If you are planning to sell off your timeshare, you should be aware that though resort timeshare resales are difficult propositions, they are not impossible. There are a few things you should know when you put your timeshare on the market. For a successful resale, you should also make the best use of different promotional avenues.
Make a checklist of all the information a potential buyer would want to know about your timeshare. This includes the type of agreement your timeshare comes under (right to use (RTU) or deeded) and the kind of timeshare you own i.e. whether it uses the points or the weeks system?
Be advised that the present economic scenario is not very favorable for resort timeshare resales. You may recoup only between 35 percent and 70 percent of your initial investment from the resale, depending on factors such as the features of your timeshare unit and its existing market value.
Promotional avenues
If you are an active social networker, you have an advantage. You can use social media avenues such as Twitter, Facebook and other popular sites to advertise your timeshare online.
Get help from friends and relatives to spread the word around and also brief them about some details of your timeshare.
Online auction services such as eBay are great when advertising your resort timeshare resales.
You can place an advertisement in the classified ads section of your local newspaper, magazines and community newsletters. Advertising in the online classifieds is also an excellent option as the reach of the world wide web is much larger than the print media.
You resort will have its in-house newsletter and other advertising outlets, like bulletin boards. Placing your advertisement in such a newsletter, on bulletin boards and even on the resorts website (if possible) is a very good idea. Interact with fellow resort members and promote your timeshare effectively. You may just come across an interested buyer.
There are many resale agencies that will promise a quick sale of your timeshare for a fee - steer clear of them. The reliable ones will not ask for an upfront fee. You can also look for a timeshare resale company that offers commission-based sales.
Alternatives to a sale
In the event that you fail to attract buyers for your timeshare, you may want to look at options other than a sale. Here are a few such options you can explore.
Rent your timeshare. List it online for the widest promotional coverage to find prospective tenants
Exchange the timeshare with another owner. Talk to other timeshare owners to check if there is anyone willing to exchange their timeshares with yours.
Donate the timeshare you own to charity. Charitable organization will auction your timeshare to raise funds.
These are some of the alternatives you can consider other than resort timeshare resales. If you have made up your mind to sell your timeshare, use your knowledge and creativity to market it effectively and close the sale.
iAutoblog the premier autoblogger software
Make a checklist of all the information a potential buyer would want to know about your timeshare. This includes the type of agreement your timeshare comes under (right to use (RTU) or deeded) and the kind of timeshare you own i.e. whether it uses the points or the weeks system?
Be advised that the present economic scenario is not very favorable for resort timeshare resales. You may recoup only between 35 percent and 70 percent of your initial investment from the resale, depending on factors such as the features of your timeshare unit and its existing market value.
Promotional avenues
If you are an active social networker, you have an advantage. You can use social media avenues such as Twitter, Facebook and other popular sites to advertise your timeshare online.
Get help from friends and relatives to spread the word around and also brief them about some details of your timeshare.
Online auction services such as eBay are great when advertising your resort timeshare resales.
You can place an advertisement in the classified ads section of your local newspaper, magazines and community newsletters. Advertising in the online classifieds is also an excellent option as the reach of the world wide web is much larger than the print media.
You resort will have its in-house newsletter and other advertising outlets, like bulletin boards. Placing your advertisement in such a newsletter, on bulletin boards and even on the resorts website (if possible) is a very good idea. Interact with fellow resort members and promote your timeshare effectively. You may just come across an interested buyer.
There are many resale agencies that will promise a quick sale of your timeshare for a fee - steer clear of them. The reliable ones will not ask for an upfront fee. You can also look for a timeshare resale company that offers commission-based sales.
Alternatives to a sale
In the event that you fail to attract buyers for your timeshare, you may want to look at options other than a sale. Here are a few such options you can explore.
Rent your timeshare. List it online for the widest promotional coverage to find prospective tenants
Exchange the timeshare with another owner. Talk to other timeshare owners to check if there is anyone willing to exchange their timeshares with yours.
Donate the timeshare you own to charity. Charitable organization will auction your timeshare to raise funds.
These are some of the alternatives you can consider other than resort timeshare resales. If you have made up your mind to sell your timeshare, use your knowledge and creativity to market it effectively and close the sale.
iAutoblog the premier autoblogger software
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