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Timeshares Information

GMAC Real Estate blog about Timeshare

Selling Timeshare Property Publié le Lundi 7 Avril 2008 à 13:49:40
Author: Mary Miller

It seemed like such a good idea at the time. But now, that Adirondack cottage you shared with your college buddies isn't the best place for your growing family. Or maybe that singles resort you joined doesn't really fit with your retirement plans. For whatever reason, you may no longer want or need the timeshare property you purchased. Selling it is possible, and can be profitable.

If you have a timeshare property to sell, you need the proper tools to ensure a quick and easy closing. Like any real estate transaction, this can be a daunting task that needs close attention and may require professional help.

Listing Your Timeshare Property

Have complete knowledge of what you are getting in return before you sell your timeshare property. Make sure to understand the terms of sale and guarantees, and keep asking questions until every matter is perfectly clear. You need professional, qualified advice; so if you're not satisfied with your agent, find another one to do the job.

Before you list your property, compare prices of other similar timeshares. Listing at a competitive price is beneficial for a quick closing. Be sure that you're not pricing it too low, or too high. Find out the usual price set by developers and compare it to your desired selling price. Find a compromise to sell your timeshare property more easily.

Whether or not you can sell your timeshare property can depend largely on market prices. Investors are looking for the best deal, and may choose a property with a lower price tag. Age is also a factor, so you may have trouble selling at the price you want if your property is older or less popular during the selling period.

Take any nearby activities into consideration when listing your timeshare. Local tourist business means more money in the pricing scale, which in turn benefits you. Physical characteristics such as a great view can also fetch a higher price. If your timeshare property is on the seashore or fronting a beautiful mountain range, you will see greater profits.

You should always post your listing so that potential buyers can find the benefits of your timeshare offer. Clearly describe the property in your listing, whether it be in print media, direct mail or online. Post a fair price, as overpriced units move slowly in a market driven by price and location.

Beware of unconditional fees. These are up-front costs charged by agents and derived from a large percentage of their income. Find a professional agent that will sell your timeshare property for a fair fee.

Getting Professional Help

Selling your timeshare property can be much easier with a professional agent or timeshare company. While you're saving the hassle, be sure that you're also saving the cost. There are timeshare selling companies that require no commission, and save you the stress of dealing with a broker by taking care of the negotiating and other processes for you. You can make it easier for your agent to sell the property by giving him or her complete and accurate descriptions, location information and full details regarding your unit.

Find a reputable agent that will advertise your property in newspapers and magazines, and on the Internet. Worldwide exposure is best, as potential buyers will be tourists and visitors looking for a vacation property. The timeshare industry is a worldwide success. Make your property known to qualified buyers in other countries with the farthest-reaching campaign available. Many timeshare companies offer professional Internet marketing consultants to make your website advertising work for you.

The selling process also involves legalities such as title searches and financing details. Professional assistance is available to take care of these fine points.

As in any industry, crooks and scammers are everywhere. Don't be fooled by shady timeshare sellers who offer unrealistic claims, guarantees and timelines. Avoid making any agreements over the phone or online until you have verified the reseller's experience and reputation. Ask for trusted, solid referrals to help you choose the right agent or timeshare resale company for you.

When you are ready to sign your selling agreement, be sure that the professional you have chosen does not require any additional costs or closing fees.

Finally, and of most importance, make sure that the law is on your side. Keep every part of your agreement legitimate, to protect yourself should anything happen to the deal.
Afficher les 7 commentaires. Dernier par Monark le 10-09-2012 à 13h08 - Permalien - Partager
Buying a Timeshare Resale: Seven Tips For Success Publié le Samedi 22 Mars 2008 à 11:38:06
Author: John McIver

Most people know that when buying a timeshare, great care should be taken. However, even more care and research should be used when buying a timeshare resale. Timeshare resales cost much less than buying directly from a resort developer, but you should still keep your best interests at heart. Being informed about your timeshare will lead to a positive experience.

1. It is a very good idea to actually see the timeshare you are buying. Some timeshare resellers may “talk up” their timeshare. If the reseller says that the timeshare is in a beautiful place, be sure to check it out. A timeshare, even a resold timeshare, is a great investment. It is important to make sure that you are buying what you want.

2. Timeshare resales often have very appealing prices. Sometimes, these prices can cause the buyer to overlook crucial questions. Be sure to ask about maintenance fees and property taxes. If these have not been paid up-to-date, then the timeshare will cost significantly more than the base price. It is very important to know the whole cost before you decide to buy a timeshare.

3. Some timeshares are affiliated with an exchange company. If the timeshare you are purchasing is affiliated with an exchange company, make sure to find out if this membership can be transferred. Doing this can help you to avoid unnecessary hassles in the future. If the timeshare you are purchasing is a point-system timeshare, find out if the points are transferable. Finally, if there are any additional bonuses with the timeshare, find out if they can be transferred.

4. The seller often pays to advertise the timeshare, while the buyer is stuck with the closing costs. Be informed and find out all of the charges that you will be responsible for upon the closing of the sale. This is important because some buyers do not know how much they are paying when they decide to buy the timeshare.

5. Visiting the timeshare can solve this problem, but it is important to be aware of it. Timeshares can sometimes be located in a facility that has only been partially remodeled. Other timeshares have not been touched at all. Paying an extremely high price for an old, worn-out timeshare is never a good idea.

6. Timeshares have different times that they can be used. Knowing when you can use your timeshare is very important. Some timeshares are odd-or even-year-use timeshares. If you buy one of these timeshares, it may be another year or two before you can actually use the timeshare you purchased. If there is a lease on the property, make sure to find out how much time is left on the lease.

7. Last, but certainly not least, find out why the timeshare is being sold. Too many buyers simply overlook this crucial information. Some resellers don’t want it anymore, but other resellers may have discovered a problem with the timeshare, or an inconvenience. It is important to know these issues so you can decide whether or not you yourself want to deal with them. If the reseller tells you the negative aspects concerning the timeshare, and you are still fully confident in its success, then it will be a good investment.

Timeshare resales can be complicated business. It is important to be as informed as possible when purchasing a timeshare because it is often a very large investment. The more investigating you do, the more informed you will be. Being informed is the best way to ensure that you have a positive timeshare resale experience.
Afficher les 3 commentaires. Dernier par Anthony le 04-08-2012 à 12h43 - Permalien - Partager