erinnm3 wrote:Has anyone had any success with Redweek's Full-Service Timeshare Resale option? How is this ANY different from the other scams out there? The simple fact is I want to sell my timeshare but I don't want to mess up during the paper work. Is selling my timeshare through Redweek idiot proof? Or should I go though the Full Service option? The way I see it, it's already going to cost me $660 to sell my timeshare as is. Is the extra money really worth it?
I don't know anything at all about the "full service resale option" to which you make reference, but I have certainly sold a number of timeshares on my own without ever even considering it (...or ever considering PAYING for it). Following are my own recommendations:
1. Advertise on RedWeek and on MyResort Network.com. Yes, each ad will cost you about $60, but the ad will be in place for many months (a full year on RedWeek). Make sure that your asking price is both realistic and competitive with any comparable weeks that you can find advertised ANYWHERE for your type week at your facility. Remember --- NO ONE CARES what YOU may have paid when YOU bought your timeshare. Buyers ONLY care about finding the best price out there in the resale market TODAY for that week.
2. If you want to "sweeten the deal" with a prospective interested buyer, you can even offer to pay the closing costs yourself as the seller. However, use ONLY a respected, long established, INDEPENDENT professional timeshare closing company to handle all of the details concerning deed preparation and recording, escrow of funds, later resort notification. These services will collectively cost you a minimum of $300. Some closing companies I have used (and would and will use again) are JRA Services, Timeshare Title, Inc., and PCS Holdings (all three are located in FL).
3. Find out in advance if your particular resort charges a "transfer fee" when an ownership change occurs. Maybe not, but maybe up to $300 or more (Celebrity a.k.a. Legacy charges $200, Wyndham charges $299, yet many smaller resorts charge no transfer fee at all). Decide in advance whether the buyer or seller will pay this fee (if any such fee applies). A "transfer fee" is, in my opinion, a nasty form of "legal larceny", charged by a resort (or resort "chain" company) just for conducting the 30 second exercise of changing owner name and address in the resort billing records. Nonetheless, larceny or not, if a "transfer fee" is imposed by the resort, then the fee is unavoidable.
In short summary, I don't know (and I frankly can't even imagine) what ANY so-called "full service timeshare resale option" can possibly do for you that you can't easily do for yourself --- every bit as well and likely at considerably lower cost too. Good luck.