Time Share Commission

[TexasAggie]

We have a time share on the big island of Hawaii that we are interested in selling. The agent wants 20% commission or $2,000
whichever is greater plus 4.166% Hawaii gross excise tax on the commission amount. Does this sound reasonable? What have others paid?

[kem330]

My understanding is the average commision paid on DVC resales is $1000- $1500 for a purchase price between $10,000 and $15,000. So roughly 10-15%. 20% seems high

[spruce]

My Mom has 7 timeshare weeks in Cocoa beach. If she were to want to sell and let the developer/mgmt company sell any week for her, they keep 25%.....spruce

[Dean]

That seems high to me. I've talked to a lot of sellers over the years though more from a buying standpoint than selling. My impression is that the standard is $1500 or 10% whichever is higher. I've heard lower numbers but I've only heard higher when the resort system is selling for you. If it's a broker, I'd look elsewhere. If it's the resort, they might get a higher price and justify the higher commision. DO NOT PAY ANY COMPANY AN UPFRONT FEE NO MATTER HOW CONVINCING THEY ARE. They'll even tell you they have a buyer for a great price for you, maybe even give you the buyers name. All you have to do is sent in $399 or so, of course, you never hear from them again or at least not in a meaningful way.

I'd look to posting in on TUG and the various other place you can do it for free or almost so. TUG is $10 for 3 months but if you join, you get one free add a year and the membership is only $15 anyway.

Regardless, prepare them for a shock at what they can get compared to what they paid or what they might be selling for new. I don't know Big Island prices very well but would assume $5000 is high for most 2 BR units there. I assume the other fee is charged by HI if you sell. The problem is I don't know if you'll have to pay that if you sell from outside, go to TUG and ask about all of your questions. Just don't go in a post like "I have X resort to sell at X price" type of thing, that's an add and shouldn't be on the BBS, t belongs in the classifieds. Good Luck.

[doubletrouble_vb]

If I were you I'd call the sponsor of this message board (the timeshare store) and ask what they charge.