Help On Selling Time Shares

Feb 27
07:16

2007

John Tiger

John Tiger

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Learn more about what is required to sell time shares and how selling timeshares can be very profitable

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Timeshare is that form of property ownership which can give you a satisfied experience if you owned it at a decent rate,Help On Selling Time Shares Articles but can turn out to be a costly investment if you purchased at a high price.

If you made a wrong decision in buying the timeshares, you will have no idea how bad this investment would turn out to be. This is the case till you learn that a certain shady company cheated you out of your money's worth by selling you time shares that are supposed to be sold at half the price you paid. A clever idea is to buy second hand time shares from another owner.

Often, people receive persistent calls and nagging follow ups from various developers and sellers of time shares. The obvious reason behind this is that it is difficult to sell time shares. It does not matter how much you paid to purchase them and when or where you bought the property ownership. Because of its nature, this can still be a difficult form of investment to sell.

Say you have enjoyed your time share for years and years. But at some point of time, the circumstances under which you bought the timeshares, change and your finances can no longer keep up with the legal obligations that are attached to your time shares. Your next option then, is to sell time shares.

There are secondary markets for anyone to sell time shares but the market is not solid or active. There is no active response to buying second hand time share because they usually lose up to 80 percent of its value during the first time it was sold. But there are other ways that you can remedy your situation.

Here are some helpful tips to sell time shares properly:

Right price is the key

Auctions and resale are some of the most popular places where people find the best and affordable time share properties. Such venues are ideal for haggling and getting the best of time share packages for low prices. If you wish to sell time shares easy and fast, you have to price it right. Potential buyers from these places want to spend lesser than what they would have spent at the resort. In fact, this is the reason why are there at the second hand sales to begin with.

Keep in mind that you can never get your entire investment back. You might as well sell your time shares at the price convenient to both- you and the buyer. In general, most time shares sell for 20 to 70 percent less than the original price.

It takes a proper analysis to correctly evaluate any property. You should know your property through and through. To begin with, start listing down the amenities and features available to you as the owner of the time share.

Next, start including more details of the time share you have such as type of timeshare whether it is fixed, floating or rotating, location of your unit (fronting the beach or mountainside), the number of bedrooms and bathrooms, deeded or leased type of ownership, amount of yearly maintenance fees and the color time of your scheduled week. These can largely affect how you will advertise and sell time shares. If the amenities are exclusive, private, and top class, you can definitely sell your time share higher.

Once you have all the details of your property, you can not only decide the right price for it but prior to that, you can advertise it well because you have its complete details. Getting professional advice is also very helpful in selling time shares. But before you hire any company to sell your time share, make sure the company is legal and that you are getting the right end of the bargain.

If you can't sell, rent time shares

Sometimes selling time shares is quite difficult, so a simple solution to this problem is to have it rented by a consumer. This way prospective buyer will get to see and experience for themselves the time share package you are offering for sale. You can accomplish nearly the same thing through renting and who knows, the consumer renting might be convinced to buy it all out.

Another option in selling time shares is by disposing it to charities. There are number of charitable organizations that are aware of time share donations which are eventually sold at auctions for a cause. You can claim a tax deduction if you sell time shares to a charity. Also, another advantage is that there is no such thing as fees in doing this type of selling. Neither do you need an appraisal. Because by doing this, you also transfer the responsibility of paying for the maintenance fee to the donation.

The proceeds of the auction go to the non-profit organization of your choice when you donate your time share property.

Time share is not only an investment for leisure, but is also a financial responsibility by choice. After few years of owning the property, there comes a time when you can't keep up with this responsibility and its maintenance cost or do not gain any profit from it. In such cases the only wise decision you can take is that of selling your time share property at the best price.