Get a Good Sale of Your Timeshare

There are various resorts and condominium houses, which provide schemes of leased ownership where people can stay for fixed time duration, once every year. These schemes are called timeshares.While the timeshare allows people to stay in a home-like environment with all facilities, making it ideal for a holiday, since the place and time of the year is fixed; most people plan to sell off their timeshares after a certain period of time.

There has also been a huge depression in the demand of the timeshares, owing to the recession prevailing in the reality industry.The fact that the timeshares mostly come with a hefty timeshare management fees, for annual maintenance of the property and the other facilities, have made owning timeshares a loss-making investment for many people.Added to this, the increase in supply and reduction in demand of such properties has further reduced the prices for the timeshare options, making it a hard time for people to sell their timeshares.

There are however, varieties of things that you can consider if you are planning to sell your timeshare.The most basic thing is to approach the various online and offline advertising agencies and advertise your decision of selling the timeshare. Also, mention the features of the timeshare, like the period of lease, duration of stay and the other facilities that the property has to offer for the buyers.

What will also happen when you advertise about your timeshare’s sale, is that various reselling agencies and brokers will also contact you with the promises of getting you lucrative deals for your sale.Be wary that these people charge for an upfront fee and in most cases are not telling the truth, and would not be able to find you a good resale deal.If you understand the fact that the supply for timeshare is high, the demands are low, and that the reality market has crashed, you will be able to decide for an offer from a buyer, which is more realistic, than what the sweet-talking resellers try you set you up for.

In case you are not able to sell off your timeshare, you can look at other options like gifting a vacation to your friends or family members, or even searching for timeshare exchange programs, which allow you to swap your timeshare with other people, thus allowing you to go to a different place.There are also certain charity trusts, who take timeshares as donations, so you may donate your timeshare to them, and write off the timeshare management fees from taxes.

About the author

Sherry Fields Sherry Fields has been working in real estate since 2002. Working with the development team for the Hilton Garden Inn gave her strategic information on the commercial real estate market in Missoula. Broadening her scope she moved into the residential market and earned the designation SFR in short sales and foreclosures. Currently affiliated with Prudential Montana Real Estate, she works with both buyers and sellers "building relationships so you can buy & sell with confidence". Sherry Fields has recently earned the CREN designation - Certified Real Estate Negotiator. While price is a large part of negotiation - it is also about timing everything from the closing date to inspections, appraisals, home insurance - and it is about negotiating items that can show up in home inspections to achieve a mutually acceptable outcome.

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