If you are thinking of reselling your timeshare, you need to choose a reputable resale company that will meet your needs. Here is how to select a timeshare resale company.
There are many resale scams, therefore, it is important to be certain that you are dealing with a reputable and trustworthy timeshare resale company. A good timeshare resale company will have membership with the Resort Development Organisation and you will have peace of mind knowing that they adhere to its code of ethics. You can also check their website for customers reviews so you will know what past clients think about the company. You can as well as contact the Better Business Bureau and see if they have good ratings.
It is important to go to their website and check the legitimacy of the company before giving them business. Ask for proof of their real estate licences which meets the requirements of the state where they conduct their business. Make sure you contact the real estate licensing agency to verify that the information provided by the company is valid.
Due to the increase of timeshare sells, there are many illegitimate companies that want to scam you. Watch out for companies that ask for your personal information including credit card and bank details, if they make unsolicited calls wanting to resell your timeshare, if they offer money back guarantees, and pressure you to make a quick decision on their offer. Scam companies will rush you into making a selling decision so you can purchase more timeshare.
Look for a company that has excellent advertising campaign in order to market your timeshare. They should use multiple advertising outlets including billboards, TV, radio and the online media. Using the right advertisement is a crucial factor when you are selling your timeshare in order to capture potential buyers.
Unlike real estate, timeshare depreciates in value, hence, it is vital that you price it right. It is highly recommended that you compare the prices of timeshare in the same resort so that you will know what to price your timeshare. Don’t overprice, rather sell lower than other properties selling in the market so that yours can have the first priority.
Make sure that the resale company gives you an offer in writing and not on the phone. It should include the services that they will offer and compare it with other companies. A reputable company will provide you with a written contract that includes the cost of service and the time period when the contract will be in effect. Go through the contract carefully and ensure that you comprehend each term and condition before signing it.