Reselling timeshare property can be confusing with the value of the property often being well below the owners expectations. This is where many resale companies can step in with many misleading scams. These scams many different variations. Examples include:

- Appraisals (or Comparative Market Analysis).
- Waiting buyers.
- Over inflated guarantees.
- Telling the seller their propery is worth more than really is.

Consumers should watch out for these scams. Cold callers claim they have a buyer who is willing to pay top price for the timeshare and insist on a large administration charge upfront to guarantee the sale. Legitimate resale agents will offer to market your property but will not guarantee they already have a buyer with an agreed price. Below are some solid tips to stick to when selling or renting your Timeshare.

Price your property competitively - Buyers are searching the resale market for a good deal. Make sure that your property is listed at least 30% less than the resort . Also, if you own a week that is not in a prime season, price it more aggressively. It will be hard to sell a unit in an off season for the same price of a unit in prime season.

Do some homework and understand what the market will hold - It is important to do some research on what properties comparable to your timeshare are selling for. Ccontact the developer of the property you own or other resale companies to see what units similar to yours are selling for.

Be patient - No company can predict when your property will sell. In fact, if any company does, it is a scam! Here are two major factors involved in successfully marketing your timeshare. Competitive Price and a Solid Advertising Campaign. If you are priced competitively, and advertise your property to as many people as you can, it will sell in time. There needs to be a realistic expectation as to how long it will take to sell your timeshare. The key here is patience.

Advertise - If you consider advertising on other sites, never allow anybody to lock you into an exclusive agreement. The more exposure you can get for your timeshare, the more possible purchasers will see it and therefore increase your chances of selling.

There are two basic types of timesharing plans. Deeded or Leased (Club). In a deeded plan, you buy an ownership interest in a piece of real estate. In a non-deeded plan, you buy a lease, license, or club membership that lets you use the property for a specific amount of time each year for a specific number of years. With both types, the cost of your unit is related to the season and the length of time you want to buy. For example, a winter week in a warm climate is worth more than a summer week in the same location.

Practicality - One reason people buy timeshare property is the convenience of pre-arranged holiday facilities. Consider whether you'll be able to use a timeshare facility year after year. Are your holiday plans sometimes subject to last-minute changes, or do they vary in length and season from year to year? Does the property have flexible use plans? If you're evaluating a timeshare plan with units in several locations, ask whether the club has enough units to satisfy demand.

Buying as an investment - Never consider the purchase of a timeshare as an investment. Timeshare resales usually are difficult. You may face competition from the original seller. Or, local real estate agents may not want to include the timeshare unit in their listings. Once all the timeshares have been sold, ask if the developer will be setting up a resales office on site.

Costs of ownership - Annual maintenance fees can range from £150 to £500 or more. Since these fees can rise at rates that equal or exceed inflation, it's important to ask if there's a fee cap for your plan. Keep in mind that these fees must be paid whether or not you use the unit. To help evaluate the purchase, compare your total timeshare costs with rental costs for similar accommodations and amenities for the same time and in the same location.

Exchange benefits - These programs allow you to arrange exchanges with other resort units in different locations for an additional fee. However, these trades cannot be guaranteed. There also may be some limits on exchange opportunities. For example, you may need to make your request far in advance. Or, even at an additional cost, you may not be able to "trade up" to a better unit at peak time in an exotic location. When you trade, expect a unit of approximately the same value as your own.

Pricing - Do your research. Many resales are inflated due to pressure tactics from the resale company. Many resale companies will tell sellers that their property is worth far more than it actually is, sometimes exceeding the price that the resort or developer will sell it for. If at all possible, talk directly to the owner of the timeshare and try to negotiate a fair price for both parties involved. Both parties benefit from a fair price sale. The buyer gets a good deal on a timeshare property that they wish to own and the seller will not have to pay the maintenance fees and other expenses involved for a unit that they are no longer wanting or able to use.