If you are thinking of reselling your timeshare, you need to choose a reputable resale company that will meet your needs. This article will guide you in choosing the right timeshare resale company for you.
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. You can as well as contact the Better Business Bureau and see if they have good ratings.
Deal with resale companies that have the right licensing required in order to sell and advertise your timeshare. A good timeshare resale company will have a real estate broker license given by the state where they operate. In order to check the validity of the licence, it is advisable to contact the estate licensing agency in your area.
When selling timeshares, be vigilant of resale companies that are scammers and want to swindle your money. 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.
Look for a company that has excellent advertising campaign in order to market your timeshare. They should use multiple advertising outlets including billboards, TV, radio and the online media. This way, you can be assured that potential buyers are aware of the property and you can be guaranteed of a quick sale.
Another tip for selling your timeshare is to price it competitively. Do some comparison with other similar properties so as to get an idea of the right price to sell your timeshare. It is wise to price it lower than other units because potential buyers are more likely to purchase the cheapest timeshare.
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. Go through the contract carefully and ensure that you comprehend each term and condition before signing it.