Chances are, when you first bought your timeshare, you never considered the licensing and regulatory issues surrounding your purchase. At that time, emotions were probably high, there was a lot of excitement and hoopla. Now that the "honeymoon" is over and you want to sell, these questions start to rise: Who will handle the sale? How do I locate someone trustworthy to advertise and negotiate for me? What about escrow? A title company, recording of deeds, title insurance, attorneys, next rights to use? Now throw in the logistics of overcoming the issues of state to state regulation. For example, in Stroman Realty, Inc's latest study, they show that 41% of their timeshare sales over a five year period involved four states and 48% involved 3 states. The buyer, seller, property, broker, and closing company could all be in different states. So, whose forms do you use? What is the jurisdiction if there are legal issues?
Good question. In Texas Realtor's May 2008 issue, they address a similar question: Can I list a Colorado property for sale? That was a fairly simple question, but the answer was not as simple.
The simplest answer is to use a Timeshare Resales Broker. They will be adhering to the laws of the state in which they conduct business, practicing a code of ethics, and participating in mandatory continuing education. They will likely have the experience needed to wade through the pile of questions that will come along.
Stroman Realty, Inc is such a broker. Having nearly 3 decades of experience in timeshare resales including every state in which there is a timeshare and many foreign countries, they have the experience to get the job done.
Take a look at the details of their timeshare resales study. There you will find average sales prices for states like Florida, California, and Hawaii. You will also find out about all the options available to a timeshare owner when they are preparing to sell.