When you buy from a private party you have no way of knowing if the previous owners have put it up forcollateral, have a lien against it, or owe back dues or taxes. You could be liable for heavy duty fees that you know nothing about! When you buy from a private party you have no way of knowing if the previous owners put it up for collateral on a loan or it could have a lien against it. Even though they are the best people in the world, they might not know either. Or, did they use a quit-claim deedand give it to someone else? Have they paid all the annual maintenance fees and taxes? If not, you may be liable for heavy-duty past-due bills if you buy it from them.
Q: How do I know that I am buying a RESALE Timeshare that is free and clear of all liens?
A: This is why it is important to buy your timeshare from an established company like Timeshare RESALE Alliance,and why we use a professional escrow company that gives you a Title Policy guaranteeing that the deeded propertyyou receive is free and clear. The same checks are made on Right to Use or Club Membership types of property as well.
Q: Will I get the same benefits the resort offers to those who buy directly from them?
Q: How do I know which RESALE Timeshare Resort is the best one for me?
How about a weeklong romantic rendezvous for you and your Special One in Paris one year, and on a Caribbeanbeach the next? Then you want to buy a top-trading, high-demand California coastal resort at a dramatically reducedprice from what you would pay if you bought directly from the resort---and then trade it for anywhere in the world you want to go.
A: This is the easy part---we do all the work for you and lead you through the process step by step.
A: NO! NEVER, EVER PAY AN UPFRONT FEE! We have Sellers who, after paying even $800 - $1,500 in upfrontfees that never resulted in a sale of their timeshares, come to us and we sell their timeshares for them and NEVER charge them an upfront fee.
A: 1. Because we spend thousands of dollars monthly to market YOUR listing.
2. Because our sales agents are more than salespeople. They are experts in the specialized field of timeshare resale. They know YOUR listing is in our inventory and present it to buyers who are interested in Californiaresorts. Even if a buyer wants a resort in another state, weshow them why YOUR resort may be better for them. Our licensed agents know all the strategies for getting the most from timeshare travel and act as Timeshare TravelConsultants to help your buyer understand all the reasons why they should buy YOUR timeshare.
4. Because we use a professional escrow company that handles all the money and delivers a Title Policy on alldeeded transactions so the it can never come back to bite you.
We do not set the prices; Sellers set the prices. There are many reasons for selling a timeshare: death of a spouse, divorce, illness, and financial setbacks. Some Sellers justwant to give it away and place a very low price on it - theyare your competition. We research the prices in the resale market to help you determine a fair price.
A: Here is some background on how timeshare resale commissions work:
Because of this disparity in commission dollar amounts, the normal commission throughout the timeshare resaleindustry is 30% so that the resale company can get enough to advertise it, sell it and oversee the transaction for both the Buyer and the Seller and still stay in business. Occasionally a company will state a 20% commission but with a $1,500 minimum. That is still a 30% commission on a $5,000 resale.
In exchange for this, what we do for you is maintain numerous sales locations, advertise in newspapers, magazines, resorts, yellow pages and on our website. Inaddition, we have highly trained, experienced sales agents answering our 800 toll-free telephone lines to sell your timeshare to interested buyers who call us. When your unit sells, we prepare all the paperwork and open anescrow for the transaction. We then follow through on thedetails of the Escrow activity to make certain it closes in a timely fashion.
A: Because we spend so much money to advertise ourlistings, we take the usual industry-wide listing period of one year. Some timeshares sell very quickly. Others cantake 6 months to a year to sell depending how many are on the market.
Q: Can I sell my timeshare if it is not paid for (there is a loan balance)?
A: We cannot sell a timeshare if more money is owed on itthan what you would receive for it after closing costs and commissions are paid without you coming up with the cash difference (usually a bad idea). How much did you pay for it? How much do you owe?
One thing you can do, if your timeshare is not paid for, ispay down the loan so that what you owe on it is what you would receive for it when it sells. If you cannot do that, you can pay off the balance on a no/low interest creditcard. Or, if you qualify, we can help you get a home equity line of credit to pay it off - you can save a lot on theinterest and deduct from your taxes whatever interest youpay on it. Or, you can send cash for the amount needed to pay off your loan at close of escrow.
A: When we sell your timeshare, everything is handled for you by a professional escrow company, just like the ones used for buying and selling homes. We use well-known national title companies that have a fiduciary duty not only to you, but to your Buyer, as well. They efficiently prepare the legal documents for you and your Buyer to sign. They receive the money from the Buyer. They distribute any dues owed to the resort. They pay us our commission and they subtract any other closing costs. They then send you the balance - that is what they are legally required to do at the same time they send us our commission. We never handle your money.
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