• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Timeshare Broker or Redweek and TUG

bastroum

bastroum

TUG Member
Joined
Apr 18, 2010
Messages
788
Reaction score
6
Location
Las Vegas NV
I am thinking of selling 3 Hilton Lagoon Tower timeshares. Anyone have any opinions regarding listing through a legitimate timeshare broker vs. listing myself on Redweek and TUG?
 
Your time is the difference. It is very easy to list yourself but dealing with prospective buyers can be a pain. A legitimate broker will probably take $800 (not including buyer paid closing cost). It just depends on how much your time is worth. A broker is easier and on average they can fetch higher prices if the units are prime which may offset the broker fee. I personally prefer the broker route on anything that can sell for $5k or greater. You are also in a good position to negotiate a discount with wanting to move 3 of the same units.
 
Last edited:
Being that it is a high demand resort, I'd go with a broker. Prospective buyers need a lot of education. You could spend a great deal of time just educating people about the HGVC system and then they will tell you they are going to shop around for a while.
 
With a high dollar resort, I believe a broker can get you more money, and justify his commission.
 
DeniseM said:
With a high dollar resort, I believe a broker can get you more money, and justify his commission.
Click to expand...

So Denise..what do you think? A highly respected T/S Broker wants $1,500 each to market 3 T/S's. One will sell for $15,000 and the other two for about $7,000 each. What would you do?
 
bastroum said:
So Denise..what do you think? A highly respected T/S Broker wants $1,500 each to market 3 T/S's. One will sell for $15,000 and the other two for about $7,000 each. What would you do?
Click to expand...

I would have to have more info., like how much are they selling for on ebay, and is there any upfront fee.

wants $1,500 each to market 3 T/S's.
Click to expand...

This sounds like an upfront fee? I would use a broker who charged commission out of the proceeds.
 
Last edited:
DeniseM said:
I would have to have more info., like how much are they selling for on ebay, and is there any upfront fee.
Click to expand...

No upfront fee. The commissions come out of the proceeds. These are Lagoon Tower units that I don't see on eBay very often. The last closings they had on these units were in the past four months. They sold for $15,000 for the one and $6,000 each for the others.
 
bastroum said:
No upfront fee. These are Lagoon Tower units that I don't see on eBay very often. The last closings they had on these units were in the past four months. They sold for $15,000 for the one and $6,000 each for the others.
Click to expand...

And how much does the broker think he can get?
 
bastroum said:
$15,000 for one and $7,000 each for the others.
Click to expand...

Then it sounds like it's the same ball-park price as you might be able to sell them for?

Do you have to sign an "exclusive" contract, or can you market them yourself as well?
 
bastroum said:
Exclusive for 1 year.
Click to expand...

What is more valuable to you: time or money? ;)

Do you feel that you have the people skills, and patience, and knowledge to sell it yourself?
 
Last edited:
So the GROSS proceeds MIGHT BE $29,000, but the broker wants a $4,500 regardless of your closing price ... when the units close.

Better than 15.52%, right?

But if he only brings you offers totally $24,650, his commission rate is 18.26%.

And if he gets you only $20,000, his commission rate is 22.5%.

There is ABSOLUTELY NO BENEFIT to him to get YOU any better offer. He will argue that ANY OFFER is a great OFFER ... and you should accept it! NOW! He gets his money without having to work.

Dang, this is the agent I should be low-balling to buy my highly desirable timeshare weeks I want to buy...

And in my opinion only a DUMB buyer will buy the lesser weeks from him - your broker has no interest (benefit) to get you more money.

You can place a lot of ads everywhere for $4500 ---
 
I would never sign a one year agreement. Had a property management business and found brokers that get results have no problem signing for three months and then renews on a month to month basis. Keeps them motivated!

I know the standard BS is I have to invest time and money and need lots of time to sell. In reality after three months listing is stale and broker is pushing new listings and kinda disappears.

Just like I get 7%, brokers that move things will accept 5-6% as long as fairly priced, etc.. Of course, if house or condo under say $100K then 7% may be fair to cover fixed OH!

Obviously different rules apply to low priced TSs and my impression is legitimate brokers get $1,000 minimum or 10-20%.
 
You must log in or register to reply here.
Top