By Dan Rainer
The economy is stalled. Incomes are down, unemployment is up and the value of our money does not inspire confidence in the short term financial picture. If, on top of this, you find yourself with a timeshare, you have an additional financial problem to deal with. The bills for your timeshare keep on coming, whether you show up or not.
Sounded like a good deal and for many, it was. You got that cabin in the mountains or that bungalow on the beach and still had money left to actually take the vacation. All the advantages and none of the worries. (Or at least less worries.)But times have changed since you signed on to that timeshare agreement. Kids have grown up, income has slimmed down and vacation time is hard to come by. And when you do get the time and money to get away, maybe you want to try something new.
So what’s the first step? Step one is a reality check. What is your share really worth? Right now. In today’s money, and in today’s market.
First step with selling anything, including a timeshare, is proper pricing. You need to know what it is worth in current dollars and in the current market. Prospective buyers won’t care about how much you’ve paid over the years or how many happy times you had there. They just want a deal. By overpricing your property, you not only make it hard or impossible to sell, you will likely inflate the fees you pay along the way, which are often based on your asking price.
Once you have the price, you can begin to list the property. This can be done by you, using available media or on line sales sites like eBay and Craig’s List. This has the advantages of lower fees, as you only pay for the listings.
There are listing services out there who, like any real estate firm, will try to link you with qualified buyers for a portion of your selling price. But like in other kinds of real estate, there are good firms and bad ones. Check them out in the comment boards and business watch groups before you sign. If their fees seem too high or their promises to wild, you may want to consider someone else.
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Topics: Travel and Leisure | Comments Off
MLA Style Citation:
Rainer, Dan "Are You Thinking About Selling Your Timeshare?." Are You Thinking About Selling Your Timeshare?. 2 Jul. 2010. uberarticles.com. 7 Nov 2014 <http://uberarticles.com/travel-and-leisure/are-you-thinking-about-selling-your-timeshare/>.
APA Style Citation:
Rainer, D (2010, July 2). Are You Thinking About Selling Your Timeshare?. Retrieved November 7, 2014, from http://uberarticles.com/travel-and-leisure/are-you-thinking-about-selling-your-timeshare/
Chicago Style Citation:
Rainer, Dan "Are You Thinking About Selling Your Timeshare?" uberarticles.com. http://uberarticles.com/travel-and-leisure/are-you-thinking-about-selling-your-timeshare/
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