Timeshare Seller FAQs
If you are ready to sell your timeshare the last thing you need is a long, stressful process. Good news, we have simplified the process for you! Reading through these frequently asked questions will illustrate how easy it is to sell timeshare when you are working with a smart and reliable timeshare resale company like International Property Resales. We have many skills and tools at our disposal to help you sell quickly. So don't wait any longer; we're ready when you are!
Am I Required to use a Real Estate Broker to Sell My Timeshare?
No, a timeshare is not a traditional piece of real estate, thus brokerage is optional. Generally, there is no need to pay a real estate broker between 20% to 40% commission for something you can do easily yourself. International Property Resalescan help you sell the timeshare yourself and offer professional guidance through the whole process. Broker Assistance is available, however, through timesharehotdeal.com. Broker assistance is helpful for those who want as little as possible to do with the process of finding a buyer and settling on a sale price.
Do I need an Appraisal to Sell My Timeshare?
No, your timeshare property was not "appraised" when you purchased it and does not need to be appraised to sell it.
Do I Need a Lawyer to Handle the Closing?
International Property Resales recommends a licensed and bonded title company like TimeshareTransfer.com. This company executes the entire closing procedure, which includes deed preparation, escrow of funds, timeshare estoppel certificate, closing statements and recording fees all for one low flat rate. Any work done to the title is reviewed by an attorney and guaranteed to be precise.
If I still have financing on my timeshare can I sell it?
Absolutely! The only stipulation is the pay off balance needs to be cleared before the property can change hands. For instance, say you still owe $8,000 on your timeshare, you will need to have that paid off before the deed can change hands.
How long does it take to Sell My Timeshare?
It is difficult to determine an average length of time that it will take property to sell. There are many factors that influence the process; the more important of which are: location, resort quality, flexibility, season and price.
What does Right of First Refusal (ROFR) mean?
When a seller and buyer come to a purchase agreement the resort at which the property is located has the first right to purchase the property for the agreed terms. If the resort enforces their right they will buy back the timeshare. If they waive their ROFR then you can proceed with the buyer.
Can I close my Timeshare if I lost my Deed?
Yes! The closing company can contact the county courthouse and recover the deed. The fee for this is usually around US $25.
How long does it take to close a Timeshare?
You can anticipate the closing to take between 6 to 10 weeks to complete the process.
What happens to my Banked Time if I Sell?
Once you deposit your week with the affiliated exchange company, the week is no longer affiliated with the resort. So the sale of the resort doesn't affect banked weeks. The banked time can be used or included with the sale if you wish.