How to sell your timeshare
Q: Is it necessary to pay an upfront fee when listing a timeshare on the resale
market?
A: You should never pay an upfront fee for selling timeshare. You should
not work with companies that own advertising companies. Generally their
advertising company will tell you your timeshare is worth an inflated price and
then sell the same timeshare through their licensed real estate agency for the
true value. This is done only to collect an upfront fee from you.
Q: Is an
appraisal necessary to sell a timeshare?
A: No. As in residential real estate,
an appraisal is rarely used in assessing market value. Instead “market
comparables” are typically used when assessing the fair market value of a
property. Appraisals, in most cases, are just another way of collecting an
upfront fee.
|