Vacations To Cabo San Lucas

Mention timeshare and eyebrows be raised. Although there are many happy users of timeshare, there are many more who think it is nothing more than a scam. The extreme marketing methods employed by the timeshare marketers is largely to be blamed and they have caused many unwilling and reluctant buyers to plonk money for something they never wanted and may never be happy using. Inevitably, these people, if they did not manage to get refund, would be soon looking for ways to sell their timeshare.

This is worsened by many timeshare marketers who practice hit and run without any after-sales support. Many people who bought their weeks didn’t know how to use their weeks or exchange to other resorts and since they are not utilizing it, their best recourse is to sell or rent their timeshare weeks.

Unfortunately, many people who tried to sell their timeshare became victims of scammers who ask for deposits, fees for legal advice, upfront fees etc. but don’t bother to sell the timeshare one the money is in their hands.

Should You Sell Your Timeshare?

Here are are few questions you should ask yourself to help you decide if you should sell your timeshare.

1. Do you love to travel?

2. Does staying for a week or more in a single resort excite you?

3. Do you prefer free and easy holidays to guided tours?

4. Do you enjoy being familiar with the place?

5. You feel at home when the staff recognize you and call you by name?

6. You prefer resorts that are more like serviced apartments than hotels?

7. Do you like the flexibility of being able to exchange to over 3000 resorts and condominiums worldwide?

If your answers are yes to most of the questions above, it looks like you will be able to enjoy your timeshare ownership very much. You might want to reconsider selling it and look for someone who can help you benefit from your ownership instead.

Things To Note Before You Sell Your Timeshare

There are a few important things to note before you sell your timeshare.

1. The process of selling timeshare is not unlike selling a property and can often drag for very long. If you are in a big hurry, you would be better off looking elsewhere. Even if you can find a buyer at short notice, you would most likely need to sell at rock-bottom prices.

2. If you bought your timeshare thinking it can be a good investment, change your thinking immediately. Buying a timeshare is not unlike buying a car - it is good to use but the resale value is seldom, if ever, higher than the originial selling price. If you can sell your timeshare for 20% to 50% of the price you bought, before factoring in legal, administrative and marketing costs, it should be considered a reasonable deal. If you own a premium unit with many years left, you might be able to sell for up to 85% of the original price even.

3. Be careful. Be very careful. If anyone calls you to say they can sell your timeshare for you at the original price or better, of if they sound a little too enthusiastic, run. They are most likely scammers in disguise.

4. There are many resellers and brokers around. Take a look and compare them first before committing to any one of them. Very importantly, do not give anyone any deposits to help you sell your timeshare. The commissions and other costs of these brokers and resellers also vary so be sure to compare them first.

5. Some brokers will ask you to appraise or value your timeshare ownership before putting it up for sale. By and large, this is unnecessary as you will be able to find the prices of other units in your timeshare resort for comparison without having an appraisal or valuation. Moreover, many buyers will not buy based on the appraisal or valuation anyway so it will be a waste of your money.