sELLING MY TIMESHARE

One idea (that I got from TripAvisor) is to create a section of this redweek site for a list of timeshare service providers (trade co.'s, reseller help, escrow companies, marketers) with user comments. If it becomes a timeshare wall of shame, so be it. If the companies are upstanding, it will show. This way redweek visitors can easily find information on companies they routinely ask about.

Individually, (and this may not be allowed on specific websites) you may be able to do a little guerilla marketing by offering up your timeshare as a rental/option to purchase from people who may be looking for a review at a your specific resort. Tripadvisor comes to mind.

marieg22 wrote:

I am looking for an honest company to help with the paperwork now that someone is interested in buying our timeshare. Any suggestions?

To my knowledge, any title company in the area/state can handle the paperwork and their charges are usually on the low side. Look on the 'Net for Title Companies in whatever state, or go to the BBB or Chamber Commerce.

bryanw21 wrote:

One idea (that I got from TripAvisor) is to create a section of this redweek site for a list of timeshare service providers (trade co.'s, reseller help, escrow companies, marketers) with user comments. If it becomes a timeshare wall of shame, so be it. If the companies are upstanding, it will show. This way redweek visitors can easily find information on companies they routinely ask about.

Individually, (and this may not be allowed on specific websites) you may be able to do a little guerilla marketing by offering up your timeshare as a rental/option to purchase from people who may be looking for a review at a your specific resort. Tripadvisor comes to mind.

Hi Bryan,

Thank you for the feedback. Take a look under the "Forums" tab then "Timeshare Companies" and see if this is what you had in mind.

I've started noticing management of a few timeshares responding to issues on the individual timeshare forums so hopefully this will help the owners be heard.

Suggestions for our forums are always appreciated and please post those under General Discussion.

Thanks so much, Marty

Who usually pays all closing and escrow costs after the sale? - The Seller or the Buyer.

If I am ready to attempt to sell my timeshare on redweek am I correct that I just have to post it, wait for an interested buyer and THEN contact the closing company through redweek OR contact a private lawyer who would do the closing. I am ready to do this but just feel a little insecure. Thanks

christines79 wrote:

Who usually pays all closing and escrow costs after the sale? - The Seller or the Buyer.

If I am ready to attempt to sell my timeshare on redweek am I correct that I just have to post it, wait for an interested buyer and THEN contact the closing company through redweek OR contact a private lawyer who would do the closing. I am ready to do this but just feel a little insecure. Thanks

It's OK to be nervous. However, it looks like you plan to hire serious professionals to do the heavy lifting. What you are paying for is for them to be nervous, so you can relax. It's kind of like hiring a surgeon. If you get a good one, you pay him to worry while you just sleep through the whole thing.

I am not you, but if I were you, I would go ahead and check out those companies now. Read up on them, call and chat them up, and find out just exactly what they do and don't do, and any recommendations they'd have about which kind of company to hire.

In home sales, the closing costs are usually paid by the buyer, since they are the handmaiden of greedy lenders. However, in a buyer's market, an owner may offer to pay the closing costs if it will attract a buyer. As a buyer, I don't want property taxes figured on closing costs, so any freebees should come right off the price, which sets the tax.

For example, the seller pays $200 closing costs for a $2000 sale. The property tax is figured on the $2000, not on the $1800 the buyer really paid. As seller, this is a pont you might want to make to your buyer, depending on the price and the closing costs.

C.

p.s. I think you're cool, jayjay.

christines79 wrote:

Who usually pays all closing and escrow costs after the sale? - The Seller or the Buyer.

If I am ready to attempt to sell my timeshare on redweek am I correct that I just have to post it, wait for an interested buyer and THEN contact the closing company through redweek OR contact a private lawyer who would do the closing. I am ready to do this but just feel a little insecure. Thanks

Hi Christine,

Check out the link on RedWeek.com on the steps to take in selling your timeshare http://www.redweek.com/help/sale_process/owner

In step 7, there are instructions about a resale escrow company. You are free to use any escrow company you are comfortable with. It's money well spent to relieve the worry for both you and the buyer.

Thanks, Marty

Christine, normally the buyer pays the closing cost, but that can be negotiated between buyer and seller.

Of the resale timeshares we bought, we paid the closing. Of the timeshares we sold, the buyer paid the closing.

Could you go over the steps for me. I did down loaded the proper form from county and they want $20.00 in California Orange county. After I file this form i understand that you need a bill of sale. What do you need to get notorized?

davidl34 wrote:

judy1197 wrote:

does anyone know a good closing company that won't charge too much if I sell my timeshare? I am trying to price my timeshare low enough to sell but a low closing price would also help.

when i purchased my time share in hollywood florida,i downloaded the proper forms from the internet filled in what was needed, signed & notorized signature on bill of sale, let my attorney look it over ,sent in the proper fees which is stated on form. i beleive $26.00,that was it. received the deed- i owned it. i believe its the same to sell

Hello, could you tell me how to get intouch with JRA charging $250 is worth taking a chance. I am trying to sell my timeshare.

I recommed you TimeshareTransfer,bellow are their details: TIMESHARE TRANSFER Inc. 1850 43rd Avenue, Suite C-2 Vero Beach, FL 32960 – Toll Free: 877-414-9083 Toll Free FAX: 877-849-0657 Contact: Tia BEINHOWER- tia@timesharetransfer.com www.timesharetransfer.com Regards, Mirta Lupo

mirta wrote:

I recommed you TimeshareTransfer,bellow are their details: TIMESHARE TRANSFER Inc. 1850 43rd Avenue, Suite C-2 Vero Beach, FL 32960 – Toll Free: 877-414-9083 Toll Free FAX: 877-849-0657 Contact: Tia BEINHOWER- tia@timesharetransfer.com www.timesharetransfer.com Regards, Mirta Lupo

suzettel4 wrote:

mirta wrote:

I recommed you TimeshareTransfer,bellow are their details: TIMESHARE TRANSFER Inc. 1850 43rd Avenue, Suite C-2 Vero Beach, FL 32960 – Toll Free: 877-414-9083 Toll Free FAX: 877-849-0657 Contact: Tia BEINHOWER- tia@timesharetransfer.com www.timesharetransfer.com Regards, Mirta Lupo

I am wondering if anyone could give me some encouragement on selling me timeshares. I have had them listed with Redweek for a year now and only had a few inquiries but no offers. Should I just be patient or do I need to rethink my strategy?? Thanks Suzette

My advice? Check out ebay and see what similar timeshare properties are selling for at auction vs. fixed prices on Redweek.

Lower your price and see what happens and keep lowering it until you start getting some interest. There's a glut of timeshares for sale, so you have to price yours competitively in today's market. It's definitely a buyer's market.

suzettel4 wrote:

I am wondering if anyone could give me some encouragement on selling me timeshares. I have had them listed with Redweek for a year now and only had a few inquiries but no offers. Should I just be patient or do I need to rethink my strategy?? Thanks Suzette

Hi - Just registered so be patient with me. Has anyone heard of etoo? they are based in Gibralter and reckon they can sell my timeshare in Playa del sol Grand , Mexico - BUT they want £850.00 to sell it. They say they already have a corporate buyer sand the buyer has offered at good price. Info please on this Company if you have had dealings GOOD or BAD - regards Sue

Have had no dealings with that company, but beware of upfront fee resale companies.

It took me awhile but I've resigned myself to fact that I got burned by a stupid con artist who offered to sell my Wyndham timeshare.

I reported that company to the BBB in the hopes of getting my money back and also filed a dispute with my credit card company. I definitely plan to put my timeshare up for sale on this site when the time is right. Has anyone who got burned by these guys (and is willing to admit it here :P) complained to a BBB and gotten their money back?

Which company are you referring to? I have been searching through the BBB reports of fee-upfront companies, and their usual retort is that they don't guarantee the outcome.

norin wrote:

It took me awhile but I've resigned myself to fact that I got burned by a stupid con artist who offered to sell my Wyndham timeshare.

I reported that company to the BBB in the hopes of getting my money back and also filed a dispute with my credit card company. I definitely plan to put my timeshare up for sale on this site when the time is right. Has anyone who got burned by these guys (and is willing to admit it here :P) complained to a BBB and gotten their money back?

susano72 wrote:

Hi - Just registered so be patient with me. Has anyone heard of etoo? they are based in Gibralter and reckon they can sell my timeshare in Playa del sol Grand , Mexico - BUT they want £850.00 to sell it. They say they already have a corporate buyer sand the buyer has offered at good price. Info please on this Company if you have had dealings GOOD or BAD - regards Sue

This is almost certainly a scam. Lots of other "companies" have used the same tactics to extract an "upfront fee" from sellers. Some are serving serious prison time in Florida for doing so. Most just disappear, along with your money. I would never consider doing business with such a company in the United States. But in a foreign country--forget about it!!!!

Norin stated, in pertinent part(s):

>> I reported that company to the BBB in the hopes of getting my money back and also filed a dispute with my credit card company.<<

BBB can give a business a "bad rating", but they are otherwise absolutely powerless to recover your (or anyone else's) lost money. They simply have no horsepower or any legal authority to do so. You MIGHT have better luck with your credit card company, but if yours was a voluntary transaction the onus will be upon YOU to satisfactorily demonstate fraud, or that a service was contracted but never actually rendered. Do you HAVE a contract on which to base a non-performance claim?

You have not identified the company either by name or by location. To help others, it would be useful to do so. There are lots of scammers out there, and putting them openly into the spotlight by openly identifying them whenever and wherever possible might help unsuspecting others to avoid your current plight.

I sincerely wish you luck --- you may need LOTS of it.

christine asked, in pertinent part(s): Re: >> Who usually pays all closing and escrow costs after the sale? - The Seller or the Buyer. <<

Negotiable, but most often buyer responsibility.

Re: >> ... OR contact a private lawyer who would do the closing. <<

NO!!! Do NOT waste a DIME on a lawyer. Closing companies have their own in-house attorney who will prepare (and record) the new deed. Closing company will also handle the escrow of funds from the buyer, and they will ensure that the funds are "good" (most require a certified check). All you need to do is reach an agreed price with your future buyer and then step back and let an established closing company handle any and every other possible detail -- including ultimately sending you a valid proceeds check when all is said and done. I have no affiliation whatsoever with any closing company, but I personally would NEVER buy OR sell timeshare without using one. The fact that they buyer will have to pay the (usually about $300) closing cost fee right up front to the closing company also helps to reassure you that the buyer is both serious and solvent. I have a favorite closing company, but if I name it someone will likely pop-up and accuse me of being a "plant" (I'm not), so I'll instead simply say that you should utilize a well known, long established timeshare closing company of your own choice. Good luck.