How to Complete Your Due Diligence Before Selling Your Timeshare

Timeshare ownership is big business. The timeshare industry has grown considerably in the past decade, but the sluggish economy may have slowed down the timeshare boom just a bit. Many Americans are cutting back.

If you are thinking about selling your timeshare, there are a few important factors to consider. The first is price. Don’t have unrealistic expectations about the market for your timeshare. In fact, you may have to take a loss if you want to sell. Much of the price is dependent on the law of supply and demand. If there are too many timeshares on the market, which there may be in down economic times, the law of supply and demand dictates the price for which you can sell your timeshare will be lower than expected. Too much supply = lower prices. Less demand = lower prices. It’s simple economics.

The law of supply and demand also influences how long it takes to sell your timeshare. If there are numerous properties on the market, the time it takes to sell a property may be excessive. It can sometimes take years to sell a timeshare. While you are waiting to sell, you still have to pay the maintenance fees; for many Americans, these maintenance fees are cost prohibitive and they have to sell fast. To unload the property quickly, they have to bring down the price further than they expected and sell for a loss.

Another consideration is the complexity and cost involved in selling a timeshare. It is different than selling a home. You don’t just place a “For Sale” sign in the window to sell it. Because timeshares are owned by multiple parties, there are strict rules concerning sales. Because of these rules, many people look to hire companies that specialize in these types of transactions.  While there are good companies out there, there are many unscrupulous ones that prey on individuals seeking to quickly sell their timeshare.

Though the timeshare industry is rife with scams, there are a few legitimate companies which value integrity and honesty. HP Consultants is one of those honest and ethical companies dedicated to finding personalized solutions for all matters related to timeshares. They are experienced with timeshare ownership, timeshare management, timeshare usage, timeshare contracts, and timeshare liquidations. While maintaining a small business feel and personalized service, they offer around 100 years of combined timeshare experience and continue to provide their services at fair and affordable prices. They do their business face-to-face and adhere to the highest standards of integrity and professionalism while providing their clients with the best service and highest levels of knowledge in the timeshare industry.

If you don’t know what to do or just want to know all of your options, seek out an experienced and knowledgeable company like HP Consultants to help you make the right move with your timeshare.

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