Multiple individuals appreciate their timeshares for the opportunity to stay in cutting-edge vacation homes and resorts year and year. However, paying high maintenance and membership fees can become an actual burden one day, so owners decide to sell a timeshare. The truth is that the current timeshare resale industry is filled with fraudsters, and it makes sense for owners to apply the professional timeshare broker services. Here is a quick guide on everything you need to know about a licensed timeshare real estate broker.
How does a broker sell a timeshare?
Purchasing a timeshare within a vacation property appears as an investment that tends to depreciate over time. Therefore, selling a timeshare might be genuinely challenging, so referring to a timeshare resale broker is the way to go. One of the main advantages of choosing to work with a timeshare broker is that owners are protected against potential scams in the timeshare resale market. Even though multiple laws designed to regulate an industry have been approved over the recent years, it is still a concern for consumers to cope with timeshare sales transactions on their own.
Timeshare owners can leverage broker timeshare services, as these specialists pose expertise in a market that average individuals don’t have. Moreover, timeshare resale brokers know how to price your property on the secondary market to get the best deal faster. Brokers work by looking for renters or buyers for your listed timeshare. They will also contact a purchaser and close a timeshare resale transaction on the owner’s behalf. While choosing among multiple timeshare brokers to apply to, keep in mind that professionals won’t require any upfront fees for their services. Make sure a broker stands for sufficient experience in the field, as well.
Where to find a timeshare broker?
If a timeshare seller aims to find a reliable broker, it will help to research the Internet. Multiple timeshare brokers offer their services online, and sellers can evaluate their work by getting familiar with customers’ reviews. In addition, the first pledge of having a successful deal with a broker is to check their licenses. It will never hurt to know that you are dealing with a professional. The more expertise a timeshare broker has in the vacation ownership industry, the higher your chances of selling a timeshare.
One more important thing – once you visit a broker’s online platform, check whether they require paying upfront fees which usually means you risk dealing with fraudsters. Multiple current timeshare brokers work by using escrow, where funds are stored until the resale transaction is completed. This approach is efficient when working with brokers since sellers can keep their minds calm and won’t waste money on questionable services. Working with famous timeshare brands, such as Disney, Marriott, and RCI, is also an indicator of the broker’s reliability.