When choosing a timeshare resale company, you need to ensure that they are reputable, legitimate and trustworthy. Here is how to select a timeshare resale company.
Reputation of the timeshare resale company is the first thing that you should consider when making your decision. 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. Similarly before you trust a company to sell your timeshare, read their past reviews and testimonials. Contact Better Business Bureau to check their ratings and see if there are any complaints against them.
Make sure that the company you use to sell your timeshare is properly licensed. A great timeshare resale company will hold a real estate license given by the state and which indicates that they are a full-time 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 request for a large amount of money upfront, make an unwanted call offering to sell your timeshare, or ask for your credit card or bank information. Avoid companies that pressure you to sell your timeshare with the motive of selling to you other timeshares.
Look for a company that has excellent advertising campaign in order to market your timeshare. Look for a company that advertises using a variety of channels including the internet, billboards, local papers, and TV. When you are doing an online search for timeshare, you want to ensure that your property is featured so that you can be assured that potential buyers will be able to find it.
Timeshare is not an investment, therefore, make sure that you price it correctly for a quick sale. Before you price your timeshare, do your homework and find out what other properties similar to your sell for at the same time period. Lower the price of your property than that of your competitors in order to attract more potential buyers.
Finally, a good resale company will give you an offer writing and send it by email. It should include the services that they will offer and compare it with other companies. 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. Go through the contract carefully and ensure that you comprehend each term and condition before signing it.