Stroman Realty, Inc. published a report (get it here) that goes into the details of selling a timeshare on the resale market.
At first, a timeshare owner may be intimidated by the process. For example, the study explains that "In 2007 over 41% of our timeshare transactions the buyer, seller, broker and timeshare property were all in different states. Also in 2007 over 89% of our transactions involve at least three different states." For the individual timeshare owner, the notion of wading through the complexities of state regulations may cause them to postpone their decision to sell - when they need to get the ball rolling ASAP!
Then there's the question of "do I advertise it myself?" and deal with all the common issues of what "for sale by owners" have to cope with: unqualified buyers, low and disappointing offers, paperwork, title companies, closings, escrow and so on. What about timeshare brokers, internet advertising, marketing companies, equity exchanges, and the scam artists lurking in the shadows of the resales industry?
Anyone who wants to sell their timeshare, needs to do their homework. I would suggest you take a close look at the study mentioned earlier. There's a lot of good news about timeshare resales, rising resales prices, and the hotspots of the industry.
Information is power!
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