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Five Tips For Selling Your Timeshare
By: Etoo Submit an Article
There are a number of reasons that people choose to sell their timeshare homes or apartments. Whatever your reason for selling, make sure that you make the most of this opportunity by following the tips below.
1. Get a realistic price
It’s important that you get a realistic price for your timeshare. Unlike other property, timeshare ownership isn’t an investment and you may not get back what you paid for it. By looking at the location, condition and situation of your timeshare, an experienced timeshare agency will be able to give you an accurate, realistic and achievable valuation that should help you to sell your timeshare quickly.
2. Use a reputable agency
Unfortunately, there are several unreputable agencies whose sole aim is to make money – and may not even be interested in selling your timeshare for you. Make sure that you choose an agency that has your interests at heart, by checking whether:
• The agency is a member of either the European timeshare governing bodies, or the International Timeshare Resale Association (ITRA)
• They have a clear fee structure – good agents will never ask for an up-front fee
• They are happy for you to have the resale contract checked by your solicitor
• They are happy to provide details of their service in writing
3. Check out advertising
Agencies will advertise your timeshare property for you, through a variety of media including newspapers and selected online sites. Check the costs of this advertising and whether, like general estate agents, it is included in the fee.
4. Sort out your paperwork
When you bought your original timeshare, it would have come with its own paperwork. You will need this in order to resell your timeshare, and to pass onto the new owners. Make sure it is all in one place and in order before you start the selling process.
5. Keep track of your costs
There is a cost associated with selling your timeshare. The agency will take a fee and you may also need to pay a solicitor to check the contract. Make sure you are aware of all the costs you will incur, both to help you decide whether it’s worth selling your timeshare, and to ensure that you don’t overspend.
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