Business People Club

Buyers and Sellerts FAQS on Timesharing

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by HuggingDuck
Buyers FAQS:

Q: Why should I buy a RESALE timeshare from you instead of buying it directly from the resort?

A: You can get the SAME timeshare on the resale market but at anywhere from 50% to 80% off the price you would pay if you bought it directly from the resort. And, because you will have paid so little for it by buying resale you will have an easier time getting most of your money back. Or, if you decide to keep it, you may will it to your kids or give it away. Click here for the TimeSharing Today Article “Let's give it to the kids!”.
* Depending on resort and market conditions.

Q: Why should I buy a RESALE timeshare from a professional, licensed timeshare RESALE Broker? I have friends who want me to buy theirs.

A: GOOD QUESTION... BUT BE VERY CAREFUL !
When you buy from a private party you have no way of knowing if the previous owners have put it up for collateral, have a lien against it, or owe back dues or taxes. You could be liable for heavy duty fees that you know nothing about! When you buy from a private party you have no way of knowing if the previous owners put it up for collateral on a loan or it could have a lien against it. Even though they are the best people in the world, they might not know either. Or, did they use a quit-claim deed and give it to someone else? Have they paid all the annual maintenance fees and taxes? If not, you may be liable for heavy-duty past-due bills if you buy it from them.
And, you cannot use the timeshare until you have paid off those outstanding bills. We are a professional, licensed timeshare resale company and we have the same fiduciary responsibility to buyers and sellers as real estate agents who sell homes. We are successful because we offer sellers, as well as buyers, easy, fast and SAFE property transfers. Click here to see our TimeSharing Today magazine article on “Do you dare do it Yourself?”.

Q: How do I know that I am buying a RESALE Timeshare that is free and clear of all liens?

A: This is why it is important to buy your timeshare from an established company like Timeshare RESALE Alliance, and why we use a professional escrow company that gives you a Title Policy guaranteeing that the deeded property you receive is free and clear. The same checks are made on Right to Use or Club Membership types of property as well.
Buying a timeshare involves almost as much paperwork as buying a home. You want to make certain that all the paperwork is filled out and properly recorded, that you are buying a property that is free and clear, and that the transfer of title is accurately registered with the resort. Making sure you get what you pay for is how we earn our commission (which is paid for in most cases by the seller)---we’ve matched thousands of buyers with sellers and know how to get the job done for you.

Q: Will I get the same benefits the resort offers to those who buy directly from them?

A: Resorts often give you two free airline tickets, an inexpensive weekend at the resort or a comparable gift, when you come for a presentation by them. You do not get those when you buy on the resale market. On the other hand you don’t get the generally high powered sales pitch either. But, you get the same timeshare at a savings of $5,000 to $20,000! With these savings, you can afford to buy your own airline tickets and resort weekend and still pocket huge savings. Hence our slogan, “Never an Up-Front Fee. No Pressure. Just Great Values”.
You know about all that “free” stuff? It isn’t really free. The buyer not only pays for his own but everyone else’s that didn’t buy as well (about seven out of ten).
Resorts give away a lot of “fluff” to make it seem as though you are getting many free benefits. They sometimes also give you a “free” membership in their Travel Club or “bonus points” that give you access to discount airline tickets and “weekend getaways”. In reality, you get these same benefits from the Exchange Companies such as Resort Condominiums International or Interval International. Why spend thousands of dollars extra to buy directly from the resort so you get this “fluff” (we call it “airware”) from them, when you can get the same thing from your exchange company?

Q: How will the resort treat me if I buy a “Pre-Owned” Timeshare rather than a “New” one purchased directly from them?

A: During your escrow, the Escrow Company notifies the resort of the Transfer of Ownership. When you check in to your resort, the staff does not even know that you bought the timeshare on the RESALE market. Nor do they care. The resort’s only concern is to have enough owners to pay the annual maintenance fee and taxes so they can maintain the beauty, high quality and desirability of the resort.

Q: How do I know which RESALE Timeshare Resort is the best one for me?

A: First, determine where and how you want to use your travel time. Where do you enjoy spending vacations? Do you love the beach, the mountains, the big cities or the desert? You have many choices. For example…
If getting back to nature in the Southern California mountains is for you, you can become a lifetime “pardner” in a “Members Only” 750 acre Private Ranch located 26 miles inside the Sequoia National Forest with free RV hook-ups, cabins, horseback riding, fishing, shooting ranges and more. And, you can go there as many times a year as you wish at no additional charge. After you use it for your lifetime, you can resell it or will the membership to your kids. This is most suitable for those living from Fresno to Paso Robles to Ventura to Los Angeles, California.
Is taking the family and grandparents for an annual family reunion during winter vacation in the warm desert high on your list? You can have a Palm Springs retreat that Tracy and Hepburn would have envied. And, if you’re in the neighborhood, you can even have day use!
How about a weeklong romantic rendezvous for you and your Special One in Paris one year, and on a Caribbean beach the next? Then you want to buy a top-trading, high-demand California coastal resort at a dramatically reduced price from what you would pay if you bought directly from the resort---and then trade it for anywhere in the world you want to go.

Q: After I speak with your Consultant and determine which Resort is the best for me, what’s the next step?

A: This is the easy part---we do all the work for you and lead you through the process step by step.
After you decide on the resort and price, our personal Timeshare Resale Travel Consultant will FAX or mail a Purchase Agreement to you for your signature. The agreement contains the entire dollar amount of your purchase, including all fees and escrow charges---there are no surprises down the line. Simultaneously, she or he will take your credit card number and charge your Deposit of $500 (sometimes more on more expensive RESALES – You will know in advance what it will be) and alert the Seller. As soon as she receives your signed Purchase Agreement, she presents the offer and if accepted instructs our Escrow Coordination Department to open your escrow at a major national Title Escrow Company. They credit your escrow account for $500. The balance is due back to the independent Escrow Company along with your signed Escrow Instructions. When your escrow closes, the Escrow Company then sends the monies due to the Sellers to them and the Grant Deed to you and you are now the proud new Owner of a wonderful future full of fabulous vacations.

Sellers FAQS:

Q: Do you charge an upfront (“Listing”, “Appraisal” or “Marketing”) Fee to list my timeshare?

A: NO! NEVER, EVER PAY AN UPFRONT FEE!  We have Sellers who, after paying even $800 - $1,500 in upfront fees that never resulted in a sale of their timeshares, come to us and we sell their timeshares for them and NEVER charge them an upfront fee.

Q: Why should I list my timeshare with you?

A: 1.   Because we spend thousands of dollars monthly to market YOUR listing.
2.   Because our sales agents are more than salespeople.  They are expe

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