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| Seller's FAQs |
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| Frequently Asked Questions |
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Why is there a service charge prior to the rental or sale of my timeshare? |
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Timeshare properties require unique selling,marketing, and advertising techniques when compared to traditional real estate. Real estate broker services and traditional real estate methods have proven ineffective in the timeshare market. THL does not operate as a real estate broker. Florida law prohibits any individual or company not operating as a real estate broker to collect a commission or finder's fee for a timeshare transaction. Due to the difficulty timeshare owner's experience when trying to rent or sell their timeshare interests, THL has designed an extensive advertising and marketing service to efficiently get the job done. Advertising and marketing services require payment at the time the service is rendered. There are no finder's fees or commissions when you are linked with a buyer or renter, thus minimizing expenses for the timeshare seller and purchaser. |
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Is my Contact Information kept private? |
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Yes. We take our customers privacy very seriously. To maintain the highest level of privacy, we do not publish any individual contact information on our website. |
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How will an interested person contact me? |
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It’s simple. An interested renter or buyer will call us or click on your ad and fill out their contact and offer information. We forward that information to you so you can contact them directly and maintain control over the entire process. |
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When someone contacts me to rent, what should I do to complete the rental? |
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Make sure your week is available and follow the resorts policy on renting your unit. Once you come to a price agreement with the interested renter, have them sign a rental agreement. We recommend collecting a portion of the rental amount up front to ensure the renter does not back out on the deal. Maintain good communication with your renter and notify the resort of their information to ensure an easy check-in for your renter. Remember, renters may become buyers so keep in contact with them and follow-up with how their stay was. |
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When someone contacts me to buy, what should I do to complete the sale? |
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Have all the information regarding your timeshare ready. If they have an offer, seriously consider it and agree on a price. Once this is done, we suggest that you complete a contract in writing with the interested party. You may also request an earnest money deposit to make sure they are committed to purchasing (this deposit should be held in escrow with the closing company). Find out how they intend to pay (cash sale or financed). If they don’t already have a lender, you may want to suggest for them to contact Pinnacle Financing. Forward the contract to The Closing Company so they can complete the transaction for you. The Closing company will assist in collecting the funds, assigning the correct fees, recording the necessary documents, and the transfer of the deed or membership. |
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When do I receive the proceeds from the timeshare sale? |
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You should receive the proceeds from the timeshare sale at the same time the property is funded and the deed has been transferred.
Each transaction is different depending on the type of ownership being transferred, the type of financing, and the resort. The closing company will assist you with all the details relating to your specific transaction. |
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Can I make changes to my listing(s)? |
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Yes. You can make changes to your listing(s) at any time by contacting our customer service department. You may call us or e-mail us your changes. Please notify us when you sell or rent your unit so we can update our inventory. If you would like to update your contact information or adjust your pricing, our customer service team will assist you in making those changes.
Visit our helpful Toolbox where you will find important checklists, sample rental forms, and sample contract forms to assist you with completing rentals and sales.
Selling Tips:
Have the right expectations:
Many factors influence the resale price including season, location, unit size and age. Our agents will inform you of the typical sale or rental price of similar units currently on the market to help you determine your price.
To have the best chances of success remember that you are selling a luxury vacation property; be patient and be flexible in price.
When you sell your timeshare, be sure to notify both your resort and your exchange company in writing. Also, contact Timeshare Hot List with the sale information so we can update our records. |
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