How To Sell Your Timeshare
Frank Vanderlugt
So You Wish to Sell Your Timeshare
It's a great way to free up extra cash, especially if you, like most timeshare owners, don't get around to using it every year.
You are the creator of a timeshare and have decided the time has come to share ways. You can be interested in an additional timeshare or even have decided a timeshare isn't for you. Whatever your reason can be, a timeshare is a piece of real estate and you should place as much thought and planning into selling a timeshare as you would any more piece of real estate. Many agents exist that will help you in selling your timeshare or even acquire it outright. All the same, just as any situation where money is involved, there are many agents that will successfully take your money and your timeshare, leaving you with a microscopic percent of your profits. Of course, valid agents exist that will help you selling your timeshare in a totally professional manner. Weeding the valid agents from the scam artists will save you a lot of time, frustration, and money.
The best scam detector you have for your arsenal is your common feel. Prior to placing your money and property in someone else's hands, it would be a really good idea to do a few research on that professional. Ask questions, try out their references, and contact the Better Business Bureau to see if any complaints have been filed against the professional. Remember the golden rule of buying and selling: if it's too fantastic to be true, then it probably is! Don't decide on a whim. Spontaneity can be a really good quality in more aspects of life, however not when dealing with anything to do with money. Your goal isn't to line someone else's pockets. Your goal is to sell your timeshare for its full market value. Beware of corporations who demand a fee prior to the sale of your timeshare has transpired. Even if they claim this fee is refundable when the sale is manufactured, the best thing to do is turn on your heels and leave. Remember the basic relationship between a company and a client. Pay only after the desired result is achieved. When the professional has your money, you have taken away their incentive to act.
Selling a timeshare can be a demanding task since there are many factors that are included. Not only are you selling a specific time when you took the year, you are as well selling a location and a resort. These factors produce finding a buyer a bit even more hard, since someone can be interested in the time and location, however not the resort or even vice versa. Sequentially to provide the buyer with the best timeshare option, you require to cost the timeshare realistically. Find out the going market value for more timeshares for your area or even when you took your allotted time. To find this information, contact the resort for their current selling prices or even try out the real estate records for your area. An additional way to obtain a cost is through an appraisal of your timeshare. An appraisal company will charge a fee for their service and can readily be uncovered in the telephone book or even by contacting an appraiser's association, like the Appraisal Foundation.
Always keep in mind, your goal is to sell your timeshare. Making a profits on your timeshare is a completely different matter. Remember, the key word to pricing is "realistic.” The realistic pricing for your timeshare can be considerably less than the primary selling cost. Always bear in mind, you have utilized the timeshare for the length of your ownership and probably have fond memories connected to your time on vacation. If the cost is less than you were hoping for, remember these fantastic times and think of the difference in cost as vacation costs.
After pricing your timeshare appropriately, you are able to pick an professional to sell your timeshare or even sell it yourself. If you opt to sell your timeshare yourself, run by advertising. So take benefit of any local newspapers where your timeshare is based. A groovy thing is the Timeshare User's Group at http://www.tug2.net. This website has awesome information on owning and selling a timeshare and is an excellent resource. Also check into advertising at the resort itself. Many resorts have publications, newsletters, or even bulletin boards.
To learn even more about selling your timeshare, just log on to the Internet and visit locations like http://www.atimesharesz.com/sellingtimeshares to do a thorough look for. Even so you select to sell your timeshare, making well-planned decisions will assure you will succeed in selling your timeshare and having the best possible experience.
© Copyright 2005 by Dana Sanders. All rights reserved.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Considering information about timeshares? Go to http://www.atimesharesz.com. A Timeshares Z is a timeshares and vacation, resort and condo rentals and resales directory.
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Vacation Ownership Sales & Marketing Today | By Christina Wells (Hospitality Net)
The vacation ownership industry has evolved significantly since its inception 40 years ago. An array of use plans offers access to stunning resorts located in highly desired destinations. As the saying goes, it’s not your parent’s timeshare anymore. The product is impressive. So, what challenges face those who sell it? Developments sat down with ten industry leaders, from companies large and Cendant earnings slip, sales rise (CBS Market Watch)
SAN FRANCISCO (MarketWatch) - The same day that it announced plans to split into separate public companies -- and warned that its fourth quarter numbers would come up shy of previous hopes -- Cendant Corp. reported a 13% decline in third quarter profits even as revenue rose 12%. Cendant 3Q Profit Falls 13 Percent (AP via Yahoo! Finance)
Real estate conglomerate Cendant Corp. followed its Monday morning announcement that it will split its operations into four parts with a report that its third-quarter earnings dropped 13 percent, despite higher sales. Cendant third quarter profit falls (eyefortravel.com)
During the third quarter, the real estate services group contributed $2.07 billion in sales, an 11% increase, as the biggest driver of revenue of the company's divisions. Earnings rose 8% in the group to $409 million. PricewaterhouseCoopers Study Shows Continued Robust Growth of Multibillion Dollar Timeshare Industry (Hospitality Net)
WASHINGTON | The annual PricewaterhouseCoopers (PwC) benchmark study of the financial performance of the timeshare industry released today by the ARDA International Foundation (AIF) underscores the ongoing, robust growth of the multibillion dollar vacation ownership industry. The study, which focused on an industry subset of 47 companies encompassing 280 timeshare resorts in active sales(1), Cendant Reports Results for Third Quarter 2005 (Hotel Online)
Cendant Corporation today reported results for third quarter 2005. Revenue totaled $5.0 billion, an increase of 12% over third quarter 2004, reflecting growth in the Company's core real estate and travel services businesses. S.F.'s Argent Hotel in line to check out (BizJournals)
San Francisco's Argent Hotel is on the sales block and is expected to fetch plenty of silver -- somewhere north of $200 million by most estimates.
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