Selling timeshare week can often be laborious as their many things and necessary things to be worked on. So, one can always hire an agent or the company who would look after the sale of your timeshare week. If you are constrained by time to manage it all by yourself then you should always hire a reliable agent would work for timeshare.
Should you decide that you would like to sell your timeshare, it is very important to be as informed as possible about the process. The process for timeshare resellers is similar in concept to the sale of any property, so if you have sold property before, the terminology used will be familiar to you. However, if you are not familiar with selling properties, the information below will help you get a clearer picture regarding what is involved in timeshare resale.
Right of First Refusal or ROFR
This means that the resort where your timeshare exists has the option to buy it first before you sell it to a private buyer.
Owing to the current economic situation, my investments had not protected my income, and I was in need of releasing equity.
First on the list was our Club La Costa Vacation Points, it was after all a luxury and the prospect of a holiday on the horizon looked very distant.
Following a research into how to sell timeshare points, I had registered my interest with a company called ‘Travel and Leisure Group’ who stated on their website, that they were one of the largest and respected timeshare resale Brokers, being members of the Organisation for Timeshare in Europe (O.T.E.). Vacation Owners Coalition in Europe, Resale Broker Alliance and Timeshare Consumer Guide!
So with those credentials, I decided to let them advertise my Vacation Points. A marketing fee of £154 was paid, which covered advertising in the Daily Telegraph, Daily Mail, Daily Express and inflight publications from British Airways and B.M.I.
This fee covered 6 months worth of advertising.
After 6 months, I had received nothing, no interest, no updates and more importantly no money.