If you are thinking about selling timeshare, chances are you have a lot of questions. Our Timeshare Seller FAQ provides answers to many of the most commonly asked questions when it comes to reselling timeshare.
Before you sell timeshare, read this page to make sure you are completely informed and have all the information you need to know how to sell your timeshare. If you have any remaining questions after reading our FAQ, do not hesitate to contact us at (877) 884-9577 – our knowledgeable timeshare experts will be happy to help you!
Whether you own a deeded or RTU timeshare or vacation club membership, and regardless of where you originally purchased your vacation ownership, you are entitled to resell it.
Right of First Refusal is a clause which allows the resort where your timeshare property is located to purchase it for the listed price before any private buyer. Timeshare sellers are required to alert the resort when they have agreed on a sale price with a buyer (if you decide to resell timeshare through a licensed broker, the broker will contact the resort on your behalf). If the resort declines their ROFR, then you may continue with the private buyer.
The short answer to this question is NO. Paying for a timeshare appraisal is simply a waste of your money. Some unscrupulous timeshare resellers will insist that you need to pay for a timeshare appraisal, but it is simply a way for them to extract more money from your pockets.
Instead of paying for an appraisal, a Comparative Market Analysis (CMA) is a much more cost-effective alternative – particularly since TimeshareHotDeal can provide you with one for FREE. Our market value survey produces a figure based on the value of your unit compared to the selling price of other similar units, taking into account various factors including week, usage type, season and unit size. Click here to find out what your timeshare is worth now!
Thankfully, you can still resell timeshares even if you have lost your deed or RTU lease agreement. If you have misplaced your deed, the closing company you choose (we can recommend a reputable one for you) can contact the appropriate authorities (usually the county courthouse in the region in which your resort is located) to recover it. The fee for this service is generally around $25 USD.
Yes, and no. You can advertise your timeshare and seek out a buyer, but in order to resell timeshare which is still under financing, you must pay off the balance before the title can be transferred to the new owner. If you are unsure how to sell timeshare because of a situation like this, you may wish to work with a licensed timeshare broker who is experienced in reselling timeshares and can handle such legalities for you.
Brokerage is optional. In many cases, timeshare sellers prefer not to pay a commission for the services of a broker. And with effective timeshare advertising like that provided by TimeshareHotDeal, in many cases, you can easily find a buyer on your own.
Other timeshare resellers prefer to work with a licensed timeshare broker, because it can dramatically simplify the process of selling timeshare. As such, TimeshareHotDeal is proud to offer both for-sale-by-owner advertising and full-service timeshare brokerage. We recommend our licensed brokers to any owner who does not have the time, experience or desire to negotiate a sale independently.
It is very important to us that every timeshare seller that works with TimeshareHotDeal gets the best service possible. As such, we are affiliated with a licensed and bonded closing company that can help you throughout the timeshare closing process for a low-flat rate (fees are usually paid by the buyer, unless you negotiate differently). These services include:
All title work will be assessed by a licensed attorney and is fully guaranteed.
There is no set time-frame, but it usually takes between six (6) and eight (8) weeks for a timeshare closing to be completed.
If you have any more questions regarding how to sell timeshare, please feel free to contact us today at (877) 884-9577. Reselling timeshares does not need to be a hassle or a complicated process when experts like those on staff at TimeshareHotDeal are standing by to help you!