If you’re looking to sell timeshare property, it can be a bit of a struggle. You don’t have the marketing expertise and high pressure tactics to sell like the company that sold it to you may have used. But there are some things you can do to make selling your timeshare quicker and easier.
First thing you have to do if you’re holding out for a higher price is to be patient. You’re not going to be flooded with offers above your asking price right away. Put it on the market, and wait for the offers to come in. If you aren’t going to use the points or use your week before the end of your time, sell or rent the timeshare to someone to help defray some of the costs.
Take the first reasonable offer you get. I say reasonable, because though you may be holding out for a good return on your investment, you may realize that a great offer passed you up down the line as you grow impatient waiting. Even if an offer is below what you were hoping to get for it, if you’re desperate to sell, taking a lower offer will give you the peace of mind of a sale.
And if you’re waiting for the price you’re hoping to get, get used to turning down offers. If you lower your price too much, people looking to cash in on buying and selling a cheap property will try and haggle you down on a lower price. The market is flooded with timeshares, so the buyer does have the upper hand. But that doesn’t mean that you should just sell at any offer that comes, unless of course you just really want to get rid of that timeshare and stop worrying about it.
Before you sell, it is a very good idea to find out for yourself what an average selling price for your unit is likely to be and the best way to find that out is to check timeshare auction results. You can usually find a comparable unit to yours that will allow you to compare. You might even find your own resort on Ebay which will really give you the best yardstick to go by.