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