Sell My Timeshare Guide » Buying Advice

Timeshares on Craigslist

Admin — Sat, 19 Jun 2010 15:33:37 +0000

The evolution of the Internet has been so good to so many second hand or resale industries. Online bulletin boards afford an amazing opportunity for users to buy, sell, and trade almost anything like never before. In this article we’ll take a look at the Craigslist timeshare buying and selling opportunities that are out there, and how to best navigate the site and potential scammers.

First of all, let me say that whenever you’re dealing with anything on Craigslist there is unfortunately a good chance that someone is going to try to scam you in some way or another. One good but incomplete tip to avoid this is that if they don’t seem to have a good grasp of your native language, that’s a red flag. Sell My Timeshare Guide advises you to proceed with caution. You should take advantage of Craigslist’s own warnings and tips about cashier check scams and the like. This article cannot deal with that matter in full at all. So educate yourself.

That said, there are still thousands of legitimate offers to buy or sell a Craigslist timeshare in the forum. Usually, people will either post what they’re selling in the General For Sale section or the Real Estate – By Owner section. There is no actual Craigslist Timeshare section so people put their ads wherever they deem appropriate.

There is also no general consensus on where it is best to say advertise an Orlando timeshare. Should the owner put it in the Orlando Craigslist? Or should they put it in the New York City Craigslist, because that’s where they actually live? I favor putting it in the forum that corresponds to where the timeshare actually is located. If everyone just did it that way, then at least you would know that if you’re looking for a Mexico timeshare, you could just look at the Mexican Craigslist. Nevertheless, if you’re looking to buy a timeshare on Craigslist, you would be well suited to look around in a variety of “locations” to try to find the best deal.

So once again let me just reiterate that there are many legitimate deals to be found on “the mother of all online bulletin boards”, but you must keep a very watchful eye out for scammers. Proceed with caution whether you’re a buyer or seller (or even a trader), and make sure you really have “vetted” the person or company you’re about to do business with. But at the same time, remember that it can and has been a viable method of exchange for thousands of people.

Second Hand Timeshare Sales

Admin — Fri, 19 Jun 2009 15:21:05 +0000

There’s a little secret going around about time shares and it’s this: the best way to get a deal is to get in on second hand timeshare sales. These are available all over the Internet in places like eBay, individual’s buy and trade sites, and even Craigslist. There is actually quite a market here, because many people for one reason or another have bought in but now want to get out and wonder how to sell my timeshare? Like a used car, as soon as they’ve bought it and “driven it off the lot” it loses a big percentage of its value. That’s where you can come in and but their time-share for anywhere from 50% to 99% off. (Okay, 99% is probably a little unrealistic but it does happen.)

You see, what happens is that lots of people get hooked into buying a time share through a very sophisticated sales process. They may be hooked in through telemarketing to come watch a presentation put on by the sales group. They are enticed by offers of free prizes and even cash giveaways. Or they may get hooked in while they’re actually vacationing somewhere like Florida, Hawaii, or Mexico. Marketers like these types of people because they’re pre-qualified because they’re already showing that they like to vacation in that spot.

These people then show up to the presentation and are marketed to so hard that a high percentage of them end up buying into the timeshare. The problem is that while it is mostly a legit business providing a valuable product, some of these buyers end up not liking the maintenance fees and such that come down the road. Any of a number of things could contribute to them throwing their deeds into the second hand timeshare sales mix.

Now this is the market where you want to be. It is so much better to scoop up these second hand deals while avoiding the big sales process. Sometimes these people are so desperate to get out of their second hand timeshare sales that they’ll actually pay you to take it off their hands.

Obviously whatever you do you have to watch out for fraudsters, but there are definitely a lot of legitimate second hand timeshares on the market today. Make sure to read all the documentation and know what you’re getting into legally. You don’t want to buy into a money drain. Lastly, I would just say don’t make the same mistake that many have made: don’t view a timeshare as an investment.

Is Buying A Timeshare A Good Investment?

Admin — Tue, 27 Jan 2009 18:52:48 +0000

Buying a timeshare is an investment in your future vacations or holidays. You are purchasing a week’s accomodations in a vacation spot that you enjoy. You may even be able to trade your week to another location that is owned by the same timeshare company. As a financial investment though, timeshares generally do not provide any return on your money.

Timeshare ownerships are usually sold for half or less of the original purchase price. Everything sounds great when you are at the presentation and the benefits and luxuries are being extolled to you. Sometimes after you have purchased the property you discover that the location isn’t what you wanted or your week that you own is a difficult time of year for you to get away.

Once you have decided that you want to sell your timeshare, getting someone else to buy it will be a problem. Most timeshares being sold by the owner go for half or less of the original purchase price. Are you prepared to take a loss on the price or is getting out from under more important to you? It may be you are at the point where not being responsible for paying the maintenance fees are enough for you.

Purchasing a timeshare in the first place is not a good investment, unless you are positive that you want to spend your vacation time in the location that you bought for the rest of your life. Most people like to go and see different things on their vacations, so after a few years, the excitement of owning the timeshare wears off. You may not even be using it any more. In that case, cut your losses, dump it as fast as you can and get out from under paying those maintenance fees. Put those fees towards your vacation fund instead!

Once you’ve decided the lowest price you will take for your timeshare, think about how you want to advertise it for sale. There are places on the internet, like Craigslist and USFreeAds that you could post an ad for free, or you could try listing it on eBay, which will charge you a fee. If you don’t want to try selling it yourself, look on the internet for companies that will sell it for you. Find out what their fees are so you don’t have any surprises once the property is sold. Some companies may handle it for you and take their fee out of the selling price.

Research the price and have all your paperwork handy and in order so that when you’ve found a buyer the sale process can move quickly.

Sell My Timeshare Guide » Buying Advice

Timeshares on Craigslist

Related Posts

Second Hand Timeshare Sales

Related Posts

Is Buying A Timeshare A Good Investment?

Related Posts