Timeshare Seller FAQs

When selling your timeshare, the last thing you want is a long, stressful process. Great news! It doesn't have to be stressful. We have put together these frequently asked questions to show you just how easy it is to sell timeshares through a smart and reliable online timeshare resale company like Sell My Timeshare Now.

Am I Required to use an Estate Agent to Sell My Timeshare?

No, a timeshare is not a traditional property, thus employing an estate agent is optional. In most cases, there is no need to pay an Estate Agent between 20% to 40% commission, as reselling timeshare is a simple process that anyone can do. SellmytimeshareNOW can assist you in selling timeshares yourself by providing professional assistance each step of the way. Assistance from a qualified Estate Agent is helpful for those who want as little as possible to do with the process of finding a buyer and settling on a sale price. We are able to offer these professional agent services through TimeshareHotDeal.com.

Do I need an Appraisal to Sell My Timeshare?

Because timeshare is not a traditional property, traditional property practices such as appraisal do not apply. No appraisal was performed when you originally purchased the timeshare, and none is required to resell your timeshares.

Do I Need a Solicitor to Handle the Closing?

For closings, SellMyTimeshareNOW recommends Chicago Title. They are licensed and bonded, performing all aspects of the closing procedure. Any work done to the title during the transfer from buyer to seller is reviewed by a solicitor during this process to ensure your timeshare is safely and correctly transferred to the new owner.

If I still have financing on my timeshare can I sell it?

Yes! Financing is not a barrier to the resale of your property. However, the balance must be cleared before the property can be closed and officially transferred to the new owners. For instance, if you still owe £8,000 on the financing for your timeshare you will need to have that paid off before the deed can be transferred.

How long will it take to Sell My Timeshare?

Although there is an active market for holiday properties, particularly on the resale side where buyers can find greater options at lower costs, it is still difficult to determine an average length of time that it will take property to sell. Several elements influence a property's time on the market, the more important of which are: location, resort quality, flexibility, season and of course the price.

What does Right of First Refusal (ROFR) mean?

Certain resorts exercise what is know as "Right of First Refusal" when a buyer and seller at their properties have reached the purchase agreement stage in timeshare reselling. This gives that resort rights to purchase the property themselves for the terms agreed to in the purchase agreement between that buyer and seller. If the resort enforces this right, they will buy back the timeshare - meaning the owner of the timeshare is still able to sell, but the buyer is unfortunately out of the deal. If the resort decides to waive their ROFR then you can proceed to closing with the originally intended buyer.

Can I close my Timeshare if I lost my Deed?

You will need to retrieve your deed, or a copy. The costs involved depend on where your timeshare is located. With timeshares in the United States, for example, it is often possible for your closing company to find a copy of the deed online. Most resorts around the world have an Owner Relations department. They will be able to tell you where your deed was recorded. If they cannot help you, then they will transfer you to someone who can. We encourage timeshare owners to speak with their home resort first if they have any questions.

It is important to note that, in the majority of cases, buyers and sellers will use a licensed timeshare closing company. The closing company will retrieve all needed paperwork, including the deed or copy thereof, during the course of the transaction. Closing company fees are usually small and are typically paid by the buyer, though this is negotiable.

How long does it take to close a Timeshare?

Usually closing takes between 6 to 10 weeks to complete the process. Document processing at courthouses and resorts takes time, and requires originally signed documents which must be mailed.

What happens to my Banked Time if I sell my Timeshare?

Weeks deposited with the an exchange company are no longer affiliated with the resort; so the sale of the property itself doesn't affect banked weeks. These banked weeks may be used by you or included with the sale of the property to attract interest.