10 Ways To Sell Your Timeshare Fast
Since the recession, timeshare resales have taken a nosedive, and those who own them are desperate to sell. With the recession, fewer people have the disposable income to spend on a timeshare that they’re not using. The recession has also brought down the value of many things, so expect a good time to sell your timeshare now. The following are 10 ways to sell your timeshare fast:
1. Hire a broker
The best way to sell your timeshare is to hire a broker to sell it for you. This will cost you some money, but a broker can get your timeshare on the market quickly and will know how to sell it as well. A broker is also licensed, and they know many timeshare owners who are looking to buy. They may also be able to get you a better price because of their inside knowledge.
2. Go online
Run an online search for timeshare owners in your area. This will help you find the ones who own timeshares, and they are most likely looking to sell theirs. The best way to get their attention is to post your offer on local real estate sites and message boards. You can also tell them that you’re willing to give them a better price than what they’re asking right now because you have a buyer lined up or that you’ll buy it for less than it’s worth if they agree to an aggressive offer now.
3. Don’t start low
Remember, you want to make the most of your money. The best way to get people interested in buying your timeshare is to start at a higher price. This will show them how much you’re willing to pay for it. You can take the average age of the unit or even the annual fee and see if it’s a reasonable number for them, or you can tell them that it’s worth more than that. The best way to sell your timeshare is to start high, and you might be surprised at how much it can pay off in the long run.
4. Offer incentives
The average person who owns a timeshare rarely uses it, so why would they want to buy one? They’ll want to know that there are some perks for them when they own a timeshare. Offer them a vacation deal where they get two weeks to stay at their unit if they agree to purchase yours. Or offer to pay for the closing costs if they buy it now. Make them an offer that will be hard to refuse, and they’ll take it.
5. Get a professional who knows what they’re doing
You may think you know what you’re doing but ask your agent. You only know some things; a real estate broker or realtor is the best person to sell your timeshare to someone else. They will market it and show it in the best possible way, you have to have the right attitude, too, because when selling your timeshare, you not only have to sell it but also yourself. The best time to sell your timeshare is now, so you’ll need to be willing to work with a broker. Having a broker will help you sell your timeshare because they know the market and can get it sold quickly and for the most money possible. They’ll also know how to deal with timeshare resale companies and will learn how to negotiate and get the most possible out of your sale.
6. Go to a timeshare resale company
Timeshare resale companies are the most common way to sell your timeshare. These companies buy and sell all kinds of timeshares, so they always have clients looking for them. A timeshare resale company will buy your timeshare for less than it’s worth and then try to resell it for a higher price. This can also be risky because you may be giving up some money if they can’t get a good price for your unit. If you go this route, you’ll need to ensure you get a good price out of it.
7. Go on the internet
Many timeshare owners have yet to decide to sell their timeshare because they feel it’s worth more than what they could get from someone else. The best way to sell your timeshare is to put it on the internet. You can post your unit for sale on local real estate sites or message boards and websites and post an ad on Craigslist, eBay, and other websites that deal with such things. You can also list your timeshare on Right Time Resales and other online timeshare selling services. Putting your timeshare on the internet will attract potential buyers looking for something like yours.
8. Offer it to a friend or family member
If you have a friend or family member looking to buy a timeshare, offer it to them. You won’t be able to ask as much money for it, but they’ll be more likely to want it than someone they don’t know at all. The best way to sell your timeshare is to sell it to someone you trust who can offer a good price for it. You’ll also be able to get more out of your unit if you know them because they’ll want it more than someone they don’t know.
9. Don’t be afraid to haggle
The best way to sell your timeshare is to cut a deal with the person buying it. Don’t be afraid to bargain over the price and ensure you get what you deserve. Don’t settle for a low price and get into a bidding war with someone else. You could lose money, but it could also pay off in the end because you’ll be able to get more than a low price on your unit.
10. Don’t be afraid to negotiate
You’ll need to talk to the person buying it, so don’t be afraid to do so. They may need some convincing, but you’ll be able to get more money out of them by being honest about how much it’s worth. Tell them how much you think it’s worth and how much someone else is willing to pay for it. If they offer you a low price, tell them their initial offer is too low and walk away.
Conclusion
Selling your timeshare is a big decision. You have to take the time to go through everything, think about what you would do with the money, and then decide whether it’s a good investment. When looking for a way to sell your timeshare, ensure you’re going about it the right way and are committed.