Tuesday, September 7, 2010

Do You Own A Timeshare?

By Tim Rodney

If you are looking to sell your timeshare, you need to know that this is not a typical real estate transaction. Timeshare sales are in a very specialized market with it's own cycles and ways of doing business. This may confuse many new timeshare owners because they actually own a luxury piece of real estate whose value is determined in a very different way.

Peak selling times for timeshare have little relation to typical real estate transactions. Selling cycles are based on the location but more on the reason you buy the timeshare in the first place. Seaside timeshares or camping resorts will attract buyers at a different time of year than mountain or ski themed properties.

The not so good new is, selling a timeshare can be a daunting prospect. It is a niche market with it's own ways of doing business, and even a veteran real estate professional can be tripped up when first trying to manage this kind of a deal. But, this does not mean selling your timeshare is impossible.

Once it comes time to list, you may also want to consult a professional. Any real estate transaction is tricky, but timeshares have several unique aspects that make success difficult.First, it doesn't follow the normal real estate calendar. The sales cycle of your timeshare depends on what kind of timeshare it is.

You should look for a real estate agent that not only specializes in timeshares, but has a good track record with timeshares similar to yours. That way you have a better shot at getting a quick sale at a good price.That's where the professionals come in and many times there are free sites that can aid you along the way.

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