It comes a time when you wish to sell one of your properties. Time shares these days are among the most bought and sold properties in the market. It can be confusing with the value of property often well below the owner's expectations. That is why it is easy for deceptions and scams are made by illegal resale companies or consultants. If you wish selling time shares will be easier for you, it is best to know important facts about selling time shares wisely.
Scams!
In selling time shares, be wary and be on a constant look out for scams. Do not believe everyone who calls claiming that they have buyers willing to pay top the price for the time share you own and request charges upfront in order to give further guarantee to the desired sale. Remember that when you are selling time shares, you will not get the exact money you paid when you bought it.
Price your time share competitively!
Selling time shares entails for you to price your property competitively in the market. A good deal is what buyers are looking for and you should give that to them. You should base your price on price of the resort in selling the same unit as yours. Consider the color of the week that you own when selling time shares. If the week you own at the resort is during prime season, you are in the position to increase your price dramatically.
If it is otherwise, you will find it hard in selling time shares in an off season compared to the same unit during peak season. Also remember that you have plenty of competition out there, so don't price your the time shares you are selling higher than you will actually take.
Research!
It is vital to gather much needed information on what properties comparable to your time share are selling for. Comparing what you have to similar units being sold in the market can help you a lot in selling your time shares properly. A reputable time share company can be of assistance to you in locating this information.
Advertise!
Using services offered by time share companies and advertising companies, you will be able to make a maximum exposure to potential buyers when you are selling time shares or any type of real estate for that matter. List your property with complete details and descriptions along with video and pictures on any advertising website and or publication. Do not agree or sign any agreement regarding locking you into an exclusive agreement.
This means that you are not free to advertise or market your property in other companies. Further, this lessens your freedom in advertising which can prolong the wait before you can make a closing deal.
Advertising is not only limited to the Internet. When selling time shares, you have other options in maximizing the exposures of your personal marketing program. The rule of thumb here is to put your time share in front of prospective buyers by utilizing several types of media to advertises your property.
Direct Marketing can also be done when advertising and selling time shares. This form of advertisement utilizes e-mail, direct mail, and telephone to contact potential buyers. This is a very personal approach in advertising and selling time shares where buyers themselves are addressed one by one through these letters sent in various forms with complete listings of time shares for sale including yours along with the descriptions and details they might need to entice reservation and inquiry.
Radio is another type of media where advertising and selling time shares can be made.
Billboard advertising is also done frequently by time share companies in areas where there are many potential buyers. Billboards are placed in strategic areas where these potential buyers are frequently located. Orlando, Florida has one of the most number of billboards advertising and selling time shares because it draw attention from nearly 70 million potential buyers or renters in a yearly basis.
Patience is a virtue!
Cliché.
But, it is still true in selling time shares. Even time share companies that have been operating for a long time ensuring their expertise in this field can not predict when your property will sell. Selling time shares also have two major factors that are involved in successfully marketing your timeshare. First is the competitive price which was discussed above and a good advertising exposure.
If the two factors are done properly, this will help in hastening the selling process. But if one of the factors is not done so, it may take longer than you expect. Selling time shares entails realistic expectations. Thus, you must learn to be patient in selling time shares.
