So there you have it, Ten Tips for selling your timeshare. Besides, you get the picture. Use a licensed Real Estate Broker, like us, and things go smoothly. If you have other questions, just pick up the phone and call us or drop us an email.

What You Must Know Before Buying a Timeshare - CBS News

Our listing agreement can be accessed by clicking this link. It will fully explain our program. All trademarks are owned by the respective company. Call us at or About Timeshares and Island Consulting. Sarasota, FL Phone Fax E-mail: List of Timeshare Resorts. Would you give a real estate agent money before they sell your house?

Why do you think this is any different? Pay for results only. You get the property sold, they get paid. No excuses, no exceptions. Not exaggerating at all, we get easily 15 calls a day from folks who were scammed once, twice and sometimes even three times before they figured out it was all a con. They still own their timeshare, and someone else has their money.

Sad, but true; there are many companies out there who are in business for collecting upfront fees, not for selling your timeshare. One red flag is that they call you, not you calling them. These are usually boiler rooms set up with hundreds of phone lines designed to bring in as many suckers as possible.

CLICK HERE FOR LISTING AGREEMENT. By LAW, the only company who you can hire to sell your timeshare for you must be a licensed real estate brokerage. Every state in the U. This is true whether your timeshare is deeded or not, and whether your timeshare is in the U.

They can put an ad on the internet, among thousands of others, and wish you luck. But they deliver nothing. If a buyer calls them, they legally cannot answer questions about the timeshare on your behalf that becomes an agency relationship and requires a real estate license and agreement between agent and seller.

They cannot collect a deposit on your behalf that constitutes having an escrow account which is governed by law. Only a licensed Real Estate Brokerage, title agency or title attorney can provide escrow services. They cannot write a contract on your behalf. In other words, all they can do is give the caller your phone number!

And for this you paid an upfront fee! Become a buyer for a day!

Not really, but pretend. Before you hire the butchers block market woodstock ga company, give them a test run.

Call their office and ask for information about a listing on their web site pretend to be a buy shares in google plus followers, not a seller.

Or, ask for help in picking out the right one.

Interactive: Ask Laz: David Lazarus answers consumer questions - Data Desk - Los Angeles Times

Or simply email them about one of their listings. Put some questions together and see how they reply. This is how the buyer of your timeshare is going to be treated when they call in or email. Is the company working on your behalf? Are they responding questions to ask before buying a timeshare to calls or emails?

If not, why are you even considering them? CLICK HERE FOR OUR LISTING AGREEMENT How much commission does a realtor make in texas your price realistically. Right, for a long time to come! Timeshares are the same. Timeshares lose value, PERIOD.

You can get the true value a couple different ways.

One, you can talk to a broker and get an honest opinion. Reason is they know they have to give you the highest and best price they think they can sell the timeshare for.

They know if you list with someone else they have no chance of making a commission. Or, look at different web sites and questions to ask before buying a timeshare various prices for comparable prices. Here you have to look at the listings as if you were a buyer, not a seller. You have to realize that a buyer is going to spend hours on the internet shopping and comparing. Would I deal czarina forex ever commonwealth the company advertising the timeshare?

A web site with thousands of listings tells you something. It tells you that the company is probably charging upfront fees and selling nothing at all. Their money is made by upfront fees, not by sales of timeshares. Thus, the listings just continue to pile up. A good company will have a manageable inventory. These are all reasons it is so important to let a licensed real estate company handle this for you. Selling your timeshare on your own can be dangerous to your wallet.

Scams abound and certain individuals know the ins and outs of this stuff much better than you do. From fake escrow companies to corrupt contracts, you can easily find yourself having signed away your time share, owing money for it still, and having received nothing in return. There are so many ways you can be taken it would make your head spin.

Using a licensed brokerage will probably end up costing you less than selling it on your own.

A buyer will also want a broker involved in the transaction for protection of their money and rights. CLICK HERE FOR LISTING AGREEMENT Beware of fake guarantees. First, you have to understand that this type of company is hitting you for an upfront fee. Since the price is way above market value, no one is going to sell it including the company who took your money! By not using a licensed broker, you may end up owning that time share a second time! The law in most states dictates that a timeshare real estate contract must contain certain language and certain disclosures.

This is true no matter who sells the timeshare, even if you do it yourself. In Florida, in fact, the law even specifies that the font in certain parts of the contract must be different than the rest!

If your contract is not perfect, the buyer may opt to rescind the contract UP TO A YEAR LATER!. A buyer comes along and purchases your timeshare. They use it, then deposit two years ahead through RCI and take two more vacations that year.

Since the contract was not written according to the law, the contract is being declared void by the buyer. They demand an immediate return of all their money.

4 Questions to Ask Before Buying a Timeshare

In addition, you will need to reimburse them for the cost of their closing and maintenance fee, In addition, they may also ask for attorney fees if you give them any grief whatsoever. And, depending on the resort, you may owe those two maintenance fees for the banked future weeks the buyer used. This is why you have brokers out there.