Recommended Resale Brokers

[Carolinian]

Actually, you sometimes have the resources to check the whole market, and eBay sales are a tiny fraction of that for most areas.

On the Outer Banks, the local Land Transfer Tax office requires a sworn affidavit as to actual price paid, and they post those sale prices online. I have several times done analysis of the quantity of actual sales and average actual sale prices for several categories of weeks, and compared the current market volume with similar periods before the 2008 economic downturn. It is an eye opener to look at broad real data, and it makes you realize how inconsequential eBay is. I have several times posted those results on these boards.

This does not work many places in North Carolina, because the state tax stamps placed on deeds in most counties do not require sworn affidavits, and thus they will put any amount you want on them. I would have much less confidence in the accuracy of numbers under those procedures.

I tend to agree with swaits although one thing that is becoming apparent to me is that timeshare weeks do not have a well-defined value that is the same to all participants.

What I think is clear is that if weeks sell for a nominal sum on, say, eBay then it's really not plausible that they are "worth" a great deal more. There is going to be a range though - in such a fragmented market where it is hard to get comfortable with the market participants.

If it were possible to actually see the full range of prices achieved, that would be a very interesting set of data. I suppose the timeshare companies do have that information because all the trades have to be disclosed to them but they obviously would never make that public - it would be quite damaging to their primary sales business.

 

[Ron98GT]

- Deleted -

 

[gleiser1965]

Thanks for all the replies. However, I was expecting that, out of probably hundreds of members, I would get, at least, a couple of brokers' names from people who have sold a timeshare. Could it be that most people don't use brokers? Or, are people not happy with brokers? Or, when people sell their timeshare, they don't come back to TUG?

As someone recommended, I went to LTRBA and emailed a few brokers, but no answer yet. Aside from posting on ebay, TUG and Redweek, do you have any other tip? Thanks.

 

[DeniseM]

Thanks for all the replies. However, I was expecting that, out of probably hundreds of members, I would get, at least, a couple of brokers' names from people who have sold a timeshare. Could it be that most people don't use brokers? Or, are people not happy with brokers? Or, when people sell their timeshare, they don't come back to TUG?

As someone recommended, I went to LTRBA and emailed a few brokers, but no answer yet. Aside from posting on ebay, TUG and Redweek, do you have any other tip? Thanks.

This is the reason you haven't received any broker's names:

1. Most timeshares are not worth $1,000 on the resale market, and that is the approx. minimum commission for a reputable broker.

2. A reputable broker will not take on a timeshare with no resale value, because they know it will be difficult to sell.

3. Tuggers usually sell their timeshares themselves.

 

[Rent_Share]

Thanks for all the replies. However, I was expecting that, out of probably hundreds of members, I would get, at least, a couple of brokers' names from people who have sold a timeshare. Could it be that most people don't use brokers? Or, are people not happy with brokers? Or, when people sell their timeshare, they don't come back to TUG?

As someone recommended, I went to LTRBA and emailed a few brokers, but no answer yet. Aside from posting on ebay, TUG and Redweek, do you have any other tip? Thanks.

Have you come to terms with the fact that youR AND OUR timeshareS is ARE probably not worth enough to generate enough cash to pay a broker, so you will be writing a check for the broker to do something you can do yourself ?

 

[csxjohn]

Thanks for all the replies. However, I was expecting that, out of probably hundreds of members, I would get, at least, a couple of brokers' names from people who have sold a timeshare. Could it be that most people don't use brokers? Or, are people not happy with brokers? Or, when people sell their timeshare, they don't come back to TUG?

As someone recommended, I went to LTRBA and emailed a few brokers, but no answer yet. Aside from posting on ebay, TUG and Redweek, do you have any other tip? Thanks.

Don't feel bad about no answers from the brokers. They are getting very busy right now with MF bills getting mailed out.

I communicated with an agent who sells units for a resort I own and she said to email her and she'll give me some ideas. Two weeks now since I emailed her and no answer.

Putting your unit here on TUG is very easy. Post #2 in this thread lays it out for you. First check to see if anyone on Tug is advertising to buy what you own.
http://tug2.com/timesharemarketplac...ram=&Week=&Year=&Bedrooms=&Bathrooms=&Sleeps=

As long as you don't have a mortgage on you unit, try selling it here. Don't be afraid of the transfer process either. I just gave 2 units away and I have no special knowledge or skills in this matter.

 

[Ron98GT]

Thanks for all the replies. However, I was expecting that, out of probably hundreds of members, I would get, at least, a couple of brokers' names from people who have sold a timeshare. Could it be that most people don't use brokers? Or, are people not happy with brokers? Or, when people sell their timeshare, they don't come back to TUG?

As someone recommended, I went to LTRBA and emailed a few brokers, but no answer yet. Aside from posting on ebay, TUG and Redweek, do you have any other tip? (No) Thanks.

Speaking as a potential buyer and after dealing with a number of state licensed Real Estate Brokerages and Agents that specialize in timeshare resales, all I can say is "Buyer and Seller Beware". There seems to be a gross problem with ethics (the lack of) and possible violations of state real estate laws, which I will pursue. So, to answer your question, NO, there is no-one that I would recommend.

You never did state what timeshare (TS) you own, what week/season, and if you own it free and clear. As stated by Denise, most TS's are worthless. If your TS has a ROFR (HGVC, Marriott, Starwood, etc.), that may add some value if the resort enforces it. Some TS's that don't have ROFR may have an artificially higher price set by brokers and agents trying to keep their market values higher along with their commissions higher assuming that the unit is sold and doesn't eventually wind-up on eBay thru a PCC at a discounted price. This last sentence is where ethics come into play: agents don't submit offers to the seller, which are at a lower and true market value based on Comps. At least here in Nevada, licensed real estate agents are required by law to submit all offers, thereby allowing the market to set the price/value not the agent.

 

[csxjohn]

... Aside from posting on ebay, TUG and Redweek, do you have any other tip? Thanks.

Craigs List is another option for listing your timeshare. Others have mentioned My Resort Network as well. They charge $35 to place a for sale ad.

 

[Jayds]

Timeshare Resales USA

Anyone have any dealings with Timeshare Resales USA in Orlando?

 

[DeniseM]

Anyone have any dealings with Timeshare Resales USA in Orlando?

Here is a simple test - ALL of their charges should come directly out of escrow - if they want you to pay ANY fees, no matter what they call them - that's a red flag,

 

[Saintsfanfl]

Anyone have any dealings with Timeshare Resales USA in Orlando?

Are you buying or selling? The name sounds like a scam company. Their website looks suspect. The listings are very inconsistent and look like ads posted by owners. Some that are listed as "sold" have prices more than twice as much as what Marriott's resale department sells them for. I say impossible.