Timeshare resale agents operate the same way as a real estate agent – they get paid only when you sell your property. A legitimate timeshare resales agent will charge a commission after the sale is finalized and take a fee out of the net proceeds from the transaction (which helps to explain why there are very few timeshare resale agents in the business right now with timeshares selling so low). Also keep in mind – there are never any upfront fees or advertising costs to be paid by the seller in this type of timeshare sale.
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Florida contains one-quarter of all of the timeshares in the US. Because of the high concentration of timeshare resorts in FL, the legislature felt it necessary to pass a bill to help timeshare owners struggling with timeshare debt. In response to challenges being faced by Home Owners Associations and lenders due to a high number of owners being unable to afford their payments, the Trustee Foreclosure Bill was created. The Trustee Foreclosure Bill will reduce the time and cost for timeshare owners paying late and struggling financially because of maintenance fees. This bill was created with the aim of preventing a large amounts of timeshares from going into delinquency and going under.
The new Florida timeshare foreclosure law modification will shorten the amount of time needed to process a foreclosure from 18 months to a mere 90 days. It is hoped that this change in foreclosure time will help to quickly remove and replace owners who can no longer afford their payments. The HOAs will also now be able to react more quickly to present delinquent owners with their various options – including full foreclosures and deeds in lieu of foreclosure.
When talking about the value of timeshare, Hawaiian timeshares frequently come up as the example of a timeshare location that is able to hold it’s sale value. In light of the fact that timeshares in Hawaii tend to hold their value over time, there has been a lot of discussion as of late regarding rising maintenance fees for these timeshare resort properties in Hawaii.
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If you’re reading this page you’ve probably been through all the information you can take regarding how to sell a timeshare on your own. Truth be told, it’s difficult, if not impossible, to sell a timeshare.
If you’ve tried gifting, donation, reselling on timeshare forums, eBay, Craigslist and word of mouth you are probably fed up with the lack of response you’ve received thus far. Using a broker to help sell your timeshare can be one way to rid yourself of an unwanted timeshare. BUT you have to make sure you do your research prior to entering into an agreement with an unscrupulous broker.
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August 16th, 2010 by Mandie Brokers
eBay and Craigslist are quickly becoming major disappointments for people looking to sell a timeshare. While they were once the go-to sites to advertise a timeshare for sale and possibly sell an unwanted timeshare, they are now more of a hassle then they’re worth. Many people trying to get rid of a timeshare are now turning to a broker to take care of the timeshare sale for them. A broker can be a great way to get rid of an unwanted timeshare, but you’ll need to first do your research to learn how a timeshare broker can help you, and read timeshare broker reviews to make sure you’re dealing with a reputable brokerage.
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August 14th, 2010 by Mandie Brokers
Timeshare resale agents operate the same way as a real estate agent – they get paid only when you sell your property. A legitimate timeshare resales agent will charge a commission after the sale is finalized and take a fee out of the net proceeds from the transaction (which helps to explain why there are very few timeshare resale agents in the business right now with timeshares selling so low). Also keep in mind – there are never any upfront fees or advertising costs to be paid by the seller in this type of timeshare sale. 
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