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Today there are 8 million timeshare owners at over 5,000 resorts worldwide. Those timeshares range from Orlando to Fiji to India and many more. Timeshare can provide wonderful vacations for you and your family. Unfortunately, some owners need to sell. If you are in the spot I offer you 3 very important tips before you try your hand at selling your timeshare. Please know that selling your timeshare is no easy task. There are many timeshares on the market (supply) and not much demand which means low sales prices. So before you make any decisions that you'll regret, please listen up.
Please keep in mind that "timeshares are sold, not bought". This means that most people don't go out looking to buy a timeshare like they do when they buy a car. Through giveaways, incentives and sometimes aggressive sales tactics, timeshares are sold to the consumer. Many had no plans to buy but came home from vacation with a timeshare. So if you are planning to sell your timeshare, you might need to explore similar options like this to unload it. The other thing to understand is that timeshare salespeople are heavily incented to close sales. If they don't close sales, they don't make very much money at all. So if you are going to use a company or agent to sell your timeshare make sure they are equally as hungry as you to sell it. That means never paying them any money upfront for taking you on as a client. If they sell the timeshare, have an agreed upon fee that you pay them (flat or percentage of sale). But no matter what they tell you, never pay an upfront fee. They might tell you that they have a buyer "lined up" or that the fee you are paying is only a deposit and it's refundable. Don't listen to it. Hang up the phone. Once they have your money, you are stuck. I have heard so many of these stories.
The second tip you need to understand is how to value your timeshare. Unfortunately, it doesn't have as much value as you think. The rule of thumb here is that your timeshare is worth ? as much as you paid as soon as you bought it and 1/10th of what you paid when you are trying to sell it. A good way to gauge the market prices is to check Ebay or another online marketplace. You'll learn the inconvenient truth which is that it's not worth as much as you thought. The price depends a lot on your situation. If you cannot afford the payments or maintenance fees, you might be more inclined to sell it for whatever someone is willing to pay. There are many people in this situation which is why prices are so low. You are competing against someone that is quite desperate. It's hard to sell against someone in that position. For example if an owner from Diamond Resorts (a large timeshare operator) needs to sell because they lost their job and can't afford the yearly maintenance fees then they are probably willing to just give it away because they can't afford to keep it.
The final piece of advice is where to sell it. I suggest you start by selling it on your own. It will cost you very little to try that out. You'll get an education as to the market and that will help you if you ever decide to choose a salesperson or company. You'll need a few things before you list it. You'll need a snappy title and description that is short and to the point but also informative and enticing. You'll also need some pictures. The next thing you'll need is a website to list it. I do not have a website that I can recommend to sell your timeshare. I have not heard positive experiences about any of them. A good idea in a situation like this is to ask for a referral from a friend. I honestly think that you are better off considering timeshare exchange or timeshare rentals as a way to use your timeshare and obtain some value from it and even put some money in your pocket. Wouldn't that be nice.
Selling a timeshare is no easy task. Many have tried and very few succeed. I've outlined some tips to protect you and protect your wallet. Most of the time when people are selling their timeshare, they are desperate. They are emotional and when that happens, they do silly things like paying people to sell their timeshare. In the end I think you are better off trying to exchange or rent it and get value from it that way. Either way, I wish you the best of luck and a wonderful vacation this year.
Come to Timeshare Juice and learn how to list your Diamond Resorts timeshare for exchange or rent. Timeshare rentals are fun, fast and you'll make money from your timeshare. 
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