How to Make Money Selling Time Shares
- 1). Buy a time share when it is at a low price. This is needed so a profit can be made. Shopping around for the best prices on pre-owned timeshares is the best way to find the lowest prices. There are many reseller websites where you can purchase pre-owned timeshares that others are taking a loss on to get out of a contract. Some owners are just not using the timeshares as much as they thought they would and no longer want them. Whatever the reason, their loss can be your gain if you get a timeshare for a low price.
- 2). Analyze the current market to find out what the asking price should be for the timeshare you purchased. Looking on timeshare agency websites and comparing similar timeshares can give you a good idea. Be sure to look at several sites for comparisons. Note the interest rates companies are charging to finance the timeshares.
- 3). Offer your newly acquired time share for sale. This can be done privately or through one of the many timeshare agencies online. Offering a low down payment and boosting the interest rate a bit on the sale of your offered timeshare will have the most profit in the long run. If you decide to sell privately you will want to contact an escrow company to do all of the legal paperwork for you. There are fees with both escrow companies and timeshare agencies.
- 4). Flip your profits from the sale of the timeshare into more timeshare purchases and continue the process of making money selling timeshares. You may also consider renting the timeshares to vacationers for a week at a time. It saves them money compared to a hotel stay and you can profit from it.
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