How will I know what my timeshare is worth?
In order to sell your timeshare, you must be realistic about the amount your timeshare is worth on the resale market. Generally, timeshares are sold on the resale market for between 40-70% of the original developer price. If you would like to find out what other vacation properties are advertising and selling for that are like yours, please do a Google search or contact us via the CONTACT US tab above.
What fees are involved in selling timeshare?
The costs include:
* Maintenance fees and taxes. * Outstanding mortgages * Any liens that may be against the timeshare * Other closing costs are negotiable between buyer and seller.
How do we handle the paperwork when I find a buyer for my week?
It is wise to have a contract between the owner and the prospective buyer when selling your timeshare.
Contact us and we can get you help from a legitimate source if you need it.
Should I use a Real Estate Broker to sell or rent my timeshare?
It's not necessary. However, for those that feel more comfortable leaving the process to someone more familiar with it, or who don't really have the time to deal with selling it themselves, a licensed broker is certainly a way to go. Again, contact us if you need help with this.
Do I need an appraisal to sell or rent my timeshare?
No, you do not need an appraisal to sell or rent your timeshare. However, if you would like to see what other vacation properties that are similar to yours are advertising and selling for, please contact us or do a Google search with your property's description.
Who handles the closing? Do I need a lawyer?
We recommend that you use a licensed and bonded title company who can handle the closing process from start to finish. We can refer you to one if needed or provide you with simplified instructions. They will take care of the deed preparation, escrow of funds, timeshare estoppel certificate, closing statements, and recording fees, generally at a flat rate.
How long will it take to sell my timeshare?
When selling your timeshare there is no predetermined sales time. However, there are many factors to consider that will affect the time it will take to sell your timeshare including price, resort, location, week, availability, etc.
Can I sell or rent my timeshare if I still owe money on it?
Yes, you can. If you are selling your timeshare, you will need to pay off the balance before the deed is transferred.
Do I need a sales or lease agreement?
Yes, it is wise to have a contract between the owner and the prospective buyer when selling your timeshare. You can obtain one readily online or we can provide one for you.
What if my timeshare is not selling fast enough?
Price is the driving factor for timeshare resales. Consider lowering your price or posting an ad to rent until it sells.
