Here are the answers to many of the questions we
are frequently asked.
Q. How long will it take
to sell my week?
A. It's impossible to say. Generally speaking, the
lower the price, the faster the sale. However, the
demand for your resort and for your particular week
are also critically important. If a week is
reasonably priced and at a resort of reasonable
demand, you should anticipate at least a few months
before a sale. We do send out regular sales updates
to keep you current on sales activity.
Q. How long will it
take to close the sale?
A. Once we've found a buyer, you should figure on 4
- 6 weeks to close the sale.
Q. Why are commissions so high?
A. They're not! If we could sell your week for a
few hundred thousand dollars, like a house, then a
6% commission would be reasonable. If you look at
the commission in dollar figures, it's not really
that much. When you realize that most developers
spend about 50% on their sales and marketing costs,
our commission look cheap!
Q. If I list my week
for sale, can I still use it?
A. Yes. In fact, we recommend that you continue to
use your week until we contact you about a buyer.
If you would normally space bank it, go right
ahead. We'll work around your situation once we
have a buyer.
Q. What do closing
costs cover and what are they?
A. Just as in every real estate transaction, there
are closing costs in selling a timeshare as well.
These costs pay for everything from creating the
documents, doing the title work, recording the
deed, etc. Our closings costs are among the lowest
in the industry at $395. If we use an outside title
company, closing costs can be as high as $495.
Closing costs are typically paid by the buyer.