Timeshare Broker Associates, LLC is one such brokerage that exclusively handles timeshare buyers and sellers. We are licensed in several states including Florida and specialize in Florida timeshare properties. We find buyers through our extensive relationships with other brokers around the country and a select number of by-owner resale companies to find buyers. We handle the entire process, from the timeshare listing agreement, negotiating sales and drawing up the timeshare purchase and sale agreements.
We even have connections with some of the best title companies in the industry to make sure the title is properly conveyed to the buyer. Use the services of a licensed timeshare broker to ensure your resale goes smoothly.
In some cases yes, but it depends on the resort. Most resorts, especially the smaller, independent resorts, will not buy back your timeshare. Best to check directly with your resort to see if you can sell it back to them. Absolutely timeshares can be sold. Our licensed agents sell timeshares nearly every day to consumers looking to save money on the resale market over purchasing at higher prices at the resort. A few years ago a report by the American Resort Development Association estimated that 32 percent of timeshares were sold on the resale market.
One advantage a timeshare brokerage such as ours offers sellers is a no upfront fee model to sell timeshares. We only take payment in the form of a commission after a sale is closed, similar to the way a home is sold through a real estate agent. This is a preferred method of selling timeshare resales since there are consumer protections in place by the states in which brokers operate — being regulated by state real estate commissions.
There are primarily two types of buyers who will buy your timeshare as a resale — existing owners and consumers who have just visited your resort. An estimated 50 percent of all timeshares sold at resorts are sold to existing owners, who are viewed as pleased with the product and looking for more.
Many times existing owners understand the system and know that they can save money by buying on the resale market. The other type of buyer is the one who may have just rented a unit at a resort and been given the sales pitch by the onsite sales team. Consumers know that just about anything is available for sale online, including timeshares. Because they have experienced and enjoyed the resort, they are in a great frame of mind to buy and review resale prices at substantial discounts compared to the resort price they were just quoted.
There are a few ways you can sell your timeshare on your own. Timeshares with a mortgage are listed as encumbered and are almost impossible to sell. Make sure your maintenance fees , incidental payments, HOA fees and other sneaky costs are already paid. Try to find ones with the same number of bedrooms, baths and a similar square footage. The truth is. You really want to use a professional because the complexities of selling these types of properties require not only specific knowledge about the whole procedure, but also special access to the market.
You want someone who eats, breathes and sleeps this stuff—not a DIYer! You want an agent who specializes in listing and selling timeshares. If you go with a timeshare listing company who says they want to try to sell your timeshare, use caution. A lot of scammers have started taking advantage of the desperation so many timeshare owners feel. Put in the time researching potential companies by checking with the Better Business Bureau and the American Resort Development Association.
One ploy they use is to ask you to join a vacation club so they can sell your timeshare. Then the scammy part steps in! On top of this, if you get an unsolicited call, or they say they already have a buyer for your timeshare, be suspicious—be extra suspicious.
One of our licensed real estate agents will give you a free consultation to go over the services we can provide to you. Below is a step-by-step guide of how we help you through the listing and closing process of selling, with no upfront fees. Should you decide to accept our services, there are zero up-front fees.
We will work together to create your timeshare listing and set the offer price. This is up to you, but your agent can give you an estimate of what other timeshares are selling for at your resort. Throughout this process, you will have direct communication with your agent and we can adjust purchase prices and such accordingly. When an offer is made on your listing , we will contact you to go over the details. Fidelity Real Estate agents can help facilitate negotiations.
If you decide to accept an offer, we will draft up the contracts of sale for both parties to sign. There are a few negotiating points that are common with buyers making an offer, so keep that in mind.
Factors that buyers look for include whether there is already a reservation for the year with your ownership, when points will be available to use, how many points are left in the current year use year, etc. The resort that your timeshare is associated with has the right of first refusal ROFR , which means they can step in as the buyer.
The Right of First Refusal is written in every timeshare contract, and it gives the resort or developer the right to review the terms of the sale before it moves forward. IF they choose to, your resort may take over the sale and step in as the buyer. Essentially, this means the resort or developer accepts all terms of the sale and will purchase your timeshare back from you instead. If the resort or developer waives the ROFR, we can then continue with the sale with both original parties.
Either way, you will still be moving forward with selling your timeshare! If the ROFR is waived by the resort, we can direct you to a trusted title company that will transfer the title out of your name. The title company will process the title transfer and send the new title and documents to the resort and the county the resort is located in. This can take a little while depending on the title company and the county your resort is located.
Contact the resort to confirm the membership is out of your name. Do not stop paying until you confirm with the resort. Until this is done, you will still be responsible for paying the maintenance fees. Once all of these steps are complete, you have officially sold your timeshare with no upfront fees! One of our Licensed Real Estate agents will contact you as soon as possible. She specializes in writing, editing, search engine optimization, as well as graphic design and digital marketing.
Mia's past experience is diverse, with a history of interning at UCF's own literary magazine, blog writing for local nonprofits and making weekly op-ed pieces for The Odyssey.
She has lived in Orlando, Florida for 21 years and enjoys hiking, spending time at her local lake and being with her family. You must be logged in to post a comment.
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