Hello and thank you for your question.
The best place to look for advice on how to sell a timeshare is at the
TUG (Timeshare Users Group) website.
Cold Hard Facts about Selling Your Timeshare.
http://www.tug2.net/advice/ts-sales.html
Since you already understand that resale prices are only a fraction of
what you may have paid if you bought direct from the developer, you
mainly need to decide which of the approaches described in the TUG
page best suit your needs.
The TUG article emphasizes that you should NOT pay any up-front broker fee.
"Timeshare resale brokers (deal only with licensed real estate
brokers, there are over 20 currently advertising in our Business Ads
section ) can also get you more exposure but you must pay for it. They
will charge either an up front fee and/or a commission on the sale.
Remember, you are paying for the extra exposure and their services, if
you are ask to pay an upfront fee get a written listing of the actual
service they are providing for that fee. We recommend that if you are
dealing with a timeshare broker that you do it on a commission only
basis. That way they will get paid from the proceeds of the sale, just
like every other real estate broker."
Id.
Personally, I think if you are eager to sell, you should simply list
your timeshare on Ebay.
http://listings.ebay.com/Timeshares-for-Sale_W0QQfromZR6QQsacategoryZ15897QQsocmdZListingItemListQQsorecoZ2QQsorecordsperpageZ50
[I'm not sure if the above link will work for you. If not, go to
www.ebay.com
click the "search" button and search for Timeshare ]
If you list your property at a nominal starting price, say $100, and
you do not set a reserve price, there is a 100% certainty that your
someone will win your auction. You can then use a service company
like
http://www.timeshareclosingservices.com/
or
http://www.timesharetransfer.com/timesharetransfer/
to accomplish the transfer of title once your buyer pays.
If you want to protect yourself from a lucky too-low bid, Ebay lets
you set a starting price (maybe $1,000) and a reserve price if you
wish, but this makes your entry less attractive to bidders and if you
are overly optimistic you may end up with no winning bidder.
Search terms used:
TUG timeshare
timeshare transfer
Good luck with your property. If you find any of the above unclear,
please request clarification before rating my answer.
Sincerely,
Richard-ga |