If you are thinking of reselling your timeshare, you need to choose a reputable resale company that will meet your needs. The following are tips for choosing a timeshare resale company.
There are many resale scams, therefore, it is important to be certain that you are dealing with a reputable and trustworthy timeshare resale company. In order to avoid resale scams, find out if they are members of any recognized association like the Resort Development Organisation which requires its members to follow certain code of ethics. Similarly before you trust a company to sell your timeshare, read their past reviews and testimonials. In addition, you may want to check with Better Business Bureau if the company has any unresolved complaints.
Make sure that the company you use to sell your timeshare is properly licensed. A great timeshare resale company will hold a real estate license given by the state and which indicates that they are a full-time business. If you have questions regarding the validity of the licensing information, contact your state’s real estate licensing agency or the real estate commission.
It is important to watch out for scam organizations whose motive is to take advantage of you. Watch out for companies that ask for your personal information including credit card and bank details, if they make unsolicited calls wanting to resell your timeshare, if they offer money back guarantees, and pressure you to make a quick decision on their offer. Some companies will pressure you to sell your timeshares so you can purchase more timeshare from them.
Before you hire a resale company, it is important to inquire what methods they will use to advertise and promote your property. They should use multiple advertising outlets including billboards, TV, radio and the online media. When you are doing an online search for timeshare, you want to ensure that your property is featured so that you can be assured that potential buyers will be able to find it.
Another tip for selling your timeshare is to price it competitively. Before you price your timeshare, do your homework and find out what other properties similar to your sell for at the same time period. Lower the price of your property than that of your competitors in order to attract more potential buyers.
Once you have narrowed your list of potential resale companies, make sure that they send you an offer in writing. They should also give you a full description of the services that they will offer you before you make any informed decisions. Also, you should obtain a detailed written contract that includes the costs or fees that you will pay, the duration of the contract and explaining whether you can rent or sell the timeshare on your own. Before you sign the contract, read the terms and conditions and make sure that you understand them.