There are many timeshare resale organizations in the market, and finding the right one to do business with can be overwhelming. This article will guide you in choosing the right timeshare resale company for you.
There are many resale scams, therefore, it is important to be certain that you are dealing with a reputable and trustworthy timeshare resale company. One way of identifying reliable companies is by inquiring if they are accredited to the Resort Development Organisation because it indicates that they adhere to their standards and codes of ethics. You can also check their website for customers reviews so you will know what past clients think about the company. In addition, you may want to check with Better Business Bureau if the company has any unresolved complaints.
Make sure that the company you use to sell your timeshare is properly licensed. A good timeshare resale company will have a real estate broker license given by the state where they operate. In order to check the validity of the licence, it is advisable to contact the estate licensing agency in your area.
It is important to watch out for scam organizations whose motive is to take advantage of 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.
Before you hire a resale company, it is important to inquire what methods they will use to advertise and promote your property. Look for a company that advertises using a variety of channels including the internet, billboards, local papers, and TV. 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. Before you price your timeshare, do your homework and find out what other properties similar to your sell for at the same time period. 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. They should also give you a full description of the services that they will offer you before you make any informed decisions. Also, you should obtain a detailed written contract that includes the costs or fees that you will pay, the duration of the contract and explaining whether you can rent or sell the timeshare on your own. Before you sign the contract, read the terms and conditions and make sure that you understand them.