Friday, November 13, 2009

Know the Worth of your Timeshare before Seeking Relief

Most of the times if we know the value we can get by disposing or owning a property, our decisions become clearer regarding that property. The same is true in maintaining a timeshare unit. Unfortunately, most owners neglect this very important part in owning a property. Most jump to the conclusion of seeking timeshare relief without enough evaluation.

After finally deciding to dispose your unit, the appropriate action is to set your timeshare selling price. Statistics show that average resale price of a timeshare falls within 25 to 50 percent below the price set by the developer. In general, despite this prevailing average price in the timeshare market, there are many factors that can contribute to the value of your timeshare. There is the week number, resort destination, the resort rating, amenities and the view in that particular unit. Knowing the competitive edge of your resort feature will add to the value of your unit.

By carefully building on these factors, you can negotiate with your potential buyer for a higher price relative to the average retail price in the market. Remember that in transactions like this, you need to know your assets. You have to build on wherever you are most competitive. In this way, your might end up getting a better deal.

Keep in mind that impulsive decisions, in most times, do not give you want you wanted. Instead it may add up to the headache you are feeling at the moment. But, once you knew what your timeshare is worth, then, and only then, you can get rid of your timeshare successfully.

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