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Quick Tips To Sell A Timeshare

December 24th, 2009 No comments

To sell a timeshare certainly entails many and varied reasons. Hence, one should have the most compelling reason to sell such a precious property once treasured for different reasons. In as much as there can be many reasons to sell this property, there is also many more ways to do it.

By all means, you do have the right to sell your timeshare regardless of how you want it done your way if you have already figured out the reason for doing so. It is then time for you to figure it out how. But the first question you need to deal with before trying to figure out how to sell this kind of property is if there is indeed more than enough reason to have it disposed.

The many choices you will have for selling this property will definitely amaze you. Most of these are to have your property sold in a manner to your advantage and are also proven effective. There are many ways to sell a timeshare more effectively and actually faster than you can think of.

If such property is badly needed to be disposed for reasons as not being able to shoulder the financial obligation that is incurred, then try to get the intention reached to as many possible buyers as fast as you possibly can. In this manner, you can utilize your relatives’ or friends’ help to spread the word, so to speak. Now the social networking sites are getting more and more popular, try to maximize it when you need to sell a timeshare.

Popular online shops like eBay or Amazon are definitely among to reckon with when you need to sell your timeshare online. But these sites will surely charge you for posting your timeshare property for sale. Shopping websites online that will surely give you the chance to reach a wider market yet do not charge that much is also good to go.

This is one sure way of reaching as many possible buyers as you possibly can sans the charges. You can still opt for some other portals in the internet that have less charge or no charge at all when you post and add other than these sites.

If you need to choose to have this marketing strategy for your timeshare, ensure that you will not be spending more than you ought to. You should take the risk of spending some to advertise it either in newspaper, radio or television if you think you need to spend to ensure getting the best buyer when you need to sell a timeshare. It will also help to ensure having to advertise it in the same place where your timeshare is located otherwise the intention will only prove futile.

Having this information pertinent to many ways of disposing your timeshare, it is all up to you now to choose whichever you think is the most effective and which you will be able to get the best deals for it. It is hoped that with this knowledge coupled with your creativity you can have the best marketing strategy to sell a timeshare.

When you sell a timeshare, it is not easy as disposing a regular property to the buying public. You need to know the mechanics to close a sale. And you can do that carefully yet surely. You may also want to consider to buy timeshare

Are Timeshares Worth Buying? Show Me The Money!

December 18th, 2008 No comments
by Bobby K.P. Hernandez

When you financially strip down timeshares, they certainly are not as attractive or as sexy at first blush. If you take away all the trappings like the exotic locales, the seemingly low cost per vacation and the over-friendly salespeople, you potentially take on a growing financial burden that may last your entire life. Even if you are considering a resale timeshare for a low upfront fee, be sure to figure out how much it may cost you in the future.

The idea of a timeshare sounds fantastic. You can purchase one week of use of a condo unit at a luxury resort that normally would be completely unaffordable if you were to buy the unit outright. Although there is typically a high front-end fee to purchase a timeshare, a good timeshare salesperson can go through the finances and magically convince you how you’d actually save money in the long run. The annual maintenance fee sounds reasonable in order to keep the unit in tip-top shape.

In reality, timeshares are merely a means of paying for a vacation in advance. By paying the upfront cost averaging $19,000 in 2007 (according to ARDA, the American Resort Development Association), you are permitted to vacation at the resort every year for a week’s time indefinitely. Broken down among many years, each week of vacation reduces the “per week” rate such that if you came for 19 years, each week would cost only $1,000 for resort lodging for four to six people.

But will you use it 19 times? If you end up using it once or twice, that $19,000 seems awfully steep for a week or two of decent vacation. What could you have gotten for $19,000 on one vacation? You’d have servants, 24-hour care, a butler, a limo driver, a personal chef…you get the idea.

Now, there are timeshare resale “deals” where the upfront costs are very low compared to $19,000. So, what if there were no upfront cost? There are still annual maintenance fees. The average for a one-bedroom in 2007 was approximately $600 per year. Still, any vacationer would pay $600 for a week for the family or friends to go to an upscale resort right? It would be less than a $90 a day total for 4-6 people!

Although $600 a year might sound like a good deal, what if that amount doubled or tripled? Maintenance fees must be paid annually whether you go to the resort that year or not. So, by missing a few years, the cost per vacation week increases by $600 for every year missed. The $600 could easily be higher as maintenance fees continuously rise. The timeshare bargain before now seems like a long way away.

While some owners may still pay $1,200 to $1,800 for a great vacation with great family & friends every two to three years, adding these totals to the prorated upfront cost ($19,000) would cause any owner significant concern. Yet, there is one final fee that is often overlooked — the special assessment. This fee can be instituted almost at will by the timeshare developers onto unsuspecting timeshare owners.

An alternative would be to rent timeshares when you want to vacation. Developers are renting their unused timeshare inventory, often for less than what owners pay in maintenance fees. The timeshare rental industry is booming because of the lack of use by owners. By renting units, the developers earn an additional income stream on top of the maintenance fees and special assessments paid by owners who never used their timeshares that year.

Timeshare ownership will only make fiscal sense if you plan to use your unit every year without exception. If a substantial amount is paid upfront, then the plan on using it consistently over many, many years for you to break even.

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