Want to get TOP DOLLAR for your timeshare?

November 11, 2007

It will take some work, but if you’re willing to follow these instructions you will be able to sell your timeshare for closer to 70% to 80% of what you paid for it instead of the measly 15% to 30% or less most resellers can get for you. If you’re going to waste your money on Internet advertising consider this first.

Take a vacation and enjoy! This will take a little effort but is the extra couple of thousand dollars in your pocket worth the effort? It’s up to you how lazy, uninterested and non-creative you can be or how willing you are to make things happen for your betterment. Ir should only take a few days to a week at the most and it’s a vacation so make it worthwhile.

Here is just one simple idea of how you can get a much higher price for your timeshare than through “normal” channels. I’ll give it step by step summary.

1. Call the local police or city hall in the area of your timeshare and ask them this, “What do I need to do to be legal to park on a public street in a car and put a for sale sign on the top of the car or in it’s window?” Get whatever they tell you in writing and do it in preparation for the sale.

2. Find a local escrow or closing company that will accept your information pre-sale and be ready for a quick closing. At the same time, check on the Internet to contact those few companies that will finance or refinance timeshares. Get this all set up in advance before you do the next step.

3. Take your timeshare vacation at either your appointed time or try to exchange it for a peak season week internally within the resort.

4. On your first day of arrival get a car. Since you usually check in during the afternoon or evening have a good nights sleep.

5. The next morning, before people start arriving for their timeshare demonstration sales pitches, park your car across the street with a sign meeting the police or city magistrate’s requirements for parking and post a sign saying something like, “Make your best deal and I’ll sell mine for $1,000 less!” Make the sign really visible, in colors and interesting.

6. Sit in the car and wait.

7. Some people coming in will stop to see what you’re about. Explain to them what you have, and that if they decide to buy, they will have so many days to cancel and get their deposit back. Tell them that if they bring back a completed sale contract and want yours you will sell it to them for $1,000 less than the best deal they got.

8. When someone comes back out, check their contract, negotiate a little more if you need, come to an agreement and get to the closing company and use the finance company if you need to.

9. You sell your timeshare much closer to resort prices, they get their money back and a good deal at the same time.

10. What can the resort do? Absolutely nothing. If they try, you’ve already established legal permission to be there doing what you’re doing. Will they try to throw you out of the resort of give you problem? Look for it and be ready to bring suit against them for liable, threats, discrimination, etc. The likelihood is that they will NOT do anything if you stand up to their complaint to you understanding that you can go after them for a heap of cash if they don’t fulfill their contract with you for a relaxing and pleasant vacation experience. Besides, how many people can you turn off toward sales if you sit outside in your car with a protest sign if they do and how much will that cost them? You do have power if you’re willing to use it.

We deal with timeshare donation and do things to maximize a donors tax dollar return. This is one way they can do that. In a donation, if a credit of more than $5,000 is going to be taken it must include a licensed appraisal.

How does this pertain? One criteria used by appraisers and the IRS in determining valuation is the ability to sell on the open market. If all you avail yourself of is listing on the Internet, you’re in the same leaking boat as everyone else is. If you do the above, you’re much closer to what the resort does. Letting the IRS and the appraiser know and understand that you were capable, willing, prepared and planning to do the above gives you an easier ability to argue for a higher valuation.

These are all tactics meant to get you as much for your timeshare as possible.

Enjoy a little vacation.

Dr. Ken Rich

One Response to “Want to get TOP DOLLAR for your timeshare?”

  1. […] Timeshare Donation Weblog created an interesting post today on Want to get TOP DOLLAR for your timeshare? […]

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