What can be included in a timeshare sale?

[Gussie]

I am selling a 2BR lock-off EOY EVEN timeshare with floating weeks. For 2008 I exchanged the 1 BR but the studio is still deposited with II.

The timeshare is listed with a broker who tells me that people are looking first at EOY ODD because that is for next year even though my unit is being offered at a competitive price. I would therefore like to include 2009 usage but am not sure how to do it within II rules.

When I do an online search for 2009 using the studio from the resort I am selling into the same resort, I only see studio units.

When I do the same search using a deposit from a different resort (1 BR) I see many 2 BR units at the resort I am selling. I could easily exchange for a prime week.

I need to know what can be transferred to the new owner.

I know I can not sell an exchange, but can I include it with the sale of a timeshare? If so, does it have to be made using the resort I am selling? Can I include a gift certificate with the sale?

Can I include a deposited week? If so, does it have to be from the resort I am selling?

I would also appreciate any other suggestions on how to make an EOY that won't be used for 2 years more attractive NOW.

 

[richardm]

I recommend you simply adjust your pricing or offer other financial considerations such as "seller pays closing" etc.. The more bells and whistles you attach to the sale, the more things you have that can (and most likely will) go wrong. I've seen many, many transactions fall apart because of simple misunderstandings or from good intentions gone awry!

 

[Dave M]

I think the broker is correct. You'll probably not have much interest because your unit isn't available until 2010. But make it as attractive as possible.

Include the deposited studio as part of your selling offer. Don't try to trade for a great week or even offer to do it for a buyer. It gets too complicated, you probably won't be able to get the exact week the buyer wants, and even if you do, the delay in getting a confirmed exchange will likely cause the potential buyer to lose interest. Let the buyer do an exchange with your deposited week (or a substitute week) after the ownership transfer is completed.

If that's the only II timeshare you own, II will transfer your account (including the deposited studio) to the new owner if one of you pays to extend the membership by a year in connection with the transfer.

If you own other II timeshares, II will transfer a substitute week instead of the deposited week to the new owner if that new owner pays to join II or extend his/her membership by a year.

I recommend that you offer to pay the membership extension fee.