Making,Money,Selling,Your,Time travel,insurance Making Money Selling Your Timeshare-- It is Possible
Torres del Paine is among the biggest of Chiles national parks, occupying almost 600,000 acres (242,000 ha) of land in the south on the border with Argentina. It is also among the most important, receiving a significant proportion of domes Like any American, traveling occasionally is just what I love doing and I bet you share the same stuff with me. But traveling does not mean that you would be safe. Escaping from our job and other stressful activities is just something that w
Buy high, sell low. That's not what any of us want to do! We are taking a bit of a backwards approach by discussing this since most people, when they buy a timeshare, dont usually think about making money on it. Instead theyre thinking of how theyve made an investment in future vacations.The companies who first sold you the timeshare have very effective strategies and you can learn a thing or two from them. First, take note that they tend to make their sales pitch during the "vacation-heavy months." June, July, and August are the best target months if youre going to try to make money on a timeshare.When selling your timeshare to make a profit, be prepared to be patient. You need to wait until the property value rises. And sometimes it wont. There is often a recurring theme in failure false expectations. Dont count on making hundreds of dollars in a few short months,.Renting Your Timeshare to OthersRemember, that every timeshare unit is used by many people throughout the year. You can rent your portion of the timeshare to others who want a "luxury" vacation. Your renter gets a great deal the services of a full service, upscale hotel for a good deal. ClassifiedsYour time-share owners club may offer this as a service. In this way, youll be preaching to the converted. People who look at these classifieds are interested in the kind of unit you are renting. Or try approaching other owners (or posting a classified for this purpose). People who own timeshares before and after your dates may be looking to increase their time. AdvertisePost classifieds on as many free internet group sections that you can. Most online services such as Prodigy, AOL, etc have free or lost cost advertising. High-Pressure TacticsSales people who promote timeshares are very good at what they do. When they are doing their sales pitch on location they can count on the fact that there will be people there with money who will jump at the chance to vacation here at the same time every year.According to Dana Dratch at www.bankrate.com you can save 50% to 70% when you buy a timeshare, if you know where to look. These deep discounts mean you could return the timeshare to the market and sell it for a good profit. The website at Money Central (www.moneycentral.msn.com/content/Savinganddebt/Travelforless/P90804.asp) says think used. Try to buy from the owner rather than the developer. The owner wants to sell. "The rule of thumb is 50 cents on the dollar, on the high end," says Rogers. Shop around, though, he says, "and it can get better than that."According to syndicated travel columnist, Ed Perkins, "You can find some of them for 10 cents on the dollar."Be careful, though. If you buy from the owner you may not get all of the "package benefits" that you would if you bought from the developer.Find a Great DealAs with all things, shop around and shop carefully. Dont rush it. Your phone and the Internet can be your best tools. Google the keywords "time share" "by owner" and you will have no end to your choices. A good deal's only good if you get what you want.Once you find a property you like, research other units in the complex. See how they are the same or different from the one youre looking at. And check to see if the developer is still selling units. Find out what the retail prices are. Its suggested that you ask the current owner for references. And if you can, visit the complex and chat with other owners. Find out if theyre happy with the complex or dissatisfied. Its very important to know if guests are happy with the management. To get a good idea of the place, rent for a week.Are you really getting a deal? Compare the price of a weeks stay at the complex you are considering with other luxury vacations. Dont forget to add in all the fees of the timeshare.Dana Dratch at www.bankrate.com says "Decide what part of the time share appeals to you (travel or this particular property), and keep that in mind while you're dealing. If your aim is to use your purchase as a bargaining chip to trade for time in other properties, you want an attractive location, preferably during a peak season to give you the most leverage. When you talk to other owners, ask how tough it is to get your reservations or trade for other accommodations. And if you want to trade, is there a fee? Buyer BewareWhatever you do, dont get scammed. The timeshare market is like any other business. There are scammers out there who only want your money and maybe, your personal information. The first they pocket, the latter they sell.If you are careful, you can make money selling timeshares. Follow the advice above and you make experience success.If you liked this article, you'll find more Timeshare articles at:Essential timeshare selling tipsBuy shares in stock marketFree online photo sharing
Making,Money,Selling,Your,Time