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Pros and Cons of Using A Realtor

Everyone who has ever sold a piece of property faces the dilemma of whether to sell it himself or herself or through a realtor. It can sometimes be a difficult decision to make, especially if you are looking to make a decent profit on the sale of the timeshare. It may be somewhat like a house in the makeup, but you have several people buying into it, and if you have a great many partitions open, selling through a realtor may not yield much of a profit after commission.

Depending on your experience and the amount of time you have to devote to selling the timeshare, as well as how many owners the timeshare has existing, it may be economically feasible to use a realtor for a number of reasons.

• Advertising is included in their commission.
• They have access to large networks to reach interested buyers.
• You do not have to worry about doing any of the paperwork.
• Communication is between you and the realtor, so you do not have to deal directly with the buyer. This frees your time to take care of other business.
• A realtor is better able to pre-qualify buyers.

For the timeshare manager or seller, having a realtor take care of everything can be a blessing. Of course, for the companies who make a business of selling timeshares, this may not be feasible since their wide-range marketing and networking efforts tend to reach a great deal of people already with the weekend getaway packages. However, for the sole owner who has little time or the timeshare owner who is trying to sell the remainder of his timeshare, it is a better choice.

Selling through a realtor does not come without its disadvantages though.

• Commissions that reduce the seller’s profit
• Lack of direct communication with the buyer (can be good or bad)
• Lack of knowledge about what the realtor is telling the buyer
• Time delays in renegotiating contract
• Unable to accept direct bid while under contract to realtor

For the busy timeshare seller, having a realtor take care of all sales and negotiations can be helpful. This is especially beneficial to the individual owner trying to sell timeshares, as he may be busy with other projects at the same time. In addition, in spite of the disadvantages, a realtor knows the market better than anyone else and can negotiate the best price based on what the market will bear at that time.