Get Rid of Your Timeshare Today, Before It’s Too Late!

I remember the day I decided to get rid of my timeshare like it was yesterday. I’d bought the unit after a high-pressure “free” vacation, and almost immediately I regretted my decision. You’re not alone if you’re one of the many time share owners looking to unload their unit.

If you felt pressured when you purchased your timeshare like I did, then it’s little wonder that you will soon want to get rid of your timeshare as fast as you can. There could be many reasons why you may not get to enjoy your weeks as often as you like. You may also want to make your money back.

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?

Anyone who has done any work toward reselling a timeshare has encountered companies that claim that they’ll perform all of the work for you. Many of these companies are real, but many others are not. A company that asks for payment up front, in any form, is probably a fraud.

Companies make money to get rid of your timeshare, but you have to watch out for some of them. Some companies will ask for “appraisal fee” or a “processing fee” and say they have a number of buyers lined up for the property. Whatever you do, do not give these companies your money. Instead do a little research and find a company that isn’t going to ask for money upfront.

When you decide to sell your timeshare, do not expect to get what you invested into it. You should price it on comparable values, not what you think it is worth. The biggest decisions are how much you are willing to list it for and whether you sell it yourself or seek someone else as an agent.

The chances of doing this are slim and none if you bought from a developer. In some cases you’ll have to sell it for as low as 30% of what you paid for it. There are a few reasons that you’ll likely sell it for less.

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.

An abundance of listing places exist once you’ve made your decision. A number of operating online sites list timeshare properties being sold worldwide, with some success. In addition, you may want to consider an auctioneer like e-Bay.

The greater your adaptability the better, regardless of the process you use in your attempt. Experiment with a variety of rewards until you discover what’s effective. Keep in mind that timeshare properties are sold daily and your property may be one of them, regardless of how you do it.

Tags: Auction, Company, Lodging, Sales, timeshare, Trade, Travel and Tourism, Website

Be Prepared For "Sell My Timeshare Week" – Find Out What Your Property is Worth For Free

Many timeshare owners are not aware that they can get full price for the timeshare property.

If you plan on being a part of “sell my timeshare week”, before this time you can find out precisely how much cash you have in your timeshare without having to speak to an inexperienced Realtor.

Depending on what time of year that you decided that your timeshare property up for sale will greatly have a bearing on its price. Now, private timeshare companies are allowing timeshare property owners to find out for free exactly how much cash that you have in your timeshare.

Now, there’s no need to spend hours and hours wasting precious time dickering with a relisting agent.

If you do not know how to sell a timeshare, do not fall for the pitfalls of working with a Realtor who does not focus on timeshares and might just be after just a fast commission by giving you a lowball figure on your property. Now, timeshare property owners can now get this information for free to avoid this.

The current state of our economy isn’t an element because there are multiple qualified buyers trying to find investment property and timeshares. You can make an educated call as to whether you should sell your property or not after you have found out precisely how much it is worth and how much other properties have sold for in your area.

Don’t make the error of leaving money on the table. “Recession” is only a word when it comes to selling timeshares

Tags: Business and Economy, Caribbean, Lodging, Money, Property, Real estate, timeshare, Travel and Tourism

The Timeshare Industry

The timeshare industry is fast becoming one of the most popular industries in the entire world. Today, millions of Americans look into timeshares and vacation ownership, and this number is only increasing with time. The timeshare business or industry has been around for quite some time. It was in the 1970s that a Frenchman sold timeshares in his hotel rather than trying to rent specific rooms. It was in this Alps hotel that the timeshare idea took hold and a lucrative and popular industry got its start. Since the start of this business, the industry has seen a surge in sales, especially during the late 1970s and throughout the 1980s. Today, the economy may be weakened, but people of all ages and backgrounds are still making the time to save for a timeshare in some of the most exotic properties in the entire world.

So, what exactly is a timeshare? Basically, people invest in a property so that they can visit this place at either a fixed or predetermined time each year or a certain number of weeks each year. People can buy timeshares for locations around the world: everywhere from New Orleans to the Bahamas. This way, a person can take the time to visit a new or exotic location but in an affordable manner. The price of a timeshare depends upon the location of the property and the time of year you want to visit this place. If you wanted to visit a popular vacation space during a peak time – think Rocky Mountains during the winter months – you may have to pay up to $12-13,000 for a week of such prime time. Thus, there are peak, shoulder, and off peak seasons so that people can distinguish between different times. If you have a timeshare deed, you can use the property during your specified time for an indefinite period of time, and if you do not have a deed, one’s timeshare will eventually expire.

When it comes to a timeshare, you should expect to pay a maintenance fee so that your property is taken care of even if you are not around to care for it yourself. Also, since many folks may be using a property, it is normal for there to be some basic wear and tear. This fee can cover such situations. If you have a flexible timeshare in place, you can visit your property at various times of year and can sometimes even trade properties so that you can visit a number of places and change your destinations. There are some timeshare plans out there that allow folks to save up their weeks and to use them all at once.

It is normal for large organizations to manage or organize large groups of timeshare properties so that people can trade time and move around the world. Two such organizations are the international group, Resort Condominiums International (RCI), and the Washington DC-based American Resort Development Association (ARDA). The latter group is one that not only offers timeshare opportunities to people but works to support the industry with lobbying and legislative work. The RCI enables folks to travel the world when it comes to their timeshare.

At the start of the timeshare industry, there were sometimes a negative perception of the practice because there were organizations and businessmen who sold timeshares to spaces that never ended up being built. This eventually changed because world-famous groups like Hilton and Disney entered into the timeshare industry. Once such powerhouse players entered into the business, timeshares became that much more popular. Once the industry gained respect, resale brokers entered the industry to make ownership easier and less of a risk if the owner decided to ever sell the space.

The timeshare industry experiences both its ups and downs. There are times when the economy is doing well and it is easy to sell one’s timeshare, and there are times when the economy is less than stellar and folks have less disposable income to invest in such ownership. Thus, when the economy is down, you may want to consider donating your timeshare to a non-profit so that you can do something good and can receive a much-needed tax break or dedication. If you are trying to sell your timeshare, you should be aware that you will still be responsible for any and all maintenance fees on the property.

Timeshares are great for folks who want to travel as much as possible, want to see the world, and want to get away to some of the most beautiful places in the entire world. If you invest in timeshares with reputable organizations like ARDA and RCI, you can be sure that you will be investing in real timeshares from which you will surely get your money’s worth.

Tags: 1970s, Business, Lodging, New Orleans, Rocky Mountains, timeshare, Travel and Tourism, Washington DC

Pitfalls to Avoid When Selling Your Timeshare

The age old truth about timeshares is that supply far outweighs demand; in other words, there are many more sellers than buyers. While the market is very competitive, this doesn’t necessarily mean that you can’t sell your timeshare. You will, however, need to do research and educate yourself on the pitfalls of selling a timeshare.

One of the most common options is to list your timeshare with a resale timeshare listing service or agent. This is appealing because someone else will handle the advertising, customer inquiries and transfer of ownership. There are generally two fee structures to this approach; commission-based and upfront or advance billing.

Companies that operate on a commission basis will market and sell your timeshare for you, then collect a commission upon the close of your sale based on a percentage of the sales price. Companies that charge an upfront fee will collect a fee in advance, generally in an amount ranging from several hundred to several thousand dollars, then market your timeshare for sale. Be aware that this latter method offers no incentive to the resale or listing company to market your timeshare once they have collected their fee. In fact, on July 8, 2009, WCTV.tv reported on their online site at http://www.wctv.tv/home/headlines/50243487.html that the Leon County Circuit Court in Florida had ruled “that the collection of advanced listing fees from Florida residents, regardless of the location of the property, and owners of Florida timeshares is prohibited.”

Whether using the services of a resale agent, a listing site or selling on your own, it is important to know the market value of your timeshare. This is can be difficult to determine as the timeshare marketplace is decentralized. Unlike home values, where you can use neighborhood comparisons of recent sales or use a site like Zillow.com, it isn’t quite as easy to find out how much similar timeshares have sold for. Browse listing sites to get an idea of what owners are asking for their timeshares; keep in mind that the asking price may not represent the market value as many owners need to recoup the balance of their loan regardless of the value of the timeshare. You can also follow similar properties on eBay to see what the final bid price is to give you an idea of how much people are willing to pay.

There are many companies that offer to provide you a quote for free. Do not rely on just one source when researching the value of your timeshare. Many companies use free estimates as a way to drive traffic to their website, then in turn market their sales pitch to you.

You may be asked to pay a fee for an independent appraisal. Unfortunately, this is a commonly used tactic by unscrupulous resale companies to generate revenue. Appraisals are rarely required or used. Remember that the marketplace is decentralized making a specific valuation difficult to obtain.

Be wary of any guarantees to sell your timeshare, such as a guaranteed minimum price or sale within thirty days.

Selling your timeshare is not impossible; price will have the greatest impact on your success. Do your research, know your options and avoid pitfalls.

Tags: Ask price, florida, Market value, Sales, timeshare, Travel and Tourism, Website, Zillow.com

Buy and Sell Timeshares! Timeshare Resales, Timeshare Sales, and Timeshare Rentals are our Specialty!

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Browse our Online advertisements of resale timeshares and rentals or fill out our brief online form for a FREE Seller’s market survey. We provide sellers with a cost-effective means of selling timeshares, and we supply buyers with the information and resources they need to make an intelligent buying decision. New inventory is needed daily. Selling timeshare? Allow our highly skilled and trained professionals to help you! Timeshare resale buyers are waiting worldwide!

Tags: DIsney Vacation Club, Hyatt, Lodging, Marriott International, timeshare, Travel and Tourism, Westgate Resorts, Westin Hotels