Making Low Offers On Timeshare Resales
Written by: Traver
People searching for timeshare resales mostly consist of bargain hunters who are well educated in the field of timeshares and have been familiar with this concept for quite some time. Especially in this economy more and more people are searching for the lowest price items and the best value, this holds true for every industry not just timeshares. With that being said many people searching for timeshares begin to ask themselves how can I find the best bargain by making offers less than the asking price without offending the person who owns the timeshare. Hopefully the owner of the timeshare has done their research and understands the amount they can expect to receive from selling their timeshare, owners who do not do this will many times have an over zealous asking price for their unit allowing potential buyers to easily spot them. Below we have outlined a few tips that will help you make an offer without offending owners and give potential buyers the best chance of securing a timeshare resale.
The first tip is to be polite, no one wants to receive an email slamming them or making them feel stupid. It is important to remember an initial contact with the owner is basically made to establish a channel of communication. In the initial inquiry it is beneficial to not even discuss the offer you intend on making for the unit. When first contacting an owner I recommend asking simple questions about the unit itself, for example how many bedrooms, bathrooms, usage time, view from room, etc. Once you have established a line of communication you can then make an offer and begin negotiating with the owner. The second tip is to present market research about the timeshare property in question. Presenting a document with market comparables of the timeshare unit when making the offer will show the owner why you have offered a certain price. The best document to have when making an offer is a timeshare market evaluation prepared by Vacation Timeshare Rentals. This document will give you and the owner the selling price of three comparable units that have sold over the past year and will give you an idea of what you should pay and the owner an idea of what they can receive for the unit. Sending a document to an owner from a third party without bias will make the owner feel more at ease with the offer and create a mutual understanding about the value of the timeshare. The final tip we will offer is to keep the line of communication open and try to end the conversation on a positive note. Even if you and the owner are not able to reach an agreement during your initial conversation make sure to let them know they can contact you in the future if anything changes and maybe the two parties can work out a deal at that time. You never know when someone may change their mind and decide to accept your offer, letting them know that you would be open for future contact will keep you at the top of their list if they do change their mind.
We are well aware that many of our readers have been on both sides of a timeshare resale transaction, if you are one of those please let us know about your experience, how did you go about making an offer and establishing communication with the owner? What was the final outcome?
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Posted: October 27th, 2009 under Timeshare Deals, Timeshare Resale, Timeshare Tips.
Tags: buy timeshare, timeshare market value, timeshare offers
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