Thursday, October 2, 2008

How to Increase Your Return at the Closing Table

First, be realistic about the price. There's a good chance that you might have bought your timeshare after having been pressured into buying. There's also a slim chance that you bought when there was more of a demand than there is today; it was the "in" thing to do. Because the market may have changed, you might not get as much cash for your timeshare. Some research indicates that the majority of people get only 50 percent of the money they spent to buy the timeshare property.

However, you could increase your percentage by keeping the timeshare well maintained and clean. The truth is, most people when they sell their timeshares sell something that is left in shambles than when they were first purchased it. The temptation is there, when you're finished using the place for a vacation, to push off cleaning or maintenance chores on the next person. Don't do it! Your laziness could end up substantially hurting chances of selling at a decent price.

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