Q. If I buy a resale, do I get the same benefits as I would if I had purchased from the developer?
A. All deeds or certificates are the same. You are just buying a contract the developer sold to someone else. Occasionally, the developer will offer special programs outside the deed in order to entice you to buy from them and not a resale. These programs are sales tools and never close to the value presented and absolutely not worth the developer's price.
Q. Why are resales so much cheaper than buying from the resort?
A. The developer can get very high prices because the sales force has the buyer right in front of them and they provide easy financing with expert pressure applied.
Q. When I am ready to buy, shouldn't I buy from a company or someone with the best price for a comparative resale?
A. Not necessarily. There is a lot of misinformation out there concerning timeshare resales, especially on the internet. You have spent a lot of time and effort finding just the right timeshare for the right price. Make sure you are paying for what you think you are getting. Licensed brokers will assure you of that concern and they will have the transaction closed in a professional and timely manner. When using a firm without licensed brokers, you may think you are saving a few dollars, however, it may not be worth it in the end. Regardless of any closing costs or transfer fees, look at the total price and package.
Q. Are there any hidden fees?
A. Never! As a licensed broker, we will provide you all settlement and other documentation prior to closing.
Q. Are prices negotiable?
A. That is up to the seller.
Q. Does the seller owe anything in arrears or have any payoff?
A. Most do not, but if they do, all of that has to be taken care of, by the seller, prior to closing. The developer requires any arrears owed and any payoff, unless it is an assumption. An assumption can be a little cash way to buy a great resale.
Q. Will I get personal service and be kept informed as to the progress of my purchase?
A. ABSOLUTELY! We pride ourselves on SERVICE BEFORE, DURING AND AFTER the sale!
Q. Is it safe to buy on Ebay?
A. For the most part, yes. Although, due diligence is needed. There is a lot of misinformation on the internet and Ebay has it's share. When purchasing a Timeshare Ownership, you want to make sure you are getting what you pay for! Get everything in writing so that you may verify your purchase before any money exchanges hands. Buyers should be able to verify there is nothing owing on the account they are purchasing. This will allow the buyer to avoid any surprises once the purchase is complete. To avoid all of this, use a Licensed Real Estate Company, who will provide you all of the correct information in writing upfront.
Q. Should I consider buying from a non-licensed broker or individual?
A. In some cases, it may be perfectly alright. Although, there are no governing bodies such as a real estate commission, which requires funds to be placed in escrow. There also may be restitution through a real estate commission in case of a faulty transaction.
Sellers
Q. Will I get personal service and be kept informed as to the progress of my sell?
A. ABSOLUTELY! We pride ourselves on SERVICE BEFORE, DURING AND AFTER the sale!
Q. Can you guarantee the sale of my property?
A. No. There is no one that can guarantee that. If they do, take your business elsewhere. If they take a fee upfront with a refund if not sold, you should be wary.
Q. Do you provide any incentives to purchase through you?
A. No, just honest and straight-forward effort. We keep it simple and effective with extraordinary customer service. We are probably one of the few companies on the internet that you actually know who the owners are.
Q. Why should I go with you rather than a larger company?
A. It's simple. Sales to Listings Ratio. There are companies out there that take any and all listings regardless of market potential. Generally, it is the upfront fee type companies listing at ridiculous prices in order to get the fees. They have thousands of listings competing while the seller is paying maintenance fees and hoping for a sale, which eventually may come years down the road at real market prices. For a competent market anaylsis, call us for real information.
Q. Who sets the prices?
A. You do, with our guidance. We do not take overpriced properties.
Q. What is your incentive to sell?
A. Commission after the sale closes, unlike upfront fee companies that have no incentive to sell.
Q. You don't have an upfront listing fee, why not?
A. There are companies out there, especially on the internet, that charge from $400 to $2000 in upfront fees and will tell you anything. They will tell you a very high selling price in order to get your fee. Then, where is their incentive to sell your property? Very few of these upfront fee companies do actually make an effort to sell their inventory. We have an incentive, our commission once you get your money. WE RECOMMEND YOU NEVER PAY A LARGE UPFRONT FEE WITH A POSSIBLE REFUND POLICY TO SELL YOUR TIMESHARE, REGARDLESS OF WHAT YOU ARE TOLD BY AN UPFRONT FEE AGENCY.
Q. Have you heard of companies that want you to PAY THEM $3000 and up to take your timeshare?
A. Yes, beware. You may find out later that you still own it! This is especially true if the only instrument in the transaction of you giving them the money is a "Power of Attorney". This means you paid them and they will try to sell it or have someone sell it for them, so they will not have to pay maintenance fees. Be careful of these companies, commonly referred to as "postcard" companies because they mail out postcard invitations to their meetings, because they have the "solution". Their solution is to lighten your pocket. In a few rare situations, this may be the route to take as long as a deed change is produced and recorded.
Q. Should I list with the company that gives me the most net cash?
A.You should in most cases. Although, if there is a minor difference in the quotes it may be prudent to go with the company that you feel is telling you the truth and not just hyping it to get your listing, then bringing you low offers later. In the meantime, you are paying maintenance fees while waiting for a sale. Go with the company with experience to back up it's proposal. Length of time in the industry is a good indication of stability in handling properties. Some companies have good relationships with developers and some companies do not. Good relationships assist in smooth and quick closing.
Frequently Asked Questions 