Sabtu, 09 Agustus 2008

Sell You Timeshare: Top 4 Tips

There are not many things more difficult then selling a timeshare. Even with the multitude of people that say they can help you. Unfortunately, many of these people are ready to take advantage of you lack of comfort and insecurity of the market. The Internet has countless stores of fraudsters that have robed timeshare owners of their property and money. Fortunately for you, there are things that you can do to help ensure you have a fighting chance of selling you timeshare without hurting your pride.

Tip #1: Understand Your Position

You should know and understand that selling a timeshare can be very hard. Indeed, selling a timeshare and making a profit is practically impossible. The reason this is so is simply because the demand for vacation timeshares is far smaller than the supply of timeshares on the market. This can be understandably discouraging. But, knowing that before you look at your options can help you manage your expectations.

Tip #2: Know your Boundaries

Most people buy timeshares from a developer. The developer has spent a lot of money to promote each one. They can afford to do this because their expenses are spread over many units in the same resort.

When you sell a timeshare you are not going to host a potential buyer to a weekend, all-expenses paid vacation to make a sales pitch to them. The people that want to buy timeshares usually do not know they can buy them from private parties. These two factors show that you have a very limited market of potential buyers to sell to.

Tip #3: Check The Market and Price Your Timeshare To Sell

As you already know, you will need to price your timeshare for much less they you originally bought it for. To price it properly you will need to search timeshare resale sites to see what other timeshares are selling for. Do not take into account the list price. The list price will not help you correctly gage the market.

Tip #4: Use Cost-Effective Advertising

Placing an ad in newspapers or magazines can become expensive quickly. Instead, advertise your vacation timeshare on the Internet. Post free classified ads online in as many venues as you can find. Look for newsgroups that are devoted to timeshares, rental properties and travel. Post ads on eBay and CraigsList. Also, look for websites that are devoted to the timeshare marketplace and check to see if you can post inexpensive classified ads there. For example, websites such as Tug2.net offer a 3-month classified ad for only $10. People who are seeking to buy a timeshare are likely visiting these types of websites.

Bonus Tip #5: Brokers

Consider a resale broker if selling your timeshare is urgent. A good broker will help you get exposure for your timeshare and help you sell it. Just keep in mind that a broker can be expensive. Normally they charge an upfront fee on the sale. Don t let this stop you from asking them if they will for on commission only without the extra fee. This will allow you to only pay them when a sale is actually made.

There are a lot of potential pitfalls when selling a timeshare. Scam artists prey on your lack of knowledge and take advantage of you. But with the right information, you will be able to protect yourself. Use the tips above and perform your due diligence. With the right perspective and information you can sell your timeshare.

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Selasa, 24 Juni 2008

Making the Most of Timeshares

Timeshares can help you buy a vacation spot comparatively cheaply and easily. They help you to acquire an asset in the form of real estate. This industry originated in Europe in the 1960s and today generates nine billion dollars annually. Timeshares amount to approximately one third of what any hotel charges for a week. You have two ways of owning timeshares: Deed and title Non deeded or Right to use Deed and title refers to the complete ownership of a property without being affected by any change in the management. The time limit of the ownership is also mentioned in the title. Whereas right to use, gives you the right to make use of a specific facility at any resort for a specified time every year. It is based on an agreement with the management of that timeshare in a contract form. Timeshares are either sold for a fixed time of a year, or are sold with flexible time-periods to existing owners or new buyers.

So, if you have a large family and are planning to spend a vacation in a resort without making a hole in your wallet, then you can buy timeshares. But, if you like to go to different locations for a holiday every year, then you can put your timeshare on sublease in order to accrue profit from it. To make the most out of timeshare you need to first know if you will be able to use the facilities offered by timeshares on a regular basis. You must keep in mind the kind of lifestyle you have, along with various sources of recreation that you or your family would prefer during the vacation. Once you make that decision, you can look out for timeshares that can offer you the best locations at a flexible price. Many properties have flexible usage plans. Before investing in a timeshare, make sure that it has units in different locations. It can also have several units of their club, so find out if they have a unit in your preferred site or not. Avoid buying timeshares with any restrictions on reselling, because if you get tired of it, or cannot use it, you ought to be able to sell it across to others. This must be kept in mind in order to avoid any kind of competition from brokers of real estate, or firms that are involved in selling timeshares, which would like to keep you out of their market. Buying a timeshare involves a lot of money because the owner is supposed to pay fees for maintaining the property annually, so it is advised to go through all the documents related to the property before signing it. High demand areas like Hawaii have high resort ratings, which again means a lot of money. You can also seek help from an attorney over the documents before making the final decision. If you feel that you need time to reconsider your decision on buying a timeshare, there are cooling off periods that are provided in almost every state of America. It is a good idea to buy a timeshare with this provision. However, if you do not get such an offer that allows you time to consider, then you should review all the important documents before taking the final step. Hence, if you have always dreamt of owning a vacation home where you can go and relax with your family, then timeshare is the answer to your dream.

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