Do you want to let go of your timeshare? Searching for the best timeshare selling advice?
If you’re among the 85% of timeshare owners who regret their purchase, you may find that it’s not easy to reverse your decision. Selling a timeshare and even getting rid of it for free is easier said than done.
Fortunately, we’re here to help. Here are 5 selling tips you need to remember when attempting to sell your timeshare.
1. Get Help From Professionals
When working to sell a timeshare, make sure that you don’t do it alone. You may want to look for professionals who can help you sell your timeshare.
It’s a good idea to hire a real estate agent when selling your timeshare. Not all real estate agents are prepared to help sell timeshares, however, so make sure that you find one that has experience.
You may also want to hire a timeshare exit company. A timeshare exit company can help examine your contract and find legal avenues to get out of your contract.
2. Build Trust With Buyers
If you’re attempting to sell a timeshare, remember that many people will be suspicious of you. If you’re you’re selling a timeshare then you need to build trust and assure buyers that you aren’t trying to scam them.
This is one reason why working with a licensed real estate agent can be a great idea. Doing so can help buyers understand that your offer is legitimate and that there is a real property that they’ll be gaining access to.
3. Avoid Scammers
When trying to find help to sell a timeshare, make sure that you never pay any money upfront. Just like with selling a house, you shouldn’t give anybody any money until after your sale is complete.
If a company tries to get money from you upfront to help sell your timeshare, then you might be getting scammed. Be sure to verify that any company you hire to help with your timeshare sale is legitimate and trustworthy.
4. Know Your Timeshare’s Value
When attempting to sell a timeshare, you need to make sure that you’re realistic about its value. Unlike a home, timeshares lose value rather than gain value over time.
If you try to sell your timeshare for the price you bought it for or more, then you’ll probably have a very hard time finding a buyer. Instead, be realistic with pricing and realize that timeshares on the resale market will typically only sell for about 30-40% of the amount the resort sold it for.
5. Let Your Timeshare Go
In many cases, you may find that it’s not worth selling your timeshare and that you would rather simply let it go instead. There are a few things that you can do to let go of your timeshare and eliminate your obligations.
One option is to gift the timeshare to a family member or friend or even to somebody you don’t know. In some cases, depending on your exit contract, you may simply be able to give it back to the developer or timeshare company you bought it from.
Making the Most of These Timeshare Selling Tips
If you want to get rid of your timeshare once and for all, make sure that you take the selling tips above into consideration. By seeking help with your sale and by keeping your expectations in check, you’ll have a good chance of success with the selling process.
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