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Tips for Selecting a Timeshare Resale Company

There are many timeshare resale organizations in the market, and finding the right one to do business with can be overwhelming. Here is how to select a timeshare resale company.

Reputation of the timeshare resale company is the first thing that you should consider when making your decision. 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. You can also check their website for customers reviews so you will know what past clients think about the company. In addition, you may want to check with Better Business Bureau if the company has any unresolved complaints.

Deal with resale companies that have the right licensing required in order to sell and advertise your timeshare. 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.

It is important to watch out for scam organizations whose motive is to take advantage of 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. Avoid companies that pressure you to sell your timeshare with the motive of selling to you other timeshares.

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.

Another tip for selling your timeshare is to price it competitively. Do some comparison with other similar properties so as to get an idea of the right price to sell your timeshare. 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. Know the exact services that they will provide you before you make a final decision. A reputable company will provide you with a written contract that includes the cost of service and the time period when the contract will be in effect. Go through the contract carefully and ensure that you comprehend each term and condition before signing it.

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