| When reselling your timeshare, be aware, the | | | | Central ( says think used. Try to buy from the |
| chances for making a profit are slim. This is a | | | | owner rather than the developer. The owner |
| cold, hard fact and better you know it now than | | | | wants to sell. "The rule of thumb is 50 cents on |
| later. Buy high, sell low. That's not what any of us | | | | the dollar, on the high end," says Rogers. Shop |
| want to do! We are taking a bit of a backwards | | | | around, though, he says, "and it can get better |
| approach by discussing this since most people, | | | | than that."According to syndicated travel |
| when they buy a timeshare, don't usually think | | | | columnist, Ed Perkins, "You can find some of |
| about making money on it. Instead they're | | | | them for 10 cents on the dollar."Be careful, |
| thinking of how they've made an investment in | | | | though. If you buy from the owner you may not |
| future vacations.The companies who first sold | | | | get all of the "package benefits" that you would if |
| you the timeshare have very effective strategies | | | | you bought from the developer.Find a Great |
| and you can learn a thing or two from them. | | | | DealAs with all things, shop around and shop |
| First, take note that they tend to make their | | | | carefully. Don't rush it. Your phone and the |
| sales pitch during the "vacation-heavy months." | | | | Internet can be your best tools. Google the |
| June, July, and August are the best target months | | | | keywords "time share" "by owner" and you will |
| if you're going to try to make money on a | | | | have no end to your choices. A good deal's only |
| timeshare.When selling your timeshare to make a | | | | good if you get what you want.Once you find a |
| profit, be prepared to be patient. You need to | | | | property you like, research other units in the |
| wait until the property value rises. And sometimes | | | | complex. See how they are the same or different |
| it won't. There is often a recurring theme in | | | | from the one you're looking at. And check to see |
| failure- false expectations. Don't count on making | | | | if the developer is still selling units. Find out what |
| hundreds of dollars in a few short months,.Renting | | | | the retail prices are. It's suggested that you ask |
| Your Timeshare to OthersRemember, that every | | | | the current owner for references. And if you can, |
| timeshare unit is used by many people throughout | | | | visit the complex and chat with other owners. |
| the year. You can rent your portion of the | | | | Find out if they're happy with the complex or |
| timeshare to others who want a "luxury" vacation. | | | | dissatisfied. It's very important to know if guests |
| Your renter gets a great deal- the services of a | | | | are happy with the management. To get a good |
| full service, upscale hotel for a good deal. | | | | idea of the place, rent for a week.Are you really |
| ClassifiedsYour time-share owners club may offer | | | | getting a deal? Compare the price of a week's |
| this as a service. In this way, you'll be preaching | | | | stay at the complex you are considering with |
| to the converted. People who look at these | | | | other luxury vacations. Don't forget to add in all |
| classifieds are interested in the kind of unit you | | | | the fees of the timeshare.Dana Dratch at says |
| are renting. Or try approaching other owners (or | | | | "Decide what part of the time share appeals to |
| posting a classified for this purpose). People who | | | | you (travel or this particular property), and keep |
| own timeshares before and after your dates may | | | | that in mind while you're dealing. If your aim is to |
| be looking to increase their time. AdvertisePost | | | | use your purchase as a bargaining chip to trade |
| classifieds on as many free internet group | | | | for time in other properties, you want an |
| sections that you can. Most online services such | | | | attractive location, preferably during a peak |
| as Prodigy, AOL, etc have free or lost cost | | | | season to give you the most leverage. When you |
| advertising. High-Pressure TacticsSales people who | | | | talk to other owners, ask how tough it is to get |
| promote timeshares are very good at what they | | | | your reservations or trade for other |
| do. When they are doing their sales pitch on | | | | accommodations. And if you want to trade, is |
| location they can count on the fact that there will | | | | there a fee? Buyer BewareWhatever you do, |
| be people there with money who will jump at the | | | | don't get scammed. The timeshare market is like |
| chance to vacation here at the same time every | | | | any other business. There are scammers out |
| year.According to Dana Dratch at you can save | | | | there who only want your money and maybe, |
| 50% to 70% when you buy a timeshare, if you | | | | your personal information. The first they pocket, |
| know where to look. These deep discounts mean | | | | the latter they sell.If you are careful, you can |
| you could return the timeshare to the market and | | | | make money selling timeshares. Follow the advice |
| sell it for a good profit. The website at Money | | | | above and you make experience success. |