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How to Sell Your Timeshare at the Best Price

February 21, 2012 | Comments: 0 | Views: 170

Many people purchased timeshare when the economy was good. At the time, it seemed like an affordable way to take family vacations every year. However, as the economy weakened, your financial circumstances may have changed. Maybe you are out of work, can no longer afford the annual fees, or just undergoing a cut in income. If this is your situation, it is probably a good idea to sell your timeshare. What's the best way to sell timeshare? Keep reading and we'll try to cover how to sell your timeshare at the best price.

Selling a timeshare is not as easy job as it sounds. It is simple for sure, but if you are not familiar with the process, you might not get the best price possible for your timeshare.

The single most important aspect of selling a timeshare is it's pricing. You need to price your timeshare very carefully. Price it too low and buyers will get suspicious and may be reluctant to make an offer. However, if you price it too high no one will even consider buying it.

What is the Real Value of Your Timeshare?

Understanding the actual value of your timeshare is critical in order to sell it. You can do market survey and see the price of other timeshares that are similar to yours. But this involves doing a lot of work and research. There are companies out there that have this type of information readily available. If you can't spend the time to do the research yourself, you would benefit by contacting a timeshare resale company that can provide you with this information for a small fee.

Also you need to determine if you have deeded ownership of the property or a Right To Use (RTU). These documents are critical in the pricing of your timeshare. You should also have your mortgage information, tax records, and maintenance details related to your timeshare. Possession of these documents will make the sale easier when you find a buyer.

Aspects Affecting Pricing:

1. One of the most important factors that determines the price of your timeshare is the location and your usage dates. And if your unit is studio, the price is almost certainly going to be less. The price you get will also be less if your usage dates are in the off-season for that resort. Another factor to consider is maintenance. If the unit was improperly maintained, your unit could be worth less.

2. Can your timeshare credit be converted for other purposes like obtaining airline tickets or trading resorts? If yes, you may get much better price as many individuals are searching for inexpensive timeshares that can be traded or converted to something that better meets their needs.

3. Just how much time do you have to sell the timeshare? If your RTU is about to expire, you may want to get rid of it quickly. This can negatively affect your price as consumers will realize that you are probably eager to sell!

So what are you waiting for, get started and sell your timeshare at the best price possible.

For more information on the real value of your unit and how to sell your timeshare at the best price, visit

Source: EzineArticles
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