Posted on November 12, 2007 in Latest News
Selling timeshares is not as easy as one thinks. And the hard fact is that it takes lot of time and effort to sell a timeshare facility. But the biggest hurdle in selling a timeshare is setting a correct price for your timeshare.
There are generally two types of vacation timeshare facilities. They are: deeded and non-deeded (also know as license/right to use).
Lets assume different kind of timeshares that different people have and assess how people can set up the prices.
Selling at a profit
Rarely can anyone in the world sell their timeshare facilities at a profit. It doesn’t matter whether the quality of the facility is world class or average, or standard or even lesser.
Best advice that anyone can suggest to those looking for timeshare resale and also profit is rethinking.
Selling because you think you can buy a better new one
Yep, this is the right kind of thinking that works when looking at timeshare selling. Ofcourse you need to be very patient, very outgoing and logical in analyzing the situation that you will be getting by selling your timeshare facility.
If the timeshare you own is not as good as you thought it should be, even the new buyer would feel the same. So you will be looking to rate your timeshare around 25% lesser than what you’ve bought it for.
Same is the case even if you have an excellent or an average timeshare. Why would a buyer want to buy something if he can get a brand new timeshare by giving 1/5th of the price more on what he pays you? So, just hang around that mark.
You see a certain need coming your way, and you want to sell your timeshare off
This is the most general situation that many of us get into. Because, we are all, in one way or the other, not organized about the things that we don’t see and feel (timeshares are not owned in the same area that you live).
Just dump your airs, and lower the price - probably by 70% of what you bought Tit for. he only consolation that you can get out of such situations is that you can save all the travel and food costs. But there is some good news too. If you have good looking or an average timeshare, most of the times only 50% will be lost.
Oh you are desperate to sell
Well then, there has been a catastrophe with you or people around you. And you are desperate to sell your timeshare off. Just go find a buyer, show him your world class timeshare or the worst class timeshare. Take whatever comes by. However you can bargain of 75% loss on good looking ones. And don’t worry too much about people being so selfish.
Well that’s timeshare pricing for you.
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