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Selling my TS

Kittenkits

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I read the selling TS sticky but I think I would like to use an agent to sell it. Or at least an agency to do the paperwork. I'm afraid of really screwing something up in the signing in regards to weeks, MFs or who knows what else.

But I was also thinking an agent could get me the best possible price. That's true for residential real estate generally, but what about vacation real estate?

Does anyone have an agent to recommend or do you think I should do it myself (here? on ebay? ads in papers?). If I find a buyer myself does anyone recommend someone for the paperwork aspect?

Thanks!
 

boyblue

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Closing companies handle all of your paperwork so no worries there. Although you may choose one, the buyer always pays the closing company.

You do bring up another point that does need more discussion here. Although I'm sure you know you should not pay an up front fee, can a reputable agent (one that does not take up front fees) get you more money for your timeshare?

I don't know, but I'd be willing to bet that they could (if you are patient enough).
 

Spence

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Kittenkits said:
I read the selling TS sticky but I think I would like to use an agent to sell it. Or at least an agency to do the paperwork. I'm afraid of really screwing something up in the signing in regards to weeks, MFs or who knows what else.
But I was also thinking an agent could get me the best possible price. That's true for residential real estate generally, but what about vacation real estate?
Does anyone have an agent to recommend or do you think I should do it myself (here? on ebay? ads in papers?). If I find a buyer myself does anyone recommend someone for the paperwork aspect?
Thanks!
Nothing stops you from listing with multiple agents (that do not charge an upfront fee) and trying to sell it yourself (as long as you do not give the agent an exclusive listing.) Try Trish at www.timesharing2000.com or Shelly at www.transactionrealty.com.
boyblue said:
Closing companies handle all of your paperwork so no worries there. Although you may choose one, the buyer always pays the closing company.

You do bring up another point that does need more discussion here. Although I'm sure you know you should not pay an up front fee, can a reputable agent (one that does not take up front fees) get you more money for your timeshare?

I don't know, but I'd be willing to bet that they could (if you are patient enough).
All closing companies are not efficient, so I would not say 'No worries.' The buyer does not always pay the closing company, anything can be agreed upon or negotiated.
 

T_R_Oglodyte

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As Spence said, the decision about paying for the closing company is negotiable. As a buyer, though, if I am paying for the closing company I insist on selecting the closing company. If I am not paying for the closing company, I insist on being able to agree to the company selected by the seller.
 

Kittenkits

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I contacted the 2 suggested realtors.

If anyone else has suggestions please forward them along.

If I sold on ebay, how would I work closing?
 

DavidnRobin

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It may be best to contact a known title and escrow company that does timeshare closing - First American, Old Republic, and Chicago Title Companies have offices/agents that speciallize in TSs - they may cost slighty more. TSs are not that difficult closing-wise (compared to other real estate), and not that costly.

As other threads have discussed... establishing a 'true' value for your TS is key. eBay could do that, but make sure you list/advertise properly.
 

T_R_Oglodyte

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Kittenkits said:
But I was also thinking an agent could get me the best possible price. That's true for residential real estate generally, but what about vacation real estate?!
Generally that's not true.

Someitmes an agent may obtain a higher sales price than you could listing it yourself, but after commission you will net less. And in many cases an agent won't be able to produce any higher sales price.

Most of the time you will net more by listing it yourself and pricing it aggressively than placing it with an agent who will price it higher.
 

JudyS

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Kittenkits said:
If I sold on ebay, how would I work closing?

You can handle closing any way that you want; eBay doesn't seem to get involved with closing at all. So, you could say in your ad that you plan to use a specific closing company, or that the buyer can choose the company.

Many eBay sellers pad their prices by charging inflated closing costs, or by charging a "closing fee" for paperwork that they do themselves. If you sell on eBay, I suggest clearly stating that you are charging only the actual closing costs charged by an independant closing company.
 
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