Time Share Commission

TexasAggie

Mouseketeer
Joined
Sep 16, 1999
Messages
141
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?
 
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
 
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
 
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.
 

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



New Posts













New Posts





DIS Facebook DIS youtube DIS Instagram DIS Pinterest

Back
Top