It is an idea that had plenty of success
in Europe before really breaking into the US market. While
you are happy with taking your holidays where the timeshare
is located, they are a great thing. And hopefully, if you
did your research well in the first place (you went to see
the location or you took advice from a trusted source), it
will be a long time before you think about reselling.
Nevertheless, in the future there may come a time when you
are thinking about reselling the time-share. This will
only be possible if the contract you purchased was the
correct type. But if you can legally resell your time
share it might be wise to understand some of the marketing
devices that agents use - this may enable you to recognize
any dodgy deals and also achieve a good sale yourself.
One devious technique sometimes adopted by time-share
sellers is the false impression they give to purchasers
when they buy in the first place, leading them to believe
they might make a fortune when they come to resell it. This
is likely to be untrue - the main advantage about having
time share is that you can use it. Therefore if you
thought you were going to make a lot of money when you came
to sell it you might be disillusioned.
Scams sometimes occur at the selling stage, when owners are
susceptible. So owners should be aware of some of the
scams that are at work, especially the deal which requires
money-up-front. The usual scenario is that an agent will
phone or write a letter stating that they have many buyers
and possible contacts online as well. But to use this
agent a fee of perhaps $1,000 is required. The scam is
that you are told that this will be refunded to you if they
do not manage to sell your property within the year.
However, the money usually refunded is often a small
portion of the fee originally paid.
Some perfectly legitimate sellers will ask for a fee before
they sell your property, but it should be less than a
hundred dollars. If you are unsure about a company do not
sign or agree to anything. A way to manage a difficult
phone call is to insist on them sending you paper work,
including at least five references from current customers.
Any legitimate company should check out with the Better
Business Bureau (www.bbb.org).
Another way to sell your time share is to put an ad in one
of the magazines that people might read when they are
looking to buy a time share. Alternatively you could use
this same medium to change your time share for another in a
different region. Another option is to choose a realtor in
the location of your time share - they are probably the
best bet for finding you a buyer!
Kevin Co writes for
http://www.timesharemadness.com where you can find out more about
timeshare and other topics.
Kevin Co writes for
http://www.timesharemadness.com where you can find out more about
timeshare and other topics.
