If you were pressured into buying a timeshare, there’s a good chance that you want to get rid of your timeshare. Getting your money back might be important to you. For a variety of reasons, you might not be able to use your week as often as you would like.
It is consequently a high priority to receive fairly on the investment made by you. Reselling timeshare itself is a marketplace. How appropriately do you approach to trade your own timeshare?
If you have taken a look at the different companies offering ways to get rid of your timeshare, you probably have come across both legitimate companies and scams. Scams will ask you for money upfront to pay fees.
A legitimate company can make its money once they get rid of your timeshare. Regardless of how many buyers they claim that they have lined up, don’t give them your money. Even if it sounds like a really legitimate fee like an “appraisal fee” or “processing fee” just steer clear. However, if a company doesn’t ask for any money up front and you’ve done your research on them, they might be a good alternative.
It is time to set the asking price once you have decided on how you are going to sell (yourself or by someone else). Determining the right asking price could be tricky. You may or may not sell it for as much as you have invested.
If you made your purchase from a developer, the odds of accomplishing this are very poor. You might have to settle for as little as 30% of what you initially invested in it. Several factors might cause you to reduce the selling price.
In the first place, you could have paid too much money for it. If you accepted the initial asking price, then you certainly paid far more than the product was worth. Furthermore, you cannot duplicate the high pressure sales presentation like the developer. It is impossible for you to afford either to bring hundreds of people in for “free vacations” or to employ many salespeople.
Therefore you should resolve yourself to the fact that you’re not going to get what you paid for it in most cases. You can research what comparable weeks are selling for on several websites. E-Bay auctions timeshare resales and there are several databases with recent sales figures. Decide on a figure that you feel comfortable with after doing some research and go for it.
How can you get rid of your timeshare? There are many websites that will allow you to sell timeshares. Some exclusively sell timeshares, while others that do not exclusively sell timeshares, such as eBay auction, will allow you to list a timeshare.
There are many different things you can do to get rid of your timeshare and being flexible will give you a better chance. Keep trying different incentives to discover one that works. Timeshares sell everyday and yours will sell too.