Want to sell a timeshare? The licensed real estate professionals at Advantage Vacation have been in the timeshare resale business for over 20 years and have over 35 years of experience and expert knowledge of resort, hotel, vacation clubs and points-based timeshare resales. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We are leaders in the secondary market of timeshare resales and are Accredited Members of the BBB with an A+ Rating.
Advantage Vacation has an excellent web presence and is one of the top timeshare resale sites on the web. In addition to writing a blog article about your resort and featuring your timeshare for sale (which gives greater exposure to your timeshare for sale), we utilize other forms of advertising in order to attract thousands of visitors to our web site.
We network with over 70 brokers nationwide, publish a newsletter regularly with featured timeshare properties for sale and maintain a vast network of referrals – all designed to maximize exposure of your timeshare for sale.
Selling a timeshare in today’s market is not as easy as a lot of people would want you to believe and since a timeshare interval represents a real estate interest, it is important for you to have a licensed real estate professional handle the transaction for you. Hawaii, for instance, requires that anyone involved in the sale of real estate must be licensed.
Let’s take a look at some of the most frequently asked questions about “how to sell a timeshare”:
Do I need to get an appraisal of my timeshare prior to selling it? No, but while an appraisal is not required, this question is directly linked to the first question above – “do you know what your timeshare is worth on today’s market?” A licensed timeshare resale broker can assist you in the selling of a timeshare by showing you comparable sales in order to reach a reasonable asking price for your timeshare interval.
How long will it take to sell a timeshare? The time it takes to sell a timeshare depends on several factors: resort location and demand for that location, season of ownership, unit size, and amenities.
What happens to banked weeks when I sell a timeshare? When you deposited your weeks with the exchange company, your deposited weeks were removed from the resort and placed with your exchange company for your use. The banked weeks with the exchange company remain in your possession for your use, even after the sale has been completed.
Do I really need to use a real estate broker to sell a timeshare? You do not have to use a real estate broker to sell a timeshare.
Some of the benefits of using an experienced broker include:
An experienced broker will provide you with current market comparables, so that you will understand what the fair market pricing of your timeshare should be.
You may want to ask about what steps the broker will take to market your timeshare for sale.
You benefit from the peace of mind that the timeshare sale will be handled professionally and in full accordance with the timeshare laws of the State and the resort management company’s requirements. An agent spends many hours answering a buyer’s questions about your timeshare for sale, coordinating with the closing agent and acting on your behalf to ensure a smooth and timely completion of the sale.
An important point to take into consideration when you sell a timeshare, is that when you use the services of a licensed broker you are assured that escrow will be handled by a third party licensed and bonded escrow company, all the paperwork will be handled professionally and promptly and title searches will be complete.
In addition, Advantage Vacation always recommends getting title insurance which is also done thru escrow.
Can I sell a timeshare if I have a loan on it? Yes, you can sell a timeshare if you have a loan on it. However, if the loan is attached to the timeshare itself, the loan must be paid off prior to transferring the timeshare to the purchaser. Most timeshare loans are not assumable.
How long does the escrow/transfer process take? Typically, you should plan on the transfer process taking 45-90 days to complete, although some can be completed in less than 45 days.
Can I sell a timeshare without my timeshare deed? Yes, the escrow company should be able to obtain a copy of your deed from the county in which your deed was recorded.
My resort has a Right of First Refusal policy – what does that mean?
Simply put – the resort reserves the right to purchase the timeshare interval under the same terms and conditions which the buyer and seller have agreed, or it will waive its right of first refusal, thereby allowing the buyer and seller to continue consummating their transaction.
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in and that they will be with you every step of the way – before, during and after the sale is completed.
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