If you’re looking to end your timeshare ownership, selling your timeshare is one option available to you. One of the ways you can sell your timeshare is with the help of a real estate agent who specializes in timeshare sales. A licensed real estate agent will be able to help you with your timeshare resale during all stages of the process.
Here is a brief outline of the timeshare resale process when working with a licensed realtor:
Check with Your Timeshare Company First:
- Right of First Refusal: Some timeshare companies have a Right of First Refusal, which means they may have the right to buy your timeshare back before you offer it for sale to anyone else. This is often the easiest and cheapest way to sell your timeshare, so check with your timeshare company before you engage with a realtor.
Finding A Qualified Real Estate Agent:
- Make sure your realtor specializes in timeshare sales. Timeshare sales have nuances that an expert can help guide you on.
- Do your research: Verify your realtor’s credentials, experience, and timeshare expertise. Look at their social media profile, website, and other online information to make sure they are the right fit for you.
- Avoid upfront fees: Most licensed realtors will not charge any upfront fees to list your timeshare for sale. If a realtor asks for upfront fees that is a red flag.
How to Prepare for Listing Your Timeshare with a Realtor:
- Gather necessary documentation: Before you can list your timeshare, you will need the original purchase agreement, proof of ownership, financing agreement, records of timeshare maintenance fees, and more. Your realtor will be able to provide you with a list of what you need and help you get any documents you are missing, or you can visit ResponsbileExit.com for a detailed checklist.
- Set your price: Your realtor can help you determine the right price by researching the fair market value of the timeshare and comparing it to similar listings.
- No secrets: Make sure your realtor and any potential buyer know everything about your timeshare. Full transparency about fees, restrictions, and any other information can help you avoid losing out on a sale.
The Sales Process:
- Negotiate the best deal: Remember, you are in control. You get to decide what deal you are willing to accept, how your closing costs are allocated between you and a buyer, etc. If you are not in a rush to sell your timeshare you can wait until you get the deal you want.
- Closing on your timeshare: Once you accept an offer your realtor will guide you through the closing process.
Our advice:
If you decide to sell your timeshare with a realtor, make sure you are enlisting the help of a qualified agent who is right for your situation. The right relator will make the process as smooth and efficient as possible.