Selling a Timeshare via For Sale By Owner: What You Need to Know to be Successful

Many timeshare owners decide, at some point, to resell their property. You may think that you have no choice to rely on an agent to do so. However, selling a timeshare yourself, if you handle the process correctly, can help save you a significant amount in fees and extra expenses.

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You might decide to sell your timeshares for a variety of reasons. For example, you might no longer have the time to use the timeshare you originally purchased. In other cases, you might need to sell the timeshare simply because you can no longer afford it. Regardless of the exact reason in your case, selling a timeshare can be a daunting task. Due to the somewhat complicated process involved, many people decide to hire an agent to handle the sale. However, others decide to try to sell their timeshares themselves in order to avoid having to pay any commissions and agency fees. If you decide to go the “For Sale By Owner” route, these tips could help ensure that your experience is smooth and successful.

One of the first steps you must take to ensure a successful timeshare sale is simply to price it properly. Generally speaking, most timeshares sell for 50 percent or less of their original purchase price when they were new. This can be an unpleasant fact to accept since you understandably want to recoup as much as possible of your original investment. However, it is very important that you leave emotions out of your pricing decision. Correctly pricing the timeshare in the first place means that the property is much less likely to sit on the market for an extended period of time without selling. The best way to make sure that you price your timeshare properly is to look at the prices of similar timeshares in the same area that have been sold recently.

Another factor that could be invaluable in helping you quickly sell your timeshare is implementing the correct marketing plan. It is very important that you market your timeshare in a way that maximizes its exposure to as wide a variety of people as possible who might be interested in it. Many people decide to list their timeshares online on sites like Timeshare Marketplace, eBay or Craigslist. Others go the more traditional route of using printed booklets that list numerous timeshares for sale. Most of these marketing options have some fees associated with them, so it is important that you decide in advance how much money you are willing to spend on your marketing. Of course, even a significant advertising investment will do you no good if you do not present your property in the best possible light. Good pictures are a must for a quick sale, as is a well written description of the property.

The last thing to focus on in order to sell a timeshare is responsiveness to potential buyers. It is very important that you be prompt and professional in all of your dealings with these prospects. Quick responses keep buyers from moving on to other properties, which is especially important with the number of properties that are currently on the market. Setting up a dedicated email address just for questions about the property is one way to make sure that you do not accidentally overlook any potential buyers. There are no guarantees in life, of course, especially when it comes to selling your own timeshare; however, following all of these tips can certainly help improve your odds of a successful sale.