What to Know Before Selling your RCI Timeshare
In reselling your Timeshare property, confusing details such as how much to charge the new buyer can lead many to turn to reselling outfits for help. This step must be taken with a cautious gait as many of these reselling companies turn out to be nothing but frauds. That is why before engaging with these resellers, it is highly advisable to check certain practicalities.
Before putting your property on the market and registering with resellers, make sure that you have acquainted yourself with the below qualities.
1. No Comparative Market Analysis Needed
Comparative Market Analysis (CMA) is not a requirement when reselling your Timeshare property. There is no appraisal needed because you are not selling any traditional piece of land. You are simply putting in the market a specified time where you can use the reserved part of a resort for your convenience.
Get away from reselling companies that insist for you to get a CMA. This will most probably lead to a scam that will fish out large amounts from you as "commission" and "appraisal fees".
2. Guaranteed Buyers are Too Good to be True
Legitimate reselling outfits do not assure you that they have a ready buyer willing to pay out your demanded price. The procedure is for them to advertise with their clients your property and act as in in-between for any negotiation that might occur and to help in the legal documentation. Think of it this way, if you are the buyer, you cannot just agree to purchase a Timeshare property without seeing it first or hearing about its features and availability. No legal buyer would put their cash at such risk!
Many potential buyers will come to you. Screen them properly in the same way that they are screening and evaluating what you are selling.
3. Be Careful to Overestimate your Property
In the reselling market, it is just to price your Timeshare about 30% lower than the rate of the resort itself. This lower price might deflate your spirit but keep in mind that if you price just as much as the resort for the same property and season, the buyer will most likely opt for the resort offers.
If you have a prime Timeshare property, this can make you earn more relative to the other properties in the resale market. You will make a better profit when you are measured up with the other resellers. It is unwise to compare your price with that of the resort offering a new property.
4. Stick to the practical guarantees
There are only two real guarantees in the Timeshare reselling market. They are competitive pricing and a firm advertising crusade. If you price your property competitively and correctly while engaging to reach as many interested buyers as possible, you Timeshare will eventually sell. Buyers are always on the lookout for reasonably priced Timeshare properties that are promoted through legal and well known reselling companies.
If the reselling company that you are interested in guarantees more than the two mentioned, again move with care. Pledged prices, secured buyers, and over inflated assessments are simply not viable in the Timeshare reselling market.
For whatever reason that you may decide on selling your Timeshare property, keep in mind that no magic is required other than patience and practicality.
