Choosing a Timeshare Resale Broker
Buying or selling timeshare is a big investment, and you want to be sure you are getting the right deal. The best way to do this is by dealing with a licensed timeshare resale broker. These professionals specialize in timeshare resales, and they know the ins and outs of the industry. They can ensure you have a safe transaction, and they will do everything they can to sell your property.
If you're considering selling your timeshare, you should investigate every company you're dealing with. Most timeshare resale companies are "full service" companies, meaning they will do everything from negotiating the price to handling the closing. You may also want to look into the broker's credentials. You should check to see if he or she is a member of the American Resort Development Association (ARDA). A member of this organization must follow a strict code of ethics, and you should only deal with them. Get more info on the excellent timeshare resale broker solutions.
You should never pay a fee upfront. If a company is offering a "guaranteed sale", it's probably a scam. Instead, you should find a resale broker with a proven track record of assisting sellers. The longer the broker has been in business, the better. You can also use referrals as a way to find a good broker.
If you decide to work with a resale broker, you should ask to see their commission. Some companies will charge a percentage of the sale, and this must be discussed with the seller when the listing price is set. You should also be aware that there are certain fees that are not included in the commission. For example, there are transfer fees. You will also have to pay the Internal Revenue Service a withholding tax on the sale. In addition, you will need to place your funds in escrow. The amount can vary by broker, but you should expect to be on the hook for these costs at closing. For the quality timeshare broker services, visit here: https://www.atimeshare.com/brand/disney/.
Some of the more legitimate timeshare resale companies are members of the American Resort Development Association. These organizations take their reputations very seriously, and they have a very strict code of ethics. They must disclose their terms of service, and they must offer a rescission period.
Another good place to research a resale broker is the BBB. The BBB provides consumer protection information, including how to avoid scams. You should also make sure the agent has a license. This is important, since many of these companies are run by individuals with little or no knowledge of the real estate market. In fact, some of them work with call-center sales-forces. This could mean that they have little to no knowledge of the timeshare industry. You should look for a timeshare resale broker who has a long history in the industry.
It's also a good idea to get a professional analysis of the value of your timeshare. Some developers have been known to over-quote the value of a timeshare interest. The resale secondary market provides a lot of research, and there are several States in the U.S. that are working on timeshare consumer protection legislation. For more details about this subject, click here: https://en.wikipedia.org/wiki/Estate_agent.