need help on finding a broker to help me sell a time share I bought in Vegas?
Posted on Feb 20, 2010 under Sell Time Share |
If there is a mail box or a community bulletin board at your home resort, you can put a “For sale” sign. This will pressure the developer specially if they sell it for $20,000 USD and you offer it for $5,000. Sometimes on the fine print of some sale agreements says that the developer has the first right to buy if your place is ever sold. I have heard of developers paying the money (as long as is not too much) just to take the sign out.
To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.
Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).
Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.
There are some free classified ads where you can start posting:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/
February 20th, 2010 at 11:26 pm
http://www.timesharesonly.com/
http://www.sellmytimesharenow.com/
http://www.timeshare-resale-rental.com/
http://www.holidaygroup.com/
References :
February 20th, 2010 at 11:32 pm
as an alternative; call a RE broker in Vegas and ask them to sell it
References :
AZ RE broker
February 20th, 2010 at 11:55 pm
Good luck, the most known companies charge upfront fees to list timeshares. The other bad part is that the resale market is so over saturated that it will be almost impossible to stand out from the rest unless you are selling it for $1.
References :
February 21st, 2010 at 12:02 am
If there is a mail box or a community bulletin board at your home resort, you can put a “For sale” sign. This will pressure the developer specially if they sell it for $20,000 USD and you offer it for $5,000. Sometimes on the fine print of some sale agreements says that the developer has the first right to buy if your place is ever sold. I have heard of developers paying the money (as long as is not too much) just to take the sign out.
To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.
Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).
Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.
There are some free classified ads where you can start posting:
http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/
References :
February 21st, 2010 at 12:39 am
A major factor in the success of selling your timeshare is entrusting the correct broker to handle the listing and selling process. Before you commit to a broker, carefully research firms near your timeshare to determine which agency consistently delivers the results. Most importantly, ensure the agency you choose to list your timeshare has experience in selling timeshares. Though a broker may know the local market well, the approach to selling timeshares in a great deal different than that of selling condos, townhouses, or houses.
Check the record
Before you make the choice of a specific real estate agent, check their timeshare sales record. A quick scan of the local newspaper can give you an idea of how successful any agent is, but you may need to do a bit more in-depth research. Do not be afraid to ask the agent directly about their success in selling timeshare units, including the average days the unit sits on the market before it sells and the average cost of the properties he or she has sold in the past year. Has the agent recently sold other timeshare units in your development? Consider comparing the sales success of different agents in the area of the timeshare to ensure you make the correct decision.
Leverage referrals
Ask your neighbors to find owners in your development that have recently sold their units and learn which agent represented them. Did they find the agent to be easy to work with and did they feel that the agent helped negotiate the best possible terms for the sale? Recommendations are an excellent place to begin your search, but be wary of blindly trusting a good word, even from a close friend, without doing your homework. Furthermore, be wary of listing to recommendations from friends, family members, neighbors, or co-workers that have sold properties other than timeshares, as-again-the market is different for these unique forms of real estate investments.
Ask questions
Ask all of your questions about your timeshare sale before signing a contract with a real estate agent. Determine the marketing methods that the real estate agent will use to generate interest in your timeshare. Furthermore, ask about the estimated time it will take to sell your timeshare and get a written estimate of all fees. Your agent should be able to answer any questions and calm any concerns you may have regarding the real estate market. If for any reason your agent is unable or unwilling to answer any of your questions, you may need to think again about your choice of agent.
Choosing the correct broker will enable you to ensure your timeshare sells for the maximum price in the minimum time. Many timeshare owners have made rushed decisions when it comes to what agent to entrust the selling of their investment, only to be disappointed in the end. Instead, doing a small amount of research will be able to prevent any issues later on down the road when your timeshare has gotten stale on the market or finally sells for a paltry amount.
Finally, you may wish to look into the background of the real estate agency if you have any concerns about their business practices. Contact the Better Business Bureau to see if any complaints have been lodged against the company.
References :
http://www.sellyourtimeshare.info