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how much does broker take for HGVC sale?

Discussion in 'Buying, Selling, Renting' started by ksatay20@student.scad.edu, May 16, 2011.

  1. ksatay20@student.scad.edu

    ksatay20@student.scad.edu Guest

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    I have an HGVC Hilton Timeshare. If I were to sell, and use a broker, what is the commission I can expect to pay the broker? Is it a percentage or flat fee? Any personal experiences to relate? I'm in the dark about this. thanks
     
  2. DeniseM

    DeniseM Moderator

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    Brokers usually charge a minimum of $1,000 and up, based on the selling price. Did you buy from the developer? (From the resort?) If so, expect to take a large loss - like 50% or more.
     
  3. Talent312

    Talent312 Tug Review Crew: Rookie TUG Member

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    Last edited: May 16, 2011
  4. sjuhawk_jd

    sjuhawk_jd TUG Member

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    Also, in case you are using your real email address as your handle on this board, it is not a good idea!!
     
  5. DeniseM

    DeniseM Moderator

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    OK, in another post you said you just bought a resale. Unless you got an amazing buy, you are unlikely to be able to sell it for a significant profit, if that's what you are thinking - especially after paying broker fees.
     
  6. ksatay20@student.scad.edu

    ksatay20@student.scad.edu Guest

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    I did just buy a resale and I have no intention of selling. I was just curious about the fee brokers charge after reading many posts about dishonest brokers so I thought I'd ask here. I plan to use my new timeshare for many years before selling. Just wanted to know . . .. . No posts actually talk about the cost of re-selling. Thanks!
     
  7. DeniseM

    DeniseM Moderator

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    We talk about the cost of reselling a lot actually, but there are many different ways to do it, besides using a broker. My guess is that most experienced Tuggers sell their timeshares themselves. The only required cost is preparing the new deed - and some people even do that themselves.

    Most of the scammers are not brokers at all - they are simple cold callers scheming for an upfront fee - with no intentions of selling your timeshare.

    There is nothing wrong with using a REPUTABLE broker - it will cost you more, but they can walk you through the process and make sure everything gets done. However, for most resales today, it's not feasible because resale prices are below minimum broker commission, which is about $1,000. For a high dollar timeshare, selling for thousands of dollars, using a top broker makes sense and may get you a higher resale price.
     

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