Post reply

Re: Completing a sale Transaction (by R P.):

The first timeshare we bought was from the developer (gold crown, very popular resort). When we were ready to sell it we took a loss as is the case in 99.9 percent of developer bought timeshares. In the timeshare resale marketplace it's common to get a return of only 1/4 +- of what you paid the developer

The other timeshare weeks we bought were resale weeks. When we were ready to sell those we priced the weeks at what we paid resale, which were bargain prices. We sold all of our resale bought weeks with no problems.

When you sell your timeshare week, I would recommend using a closing service such as Redweek's American Title or www.timesharetransfer.com to handle the closing and provide escrow service (holding monies until the transaction is complete).

The buyer normally pays for closing, but it can be a bargaining tool if you really want to sell your timeshare badly enough.

jv22 wrote:

Has anyone SOLD their timeshare via Redweek? If yes, what was the process, how was the closing handled, did you get close to market price/what you paid for it originally, etc? Thanks.