Selling Your Timeshare? Find the Right Broker for You

When putting your homes up for sale, it is easy to look for real estate brokers, as there are usually a lot to choose from. Top brokers in your area may have already created a name for themselves. However when selling timeshares, it is a slightly different game.

Not all real estate companies engage in reselling timeshares. While famous vacation destinations like Florida may have real estate agents who will resell your timeshare, more often than not, when selling your share vacation ownership, you will most likely have to look for a specialist.

Timeshare valuations are around 30-50% less than the initial price, so do not expect the value of your property to rise. Because of this, it would make more sense to purchase a timeshare to be used for holidays, rather than to treat it as an investment.

When choosing a broker, it is crucial to do some research before finally selecting one. Working with the right timeshare company can make the transaction less stressful and less financially cumbersome.

You need to find a broker within or close to the location of the property. Some owners contact companies who operate in their city due to the ease of proximity. However, these companies might be miles away from the property, and their brokers may not know how much the property is really worth, nor know how to draw in customers interested in purchasing the timeshare.

It is also imperative to choose a professional company with a good reputation. If the resale company contacted you first, conduct some research about the group before committing to any deal. The company you should pick must be professional in dealing with their clients and be in good standing within the resale industry.

If you can, ask for references or contact details of clients they have helped in the past. You can be certain that brokers who are comfortable giving you this data have left a good impression on their previous clients. You can then ask these previous clients about their experience with the company.

You can also find out which properties in the area have been sold recently and ask which broker sold them. In this manner you can find which company has experience and is active in your area.

When you do get in contact with them, ask a lot of questions, such as how they advertise, and what the average timelines for selling in that particular area are.

Also, stay away from companies who ask for high costs up front. Legitimate brokers with a proven track record do not have to resort to tactics like this which they know discourage timeshare sellers.

Brokers charge sellers differently, so it is important to know what those fees are for, and compare them among each other prior to making any decision.

Finally, before you transact with any broker, know how much your timeshare is presently worth, which is usually lower than the original price you bought it. This is critical if you wish to sell your timeshare for cash, as it will help you determine which broker really wants to help you sell it.?

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