Frequently Asked Questions for Sellers
View answers to the most frequently asked questions for timeshare sellers at Just4Timeshares.com. Whether you’re a first-timer or an experienced reseller, researching your options before you sell is highly recommended. Our timeshare seller FAQ will tell you everything you need to know about advertising, pricing, closing, and more. See below to get started.
Have additional questions? Our knowledgeable customer service team is available to answer any other timeshare sales questions that you may have. To ask questions about selling a timeshare, please call us at 844-202-3508.
Timeshare Seller FAQ
Do I need to resell timeshare through my resort?
No, you do not have to sell your timeshare through the resort. While many owners first turn to their resort when they wish to sell, most resorts do not have a timeshare resale program. Often, an owner will find that if the resort offers a resale program, there is usually a long waitlist before it can even be offered for sale. Most sellers choose to use the timeshare resale site Just4Timeshares.com, where they can receive global exposure for their ownership.
How much can I sell my timeshare for?
There are many factors to consider when pricing a timeshare resale. You may take into account ownership details such as: the brand, location, season, week number, and unit size. Pricing your timeshare resale competitively may also help to move your timeshare more quickly. If you want to find out what your timeshare is worth, we can help. Just head over to our Market Survey, and one of our specialists will take a look at your unit to help you determine its value.
If you originally purchased your timeshare directly from the developer, you may not be able to resell your timeshare for the same price. Most developers mark up the cost of a timeshare to cover sales fees such as commissions, gifts, and “free” presentations. These mark-ups can sometimes be compared to buying a new car— once you drive it off the lot the resale value drops.
If you have further questions about pricing a timeshare resale, feel free to consult our team of experts at 844-202-3508.
Do I need a timeshare appraisal?
No, a timeshare appraisal is not necessary to resell your timeshare. In fact, if a timeshare resale company asks you to pay an extra fee to have your ownership appraised, this should raise a red flag. Only a dishonest company would require that you to pay for a timeshare appraisal for a timeshare resale. After all, you didn’t pay to have your timeshare appraised when you bought it, right? If you did, it is likely that you paid an unnecessary extra fee.
Can I sell a timeshare with a mortgage?
Yes, you can resell a timeshare with an existing mortgage. It is actually quite common for owners to resell timeshare with financing attached. However, the original mortgage must be paid off with the resort before it can be transferred to the new owner. Typically the mortgage amount is added to the sale price. This way the seller does not have to pay for the remaining mortgage.
What is the Right of First Refusal?
The Right of First Refusal is a clause included in most timeshare contracts. This clause states that during a timeshare sale, the resort has the option to purchase the timeshare back from the seller at the exact sales price offered by the buyer. While it is uncommon for the resort to actually make a purchase, it is a term that must be satisfied during the timeshare closing process .
Can I keep my banked weeks if I sell my timeshare?
If you have points banked with a timeshare exchange company, such as RCI or Interval International, you can usually keep those points as long as you continue to pay for your exchange membership. If you discontinue your timeshare exchange membership when you sell your timeshare, then you will likely lose those points. It is a good idea to contact your exchange company to learn when your membership expires and what their renewal policy looks like.
Can I sell timeshare with a real estate agent?
While you can sell timeshare through a traditional agent, most real estate agents are not familiar with timeshare resales. Selling timeshare is much different from selling a house, and therefore requires a different technique. If you prefer to work with a licensed broker, we recommend using an experienced timeshare broker. Not only will a timeshare broker provide the experience and knowledge of a timeshare expert, but they will use their industry connections to market your timeshare to the right buyers.
Do I need a lawyer for a timeshare closing?
No. When you sell timeshare with Just4Timeshares.com, you will not need an attorney. We work with a licensed, bonded, underwritten, and insured full service title company. They have over a decade of experience transferring timeshares and will take care of everything. Due to our longstanding partnership, they also charge low rates to our customers. The cost of closing is typically paid for by the buyer, but some seller will cover the cost as an added incentive.
How long does it take to sell a timeshare?
There is no way to predict when or how quickly your timeshare will sell. Certain ownership factors such as resort, location, usage, and season will influence your resale, as well as market demand and conditions. Pricing your timeshare competitively may help your timeshare to move on the market, but it still cannot predict when it will sell.
How is a timeshare transferred to the new owner?
After signing the necessary paperwork with the buyer, the title company will handle all aspects of your transfer, including preparing and sending documents, recording and transferring the deed, releasing escrow funds, and more.
If you have more questions about selling your timeshare, please call us at 844-202-3508 to talk to one of our timeshare specialists.
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