that you research each business thoroughly to make sure they’re reputable. Check for charges in the fine print.
Place ads on Craigslist or at the local newspaper’s holiday property section. You can also place advertisements at the resort itself to attract visitors who may be interested in buying their own timeshare at the resort.
Think about working with a timeshare freelancer — especially if you are experiencing a tricky time selling the timeshare on your own. The U.S. Federal Trade Commission advises clients to proceed with caution due to the large number of unethical timeshare resellers in the marketplace. To ensure you are doing business with a reputable reseller, check the credentials of your agent; he must really be licensed in the state in which the timeshare is located. You should also contact the Better Business Bureau and the state attorney general’s office to ask about business complaints.