Same Resale Company - Different Websites & My Experience

[gnorth16]

My wife and I want to acquire more HGVC points to add to the 8000 points we already have and I came across something interesting when researching resales. I replied to a for sale by owner ad on SMTN (sellmytimeshare.com) for a timeshare for $50. Three weeks go by with no response, so I figured it was an old ad and I moved on. On Friday I received a reply from a real estate broker named Mark Goolsby, but he was from Timeshare Broker Services. I was curious how he got my name and email as I only responded to the one ad on SMTN. It turns out that "HGVCresales", Sell My Timeshare Now and Timeshare Broker Services are all different sites to the exact same inventory. Regardless of how we connected, I offered the $50 for the 1BR Plus Biennial (Even - No MF's due until 2026) worth 8800 points and asked what the fees would be. Here was his response.

Ryan, great news the one you are looking it is only $50 so below I am including the total breakdown

Purchase Price = $50
Closing = $2351
Broker Fee = $1500-$500 (closing credit paid back at closing) = $1000
Total = $3901-$500(closing credit paid back at closing) = $3401

I've never seen a broker fee being applied to the purchaser or closing costs that high. What baffles me is I thought I would be dealing with a private seller that was "highly motivated", not a broker.

Feel free to google Mark Goolsby + Timeshare and see what pops up. I'm going to start looking elsewhere.

 

[vacation911]

My wife and I want to acquire more HGVC points to add to the 8000 points we already have and I came across something interesting when researching resales. I replied to a for sale by owner ad on SMTN (sellmytimeshare.com) for a timeshare for $50. Three weeks go by with no response, so I figured it was an old ad and I moved on. On Friday I received a reply from a real estate broker named Mark Goolsby, but he was from Timeshare Broker Services. I was curious how he got my name and email as I only responded to the one ad on SMTN. It turns out that "HGVCresales", Sell My Timeshare Now and Timeshare Broker Services are all different sites to the exact same inventory. Regardless of how we connected, I offered the $50 for the 1BR Plus Biennial (Even - No MF's due until 2026) worth 8800 points and asked what the fees would be. Here was his response.

Ryan, great news the one you are looking it is only $50 so below I am including the total breakdown

Purchase Price = $50
Closing = $2351
Broker Fee = $1500-$500 (closing credit paid back at closing) = $1000
Total = $3901-$500(closing credit paid back at closing) = $3401

I've never seen a broker fee being applied to the purchaser or closing costs that high. What baffles me is I thought I would be dealing with a private seller that was "highly motivated", not a broker.

Feel free to google Mark Goolsby + Timeshare and see what pops up. I'm going to start looking elsewhere.

Regardless of who pays them thoise are some insane fees. I thought SMTN usually charges the seller those fees. I wonder if they are charging those fees to both buyer and seller. Thats nuts.

 

[WorldT]

My wife and I want to acquire more HGVC points to add to the 8000 points we already have and I came across something interesting when researching resales. I replied to a for sale by owner ad on SMTN (sellmytimeshare.com) for a timeshare for $50. Three weeks go by with no response, so I figured it was an old ad and I moved on. On Friday I received a reply from a real estate broker named Mark Goolsby, but he was from Timeshare Broker Services. I was curious how he got my name and email as I only responded to the one ad on SMTN. It turns out that "HGVCresales", Sell My Timeshare Now and Timeshare Broker Services are all different sites to the exact same inventory. Regardless of how we connected, I offered the $50 for the 1BR Plus Biennial (Even - No MF's due until 2026) worth 8800 points and asked what the fees would be. Here was his response.

Ryan, great news the one you are looking it is only $50 so below I am including the total breakdown

Purchase Price = $50
Closing = $2351
Broker Fee = $1500-$500 (closing credit paid back at closing) = $1000
Total = $3901-$500(closing credit paid back at closing) = $3401

I've never seen a broker fee being applied to the purchaser or closing costs that high. What baffles me is I thought I would be dealing with a private seller that was "highly motivated", not a broker.

Feel free to google Mark Goolsby + Timeshare and see what pops up. I'm going to start looking elsewhere.

Did you ask him to ask the seller if they will cover the fees. I believe the seller is already charged a fee.

 

[jeffox]

The seller is paying $1000 or more in fess for the $50 sale, SMTN or whatever they call themselves are a high fee organization.

 

[dioxide45]

Basically the seller doesn't want to pay the broker fees out of pocket after already paying SMTN a high listing fee. So they are trying to get the buyer to pay the broker fee.

 

[WorldT]

Basically the seller doesn't want to pay the broker fees out of pocket after already paying SMTN a high listing fee. So they are trying to get the buyer to pay the broker fee.

I bet they didn't tell the seller they will try to charge the buyer $3400 in addition to the listing fee (isn't this the same as broker fee?).
I wonder if anyone has had success telling them you want to use a different closing company.

 

[Shiba]

Do you think that has anything to do with the new real estate laws with both buyer and seller having to pay the agent/broker fees? I know this isn’t typical real estate, but did SMTN apply it here?

 

[dioxide45]

Do you think that has anything to do with the new real estate laws with both buyer and seller having to pay the agent/broker fees? I know this isn’t typical real estate, but did SMTN apply it here?

No, its just a money grab by SMTN trying to get money from both parties of the transaction.