If you have purchased a timeshare property and want to sell it in the resale market, you could do it through a reputed agent. Be warned though, that it is basically a buyers market out there. In the resale market, supply far outstrips demand. Moreover, the original sale has been completed with you at a price that is approximately twice the real value of the property, mainly because of the promotional expenses. Investment in timeshare for financial gain is almost always a non-starter. If you have compelling reasons, you could consider resale. Even without any compulsions, it is not a bad idea to consider selling your timeshare property if youre not using it because of the recurring maintenance costs that you would be incurring by holding on to it. However, you cannot expect more than a fraction of the original price to come back to you. For a buyer, the picture is obviously different. You can get bargain prices that are just 25% to 50 % of the original price. There are many options available to you if you want to sell a timeshare property. Many resorts have their own owners club, which could help you. Agents specializing in timeshare sales are another option. However, make sure that the agent has a decent track record and is a licensed broker. You could, of course, also sell on your own through friends and personal contacts. This is an option that you should consider only if you have something specific. It is a good idea to survey the market on your own before you actually sell. Since the resale market is very price-sensitive, you may have to price your property lower than that offered by other sellers. As a buyer, you need to take care of a few things too. Make sure that the maintenance charges have been paid and there area no pending dues. Find out the time that it takes the club to make the transfer to your name, and the charges that the club levies for this. The resale market in timeshares is an attractive option for buyers, while offering a viable alternative to sellers that no longer use them. |
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