Timeshares, often referred to as "vacation ownership," make up a sector of the travel and tourism industry which began in France during the second half of the 20th century. A timeshare is the ownership of a unit within a vacation resort for a specific duration during the year; the length of your duration is dependent on the number of credits and points you have or intervals assigned to a property. Today timeshares are not restricted to one specific resort. Owners can alternate among countries, duration and unit sizes depending on their credits.
Instructions
1. Purchase a timeshare when prices are low. Usually, you will find bargain rates when vacation and tourism are minimal. The advantage of timeshares is that prices are fixed, so you are not targeted with appreciated, future values. You can find even better deals if you purchase your timeshare directly from the previous owner. Search for sellers online through sites such as Timeshare-resale-rental.com.
2. When you decide to sell, analyze the market, including interest rates, and adjust your asking price accordingly. You can get an idea of the current range of prices by viewing listings from large real estate agencies such as Resort Condominiums International. Research a variety of companies so your listing is competitive and attracts buyers.
3. Offer a low down-payment option with high interest. The most liquid timeshare are those that cost less than $10,000 and have five- to 10-year contracts. Exploit the low monthly payments your buyer enjoys by increasing the interest rate. This will increase your cumulative selling price by a couple thousand dollars, while imposing a small monthly raise in your buyer's payment.
4. Upload your timeshare to an online listing company so that you can advertise to a larger and more concentrated consumer base. The benefit of this is that you can advertise your timeshare to serious buyers. Also you can highlight your listing and gain more attention by offering competitive prices that beat other timeshares in the online database.
5. Register your timeshare online as a rental. Renting is an alternate method of making money through timeshare investments; even if you are unable to find a buyer, you can still find potential tenants. Divide your timeshare into several smaller durations, and list them individually. For example, if you had a unit in the Colorado mountains for 10 weeks of the year, you could divide it into two five-week periods and advertise each as an individual timeshare unit.
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