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Sell Your Timeshare Index
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Obtaining a fixed week timeshare unit is a great investment
for many people.
However, if needs have changed such as the costs and
maintenance fees become a burden, destination is
no longer intriguing, current lifestyles have shifted, or
maybe it is time to cash out and get some cash.
Then maybe it is time to sell the timeshare. |
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Depending on how the timeshare was purchased, new or from a
previous owner, many key issues exist to consider selling
your timeshare unit. If the situation calls for a quick
sale, then obviously lowering the price is a great incentive
to attract buyers. If using a broker and the sell needs to
happen quickly then consider holding the price at a
respectable level, but significantly increase the
commissions paid to the brokers.
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Before starting the selling process five key
factors should be remembered
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1. |
All 50 states consider timeshares to be a real estate transaction,
therefore, a licensed real estate agent / company are the only
entities you can hire to sell your timeshare, by law. |
| 2. |
Whether your timeshare
is deeded or not, located within the United States or not, rule #1
above is a true statement.
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| 3. |
When requiring the
services of an escrow, only a licensed real estate brokerage, title
agency or title attorneys can perform the duties legally. |
| 4. |
A verbal contract to buy
your timeshare is worthless. . . Get everything in writing and
to be on the safe side let an expert review any legal documents
before you sign them, it saves a lot of headaches later. |
| 5. |
IF the buyer presents
you a deal that sounds too good, it probably is a problem. |
Additional Tips on Selling Your Timeshare
|
1. |
All 50 states consider timeshares to be a real estate transaction,
therefore, a licensed real estate agent / company are the only
entities you can hire to sell your timeshare, by law. |
| 2. |
Whether your timeshare
is deeded or not, located within the United States or not, rule #1
above is a true statement.
|
| 3. |
When requiring the
services of an escrow, only a licensed real estate brokerage, title
agency or title attorneys can perform the duties legally. |
| 4. |
A verbal contract to buy
your timeshare is worthless. . . Get everything in writing and
to be on the safe side let an expert review any legal documents
before you sign them, it saves a lot of headaches later. |
| 5. |
IF the buyer presents
you a deal that sounds too good, it probably is a problem. |
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