With average timeshare fees ranging from $1,000 to $1,200, renting out your timeshare can cover maintenance fees. Rental fees are discounted for owners who also list a property for sale on the SMTN website. Many sellers rent out their timeshare while they are waiting for it to sell. Sellers who can no longer afford to pay maintenance fees or don’t have the time to use their property can sell it to buyers who don’t want to participate in the traditional timeshare presentation process.
A few months after the launch of Timeshare HotDeal, Antonia Sabia was brought on as a licensed sales agent for THD. There were still a few bugs to work out but, all in all, the program was making some headway. The buyer assist sales contracts developed for the sale of timeshare through THD were clear and concise. By Ryan’s account, Jay Garland made sure that everything on the contracts were according to NH real estate law. Commissions were clearly stated as a percentage as well as a dollar amount and were shown as paid by the buyer, as stated in the terms of agreement in the SMTN advertising contract.
Don Nadeau, as a private buyer, would be out of the deal but Don Nadeau’s brokerage would get the commission check. This works with most premium timeshare brands under their right of first refusal. The seller would not know this because they do not know the buyer is a broker. In many cases, the seller could get $2,000 or $3,000 more for the sale even paying a commission if the timeshares was left on the market long enough for real buyers to offer. In 2007, Timeshare Broker Services and SMTN were about to break up their partnership.
Timeshare Broker Services is an independently owned company committed to helping timeshare owners and buyers achieve their goals. Timeshare Broker Services is more than just your average timeshare sales company. Our experience includes the expertise earned from more than a decade of professional real estate sales, as well as extensive success through online timeshare resale marketing. At the core of our dynamic business are a group of hardworking men and women with a passion for timeshare sales and a proven record of success. Our experienced timeshare brokers have helped thousands of individuals buy and sell timeshares and other vacation ownership products. However, the timeshare prices above don’t include financing, maintenance fees (annual dues) or exchange fees, which can more than double the first-glance price over a lifetime of ownership.
Marriott’s Ko Olina Beach Resort
Fixed and floating week companies give owners the right to a certain amount of weeks in a certain timeshare unit each year. These timeshare companies split units between multiple owners who occupy the unit throughout the year. Timeshare companies can charge owners fees, in addition to the cost of buying into the timeshare. Wyndham Vacation Resorts offers numerous vacation resort timeshares across the United States and in the Caribbean.
- Lost Valley Lake Resort is a private resort that offers its members access to exclusive amenities throughout the year, including features such as 24-hour security, stables, a boathouse, accommodations and a spa.
- It does not give you the right to sell or rent your timeshare or give you any real estate interest; it doesn’t give you any ownership rights either.
- You can also quickly look up vacation package costs on any of the main travel booking sites to get an idea of what you would pay for a desired location without purchasing a timeshare as a comparison.
- Everything happened online except for one document that had to be notarized and mailed back to the mortgage company.
- One example that comes to mind is an agent currently working for Don under TBS in Florida.
- Most timeshare presentations last 90 minutes to two hours, but some are longer.
While Timeshare Broker Services is experienced in Internet-based timeshare resales, this is not the only advantage we provide to sellers. We also provide the advantage of using a licensed real estate broker. Because our agents are licensed and bound by state laws, we provide a service that timeshare sellers can trust.
The first name is real but the the last is fictitious. I understand she initiate this because of a no compete clause with another company. This type of practice could make a person wonder what else is she hiding from. I am not sure about how her offer or sales contracts go out but I would think regardless of that, a licensed real estate agent would be required to use their legal name both verbally and written. Sometime back in late 2004, early 2005, the CEO of SMTN decided it was time to get in on the commission side of timeshare.
Sell Your Timeshare Risk-Free With No Upfront Fees
SMTN gets your property in front of buyers in more than 200 countries. The company has no hidden fees and advertises a hassle-free closing process. Stroman and Timeshares Only are NOT licensed real estate companies … If you own a timeshare that inherently has no real value, you might try donating it or contacting the condo association at the resort to let them know you no longer want it. Some resorts will take the unit back if you provide a “quit claim deed” and, in some cases pay any current fees due. Don’t fall for these scams from companies that say if you pay $2,000 or $3,000 and sign a quit claim, the company will take the unit off of your hands!
Maybe this is just another example of putting the wrong people in charge in order to make a quick buck. I got burnt – it is too late for me, but this message is to try to prevent others from suffering bravo customs broker services the same fate. From what I understand, they treat both buyers and sellers alike. Deciding on a timeshare also depends on how much time you can take off to use your annual membership.
SMTN was very accurate, professional and open in their dealings with me. The sale of my Marriott points went very smoothly and quickly after Marriott exercised their right of first refusal to purchase back my points for the previously agreed upon price established with SMTN. I would use SMTN again when I plan to sell my other units in the future.
Featured Timeshare Resorts
They list your property in a market where timeshares owners can buy to increase their points values for a much cheaper price then the timeshares themselves offer. In fact, consumers often purchase timeshares not because they want to visit the same place every year, but because they want to visit multiple properties in the timeshare company’s portfolio. An example is Disney Vacation Club (DVC) that gives timeshare owners access to Disney resorts, destinations (like a cruise) and more. But this does require some advance planning in knowing your vacation dates (often a year out), and additional fees may apply to exchange your week or points for another property.
Selling with a Timeshare Broker
In most cases, you can get rid of the unit yourself and not pay thousands to do it. Similar to owning a condo, timeshare ownership can require you to pay a special assessment if the property needs upgrades or repairs that can’t be covered by the reserve funds from timeshare owners’ annual dues. Higher assessments can lead to a downward spiral of owners not being able to afford their dues, and then the resort quality declining. Here are some of the risks of purchasing and owning a timeshare. The average sales price for a one-week timeshare was $23,940 in 2022, according to the American Resort Development Association (ARDA), an industry advocacy group.
Fast forward to August and our points have already been added to our existing Wyndham account for a fair price and we have booked a few upcoming vacations. They are diligent, contact you often, get back to you immediately with any questions or concerns and the price is much cheaper than the pushy salespeople on site will try to talk you into. Explore our specialized timeshare services, focused on our core mission of facilitating a seamless timeshare ownership transfer. We leverage our experience and industry relationships to find new owners for your timeshares and take pride in offering transparent solutions and fair pricing tailored to everyone’s unique circumstances. One example that comes to mind is an agent currently working for Don under TBS in Florida.
Buy and Sell Timeshares, offers affordable subscription based pricing, so you won’t over pay to list your ownership. Sell or buy Wyndham timeshares and Club Wyndham points at the best Wyndham timeshare resorts. I recently tried to purchase a 2 bedroom 2 bath timeshare annually. I was just about to sign the contract and discovered it was only a 1 bedroom every other year.