Effective Strategies For Selling A Timeshare In A Recession

According to the American Resort Development Association, there are more than 4 million timeshare owners across the United States.  There are ample buying opportunities, but what if you want to sell your timeshare?

In this 4-minute piece with NBC’s The Today Show, Barbara Corcoran talks about the difficulties today’s timeshare sellers face with respect to a down economy, revealing sales strategies in the meanwhile.

Among the advice:

  • Know what your share’s worth, then lower it by 20%

  • Don’t overlook obvious marketing techniques

  • Consider auction sites to sell a timeshare

  • Donating to charity open up tax breaks

Selling timeshares is always more difficult than selling a “regular” home; and today’s recessionary economy doesn’t make it any easier.  Watch the complete clip for more tips on selling timeshares at MSNBC.com.