Did you know that 81% of Americans traveled last summer? With so much demand for vacation getaway spaces, you might be tempted to sell your timeshare. But know the proper procedure first.
Read on to learn about the six common errors for timeshare sellers and how to avoid them!
1. Neglecting to Look at the Contract
Remember that your timeshare came with a contract, and you’ll need to abide by the rules. Read the timeshare contract details to understand what you will need to do from a maintenance standpoint before you can list your timeshare. You may also need to pay a fee to get out of the contract.
2. Not Handling the Cancelation Properly
Do you have a timeshare exit strategy? Before you you start putting together a listing, be sure you know what a cancellation entails. The last thing you want to do is fabricate a reason for needing to sell.
3. Failing to Market Well
The timeshare selling process needs to include effective marketing. Start snapping polished pictures of your space and gathering information that will help sell it. Video or drone footage can make a good sales pitch, as well.
Aim to post your listing on reputable sites where you can attract potential timeshare buyers. List the vital features that can help your listing emerge from the pack. Check out WorldMark Resorts linked here to get a glimpse of well-marketed timeshares.
4. Choosing a Poor Price
Be realistic about what a fair timeshare price looks like when you list yours. Going too high means your timeshare will stagnate. But on the other hand, you don’t want to lose money by pricing it too low.
Research comparable timeshare listings in your area to understand the going rates. Be sure to budget for any potential setbacks or stretches when the timeshare sits on the market.
5. Giving in to Direct Calls
There may be instances where someone contacts you directly via email or phone offering to buy your timeshare. Especially if you haven’t formally listed your timeshare yet, proceed with caution. These attempts to promise a fast sale usually are scams.
If it sounds too good to be true, it probably is. If you haven’t interacted with a potential agent offering to sell your timeshare, don’t sign with them.
6. Starting with a Third-Party Agent
Does your timeshare have a home resort? If so, you should be contacting them first before reaching out to an agent. You might just sell your timeshare faster.
They might be aware of interested parties eager to snatch up your timeshare. And they may have an internal way to list your space and garner more interest.
Avoid Common Errors for Timeshare Sellers
When it comes to errors for timeshare sellers, there are several you will need to be careful to sidestep. Avoid choosing a price that is not competitive, and be sure to invest effort into marketing your timeshare. Additionally, take time to read your contract’s fine print to ensure that you are approaching the sales process ethically.
Get more of the travel tips you need. Check back soon for new and informative articles!