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Sell or Rent Your Timeshare & Make Money
Timeshares, are they worth it? If you were lured into buying one, learn how you can sell or rent your timeshare and make some extra money in the process. It is easy to do so and free of charge, so make use of idle property and turn it into some cash for you.
See many people get lured into buying Timeshares when companies entice you with free vacations and all by attending a presentation. Kish and I almost got lured into one on our first no obligation meeting. It was in Las Vegas and they made us sit in the front (all the newbies site up there). That is so that we canít see the reaction of the oldies who are sitting in the back (they are there for a different reason).
Whether a Timeshare is a good investment is a matter of personal opinion. Just ask if you have a use for it and if you will get to use it. Usually the answer is that simple, but many still end up buying a Timeshare and not using it at all. Therefore it is a waste of money. So if you have an idle one lying around, you can sell or rent your Timeshare to make some extra money with the Bidshares program.
If you have tried to sell your Timeshare in the past, I donít need to tell you how difficult it can be. So in the mean time while you still havenít sold it, you can rent it out in the mean time so you are not stuck paying bills every month for a Timeshare that you donít even use.
This concept is a win-win for everyone involved. You as the owner will make some money renting out your Timeshare while maintaining ownership (to use it later yourself) while your tenant will get a nice place for a lower cost compared to a hotel.
So BidShares is a website where you can list your Timeshare and others bid on it. The good news? No sky rocketing fees to pay (as of early 2009 at least) ! It is a great forum for renters and Timeshare owners to meet and conduct business for free. As a timeshare owner you also get good exposure because when people search for a Timeshare your listing can appear very high on search engine rankings.
Is it easy to use?Very much. It takes 3 minutes to list your Timeshare for sale or rent. You can choose a bidding period up to 14 days and just watch the auction. If your listing does not sell or rent, you just hit one button and relist it. The best part is that there are NO fees to list and relist as many times as you want.
Is it really free?This is what amazes me. I donít know how they make money from the website. I mean you can use it to sell or rent your Timeshare and not even pay any fees. Ebay is what comes to mind and how they kill you on fees (listing fee, closing fee, paypal commissions etc). With BidShares you donít deal with any of that. I am guessing this will change later as the concept becomes popular.
There is one noticeable way I saw that they make money, but you donít have to pay if you donít want. It is their escrow service to close the deal. You can choose how you want to handle collecting payments once you sell or rent your timeshare. But if you want, you can use the service offered by BidShares to do this.
I highly recommend you use this because it will eliminate any risks involved and ensure you are getting your money. I have never used the BidShares service but I always use website vendor services whenever money is involved. In my experience, the cost cannot be much and it is definitely worth the peace of mind.
So if you have one just lying there and collecting dust, sell or rent your timeshare with BidShares for free here.
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