Questions for A Timeshare Resale Broker

In today’s economy, people are very cautious about purchasing goods and services. The timeshare resale market is an area where you want to be mindful of how your dollars are working for you .Many experts recommend these questions to ask a timeshare broker:

How long have you been in business?

The length of time a timeshare resale broker has been in business speaks volumes about the stability of their organization as well as the morality of the practices. Timeshare Resales USA has been open since the mid 1990’s. We are one of the oldest timeshare brokerages in the industry. We continue to assist both buyer and sellers in their timeshare needs.

How much have you sold?

A good marker of success can be established by the volume of sales that the company has under their belt yearly, quarterly, or since the inception of the company. It is a good idea to ask how much the company has sold in volume within a time frame.  Timeshare Resales USA has done millions of dollars in timeshare resales over the past 20 years of being in business.

What is your incentive to sell?

A timeshare resale broker should have a motivation, such as sales commission, to ensure there is an incentive to get your property sold. There needs to be an incentive for a sales agent to solicit potential buyers and offer your property to those looking to buy on the resale market. Timeshare Resales USA changes a commission of a percentage or flat rate at the time of closing. There are never any upfront fees for listings!  

Can you guarantee the sale of the property?

Asking a timeshare resales agent if the sale of your property can be guaranteed is a good way to determine if the sales agent you are working with has integrity. If the answer is “yes” to the guaranteed sale, then you should probably look for other representation. Timeshare Resales USA does not guarantee a specific time frame in which your property can sell, however, we do guarantee that we will work our hardest to get the property the proper expose for the quickest turnover possible.

Are you licensed to sell?

Timeshare Resale brokers must employee licensed real estate agents who are governed and bounded by regulations that ensure their sales techniques and processes take place within legal and ethical guidelines. By utilizing a timeshare resale broker who employees licensed agents, you have the rules and regulations dictated by a higher authority on your side. If a timeshare resale company does not have licensed agents, it is an advertising company, which is not permitted to negotiate on your behalf, nor do they have incentive to sell since they legally cannot charge you a commission. Timeshare Resales USA is a licensed real estate broker. All of our agents hold current real estate license, and obey all rules and regulated of the Florida Department of Real Estate.

Are you a timeshare resale specialist?

The timeshare resale business is a very unique specialty. A general real estate brokerage does not have the knowledge, tools , or coordination with the resorts to transfer you property in a timely manner. Make sure the broker you choose only sells timeshare property. Timeshare Resales USA strictly sells timeshare. We do not participate in any residential or commercial transactions.

If you are considering selling or buying a timeshare, getting answers to these questions will be a responsible course of action. By getting these important topics addressed, you will have the criteria available to make an informed decision about selecting a timeshare resale broker. 

Transferring Timeshare Ownership Escrow-Settlement

Purchasing or selling a timeshare is very much the same as purchasing or selling a home. If you have a recorded deed, and you sell your property, the ownership must be transferred and recorded again.

If you have a seller and a buyer who have come to an agreement on price, terms and fees, this must be put in writing to protect both parties. In some states the buyer and seller will use an “escrow company” to draw up the appropriate documents for signatures and make sure the money is disbursed properly. In some states this is called Settlement, which is usually done through the use of an attorney. The terminology and method may be different, but the outcome is the same, a transfer of ownership, which is properly executed and recorded.

There are two types of Timeshare ownership. The most common is deed, or fee simple. With this type of ownership, some choose to purchase a title insurance policy to guarantee free and clear title.

The other type of ownership is a Right to Use (RTU). You are actually purchasing the right to use specific property for a predetermined number of years, at which time the timeshare will revert back to the original owner, developer, or renew in your name.

The whole process of transferring ownership is really quite simple if you work with a reputable, experience brokerage like Timeshare Resales USA!