Selling a timeshare?
Posted by: Julian H on 11 November 2012
Any advice on selling timeshares? My neighbour has asked me if I can advertise it on "the internet" for him but I have not a clue where to start! He seems realistic about value.
Cheers, Julian
ps - I have deliberately not given any details because I didn't want this to appear a "for sale" thread.
Why doesn't your neighbour do his own legwork?
To answer the question, there are 'holiday' magazines that cover timeshares, so why can't the neighbour use one of these? Failing that, try an estate agent in the place of the timeshare?
Collaterally, I am very wary of any item offered through a third party. You see cars and hifi offered on this basis not infrequently. Caveat emptor, I think.
Fraser
Although - having your e-mail address in your profile rather screws that up.
Although - having your e-mail address in your profile rather screws that up.
or does it?
maybe this is a "side door solution" !!
Yes - it does.
The Forum Rule is -
"No Reps!
No For Sale or Wanted ads! (includes free gifts and loans of equipment).
This includes transparent or oblique references to equipment for sale or equipment being sought - sometimes this will be a judgement call."
I know some schoolroom barristers will constantly attempt to circumvent this but the simple intention is that the forum should not be used to contact buyers or sellers,
And for 'George' who is even now over excited by the 'limiting' use of the word 'equipment' in the rule above.
"George - put it away.
Rhythm, George. And cheer up - you're a happy flower, George.
Yes, you are.
Because I say so.
Oh good, Sidney, I knew you'd think of something.
All right, you shall be a cauliflower - only be it gently."
Weep if you must, Parting is hell, But life goes on, So sing as well.
Thanks to those that replied. My neighbour is an older gentleman who does not have nor understand the "internet" and I am a helpful neighbour from whom he asked for assistance.
My comment about wishing to adhere to forum rules was [and still is] sincere despite what daffy duck may believe.
Thanks to those that replied. My neighbour is an older gentleman who does not have nor understand the "internet" and I am a helpful neighbour from whom he asked for assistance.
My comment about wishing to adhere to forum rules was [and still is] sincere despite what daffy duck may believe.
Julian,
one thought is that i would expect there to be a "mass" of time shares for sale on the internet, so you would be listing in an oversubscribed area, and this would make it hard to off load with so many others available.
Might be worth considering an advert in your local paper (at a low cost) that could well attract a local persons interest into property ownership. I have seen similar done in my area and it certainly gets noticed, or even posted on email boards of local businesses like major companies or local government offices (if you know anyone in those sectors)
paul
paul
Yes, the market is fairly liquid, although I suspect that brokerage fees are higher than you might expect. Your friend's timeshare will have a market price within a fairly tight range. If that price doesn't "feel" high enough, then that is unfortunate.
Attempting to find a naive and uninformed local buyer who will pay higher than market price may work. Or it may not. The best you may do is save on fees.
Yes - it does.
The Forum Rule is -
"No Reps!
No For Sale or Wanted ads! (includes free gifts and loans of equipment).
This includes transparent or oblique references to equipment for sale or equipment being sought - sometimes this will be a judgement call."
I know some schoolroom barristers will constantly attempt to circumvent this but the simple intention is that the forum should not be used to contact buyers or sellers,
And for 'George' who is even now over excited by the 'limiting' use of the word 'equipment' in the rule above.
"George - put it away.
Rhythm, George. And cheer up - you're a happy flower, George.
Yes, you are.
Because I say so.
Oh good, Sidney, I knew you'd think of something.
All right, you shall be a cauliflower - only be it gently."
I am sure a moderator of the forum will put this right if necessary...
paul
Yes, the market is fairly liquid, although I suspect that brokerage fees are higher than you might expect. Your friend's timeshare will have a market price within a fairly tight range. If that price doesn't "feel" high enough, then that is unfortunate.
Attempting to find a naive and uninformed local buyer who will pay higher than market price may work. Or it may not. The best you may do is save on fees.
Just for clarity, I was not suggesting anything to extract money from uninformed people. Merely trying to find a less saturated market
Selling on a time share occurs as frequently as the unicorn walks down Pall Mall in London.
Has the owner contacted the resort where he owns the time share - the best hope is that a casual visitor to the resort through a RCI type swap might decide they want to buy at the resort and will approach the management of the resort asking if there are any for sale.
If the resort is a good resort and all "sold out" you have a chance of selling, however if the resort is still trying to sell weeks for the first time the marketing agents will not be very helpful.
Expect to lose money on the deal. The only benefit is not having to pay maintenance fees after the time share has been unloaded.
paul
Yes, the market is fairly liquid, although I suspect that brokerage fees are higher than you might expect. Your friend's timeshare will have a market price within a fairly tight range. If that price doesn't "feel" high enough, then that is unfortunate.
Attempting to find a naive and uninformed local buyer who will pay higher than market price may work. Or it may not. The best you may do is save on fees.
Just for clarity, I was not suggesting anything to extract money from uninformed people. Merely trying to find a less saturated market
The market price is just that. The market is broadly spread geographically, and it is easy for buyers and sellers to connect, regardless of physical location. The physical location of the buyer is largely irrelevant. In any given holiday location (or even individual apartment/condo complex) there will be multiple comparable timeshares for sale at any point in time. A buyer can easily determine the true market price for these, and therefore for your friend's timeshare. A buyer would not pay above that price unless they were uninformed. That is, if they only derived price signals from your friend's offer . But, you know, caveat emptor. If you can find a buyer who can't/won't use Google or do much research, good luck to you.