When choosing a timeshare resale company, you need to ensure that they are reputable, legitimate and trustworthy. 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. Make sure you read reviews and testimonials from the resale company you are contemplating doing business with. 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. Ask for proof of their real estate licences which meets the requirements of the state where they conduct their business. If you have questions regarding the validity of the licensing information, contact your state’s real estate licensing agency or the real estate commission.
Due to the increase of timeshare sells, there are many illegitimate companies that want to scam 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.
Look for a company that has excellent advertising campaign in order to market your timeshare. You want to choose a company that advertises using local papers, internet, billboards, radio, and TVs. 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.
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. It is wise to price it lower than other units because potential buyers are more likely to purchase the cheapest timeshare.
Once you have narrowed your list of potential resale companies, make sure that they send you an offer in writing. They should also give you a full description of the services that they will offer you before you make any informed decisions. The contract should be detailed and in writing and it should include the costs that you need to pay, the duration of the contract and who will be handling the documentation. Make sure that you read the fine prints carefully and understand the terms and conditions before making your payment.