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Selling Timeshare - How to Find a Reputable Resale Agent
Timeshare owners can experience a variety of emotional and financial hardships while trying to sell their timeshare. It can be a frustrating, confusing and overwhelming process, particularly when you are not sure how to proceed and whether or not you will recoup your investment. The key to selling your timeshare is to take control of the situation and not let it get the best of you.
When selling your timeshare, you can either go the DIY route or you can hire a professional broker to list and sell it on your behalf. View here to get tips for choosing the right broker for a successful outcome.
The best way to find a reliable resale agent is to do some research. Look for a company with a strong reputation in the resale market, extensive sales and marketing experience and a vast network of brokers who can help you reach potential buyers.
Licensed real estate agents are prohibited from taking upfront fees, so make sure that you deal with an agency that charges a fee after the sale is complete. Regardless of the agency you choose, be sure to obtain all terms, costs and conditions in writing from them as well as confirm their license status and complaint history with your state's Real Estate Commission before making any commitment.
If you're not sure how to find a reliable resale agency, contact the resort where you own your timeshare or check their website. The resort should have a helpful resale department that can answer your questions and direct you to a reputable agent. Check out this link; https://sellingtimeshares.net/ to learn more about timeshare.
You can also try calling the timeshare exit team (the people who pitch you to purchase a timeshare) in your area, as they can often times offer you a way to get out of your contract at a small fee. These exit teams are typically not regulated and are not overseen by the resort's management or mortgage holder, so you should be aware that they could potentially scam you out of money.
Be wary of any company that calls you with a "buyer" or offers you an "amazing price" for your timeshare, especially if it sounds too good to be true. This usually means that the company is trying to scam you out of money and a lot of time and effort.
These calls are generally made by a person who has a high-pressure, aggressive attitude, and you should be aware that they may not take "no" for an answer. They may even offer you free dinners, drinks or Las Vegas shows in order to make their pitch!
The first thing you should do is review your original timeshare agreement carefully. This will contain important information on the resort's ownership, maintenance fees, and transfer rights. You should also receive a physical copy of the deed from the developer.
It is also recommended that you review all of your yearly maintenance fees, incidental charges, and HOA fees to make sure that you are not paying extra or sneaky fees that you are not able to remove from your bill once you sell your timeshare. Check out this post for more details related to this article: