• For your protection, if you buy a timeshare through a timeshare resale company, verify that the company is a licensed real estate broker. A licensed real estate broker is legally obligated to hold all funds in an escrow account until the sale has closed. Licensed real estate brokers are most likely to handle the timeshare sales transaction in a legal and ethical manner because they have more at risk than a non-licensed company or individual.
• Ask for the real estate broker's license number and then contact the state's department of real estate to verify the status of the license.
• Take caution if you buy
timeshare from a non-licensed timeshare
resale company. Non-licensed companies don't have
as much to lose as a licensed company.
• If buying from a private timeshare owner, make sure the transaction is handled by a professional real estate escrow agent. Click here to see the timeshare closing process.
• You shouldn't have to pay more than 50% of
the developer's original sale price when you buy
timeshare at resale prices because developers selling
new timeshare units have to add 50% or more to the
sale price of their new timeshare units to off set
their sales and marketing costs. Brand name timeshare
resales such as Disney & Marriott are the exception
and you can expect to pay 85% - 90% of the developer's
original sales price.
• If you plan on using your timeshare for exchange,
buy timeshare in a high demand location.
If
you wnat to buy timeshare and have a question or need
help in any way, please
send us an email and we will do everything
that we can to be of assistance to you.
