Information about selling?

[twesley]

I am thinking about selling. Can anyone give advice as to how to do so?

Tom

 

[SleepyatDVC]

I would try to sell it myself first. You would basically save on the broker's commission.

Place an ad in the classifieds at www.tug2.net - I think you get it free with paid membership of $15/year?

There also a ton of free timeshare classified listings. Do a search.

I think a lot of people would be willing to buy from you directly in the hopes that your sales price would reflect some of your commission savings. I think that you will receive numerous e-mail inquiries.

Use a timeshare closing service to handle the actual sales transfer transaction. They can also provide you with a sample sales agreement that you and the buyer can modify to suit your needs.

If time is of the essence, you want someone else to handle everything, or you were unsuccessful in selling it yourself, you can use one the many timeshare brokers to handle the sale for you.

I'm sure someone here can provide you with the major ones with plenty of exposure. Not sure what the commission is but I think there is a minimum of $1000? Someone else who know more can fill you in here. But under no circumstances should you pay the broker ANY money or fees up front - ALWAYS pay all fees or commissions after the sale.

Good luck.

 

[mikesmom]

I don't know much about do-it-yourself, but I do know that we did buy a resale and the commission was NOT a minimum of $1000. It depends on the final sale, but I believe it was a few hundred dollars. For that it got marketed, closed, run through ROFR and all paperwork and closing. For that money, my time is more valuable than messing around with something I know nothing about. Just my opinion.

 

[CRobin]

Originally posted by mikesmom
I don't know much about do-it-yourself, but I do know that we did buy a resale and the commission was NOT a minimum of $1000. It depends on the final sale, but I believe it was a few hundred dollars. For that it got marketed, closed, run through ROFR and all paperwork and closing. For that money, my time is more valuable than messing around with something I know nothing about. Just my opinion.

That is true, but the OP is talking about selling, not buying. Generally, the seller pays the broker's commision, which can run $1000 plus. The buyer usually just pays the closing costs, which are from $400 - $500.